Medical Office with Surgery
For Sale
Contact for pricing
277-279 Altenhofen Dr, Appleton, WI 54913
Freestanding clinical space includes imaging rooms, surgical recovery areas, and an on-site generator.
Property Size11,023 SF
Price / SF$244.94
Days on Market20
Property Features for 277-279 Altenhofen Dr
General Information
Standard status
Active
Size
11,023 SF
Property subtype
OFFICE
Additional Details
Road Access
Yes
Amenities
accredited outpatient ambulatory surgery center
On-site Kohler generator
exam/treatment rooms
X-ray rooms
pre & post operating rooms
Building Details
Buildings
1
Listing Agency:
NAI Pfefferle
(920) 968-4700
Listed By:
Amy Oelhafen
(920) 560-5009
Source:
Moodyscre
Added: Sep 25
Changed: Oct 10
Last Checked: Oct 12 at 10:55PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Pfefferle
Investment Insights
Based on property information with market context.
This freestanding medical office building contains an Accredited Outpatient Ambulatory Surgery Center and totals 11,023 square feet. Its clinical layout includes more than 15 exam and treatment rooms, X-ray rooms, and pre- and post-operative rooms. An on-site Kohler generator serves the property, and an unfinished basement adds approximately 2,100 square feet beyond the stated building area.
The property has 337 feet of frontage on Altenhofen Drive and 130 feet along Grande Market Drive in Appleton, Wisconsin.
The property has 337 feet of frontage on Altenhofen Drive and 130 feet along Grande Market Drive in Appleton, Wisconsin.
Key Highlights
- 11,023‑square‑foot freestanding medical office building
- Accredited Outpatient Ambulatory Surgery Center
- More than 15 exam and treatment rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$164,128
Cap Rate
6.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,282,560
$3.3M
Cap Rate 7%
$2,344,686
$2.3M
Cap Rate 9%
$1,823,644
$1.8M
Market Conditions
NOI Build-Up for 11,023 SF
Gross rent
$248.7K $22.56/SF
− Vacancy
−$29.8K −$2.71/SF
EGI
$218.8K $19.85/SF
− OpEx
−$54.7K −$4.96/SF
NOI
$164.1K $14.89/SF
Area
Outagamie County, WI
Vacancy
12.00%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,282,560
Cap Rate 7%
$2,344,686
Cap Rate 9%
$1,823,644
Alternative Uses
Best Use
Office B
$2.34M
$2.05M – $2.74M
NOI $164,128 @ 7.0% cap · market cap 6.08%
Second Best
Healthcare Medical
$2.30M
$2.01M – $2.68M
NOI $161,029 @ 7.0% cap · market cap 5.96%
Theoretical Best
Office A
$3.04M
$2.66M – $3.55M
NOI $212,744 @ 7.0% cap · market cap 7.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
514
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 54913, WI
23,818
Population
9,930
Households
2.4
Avg Household Size
40
Median Age
47%
College-Educated
98%
High-School Grad
64.2 sq mi
ZIP Area
371
Density / Sq Mi
$103,149
Median Household Income
$57,739
Median Earnings
$1,158
Median Rent
$365,400
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Freestanding clinical space includes imaging rooms, surgical recovery areas, and an on-site generator.
Where is this medical office space located?
The property is located at 277-279 Altenhofen Dr Appleton, WI.
What is the asking price?
The asking price for this property is $2,699,999.
What are key features of this property?
This property features: 11,023‑square‑foot freestanding medical office building; Accredited Outpatient Ambulatory Surgery Center; More than 15 exam and treatment rooms
