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    Anchored Retail Property with Upside Title is generated by Realmo AI

    3825 E Calumet St, Appleton, WI 54915

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    Retail property with value-add potential in established Appleton market.

    Type:RETAIL
    Property size:
    74,619 SF
    Lot size:
    9.66 Acres
    Price / SF:
    $174/SF
    Added:
    Sep 17, 2025
    Days on Market:
    249
    Last Refresh:
    Apr 5 at 8:07 pm

    Property Features for 3825 E Calumet St

    General Information

    Standard status
    Active
    Size
    74,619 SF
    Lot size
    9.66 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Matthew Beadle
    Matthew Beadle

    Listing agent Matthew Beadle License #9442832

    Listing office Founders 3 Real Estate Services-Retail

    Listing date Sep 17, 2025

    Source Moodyscre

    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 Founders 3 Real Estate Services-Retail

    HighLights

    • Shadow‑anchored by a top‑performing Walmart (top 7% nationally, top 2% statewide) providing exceptional exposure and consistent foot traffic.
    • Anchored by Marshalls and Home Goods with a mix of long‑term, well‑established national and local tenants.
    • Located in a vibrant retail corridor on Calumet Street with excellent visibility and high daily traffic counts.
    • Value‑added potential with only one vacant unit.
    • Located in Appleton, a key city within the Fox Cities, a dynamic regional market with a population exceeding 406,000.
    • Low Appleton retail market vacancy rate of 1.1%.

    Overview

    This retail property is anchored by Marshalls and Home Goods, featuring a mix of local and national tenants, most of which are long-term and well-established. The property includes one vacant unit, presenting a value-added opportunity. The location benefits from exposure to consistent foot traffic, shadow-anchored by a top-performing Walmart, ranking in the top 7% nationally and the top 2% statewide. Situated along Calumet Street, the property is positioned within a retail corridor characterized by excellent visibility and high daily traffic counts. Appleton is a key city within the Fox Cities, a regional market of over 406,000 people in northeastern Wisconsin. The property is located approximately 30 miles south and west of Green Bay and just north of Lake Winnebago. The area within a ten-mile radius of the property has a population exceeding 250,000, with an average household income of over $105,000. The Appleton retail market has a vacancy rate of 1.1%. The property encompasses over 9 acres, offering visibility, access, and parking.

    Financial Insights

    Value Estimation Calculated for Retail

    Conservative
    $10.72M
    NOI $964,594 @ 9.00% cap · cautious / downside scenario
    Moderate
    $13.78M
    NOI $964,594 @ 7.00% cap · market / base-case scenario
    Aggressive
    $19.29M
    NOI $964,594 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.
         Calculated for Retail

    Component $ $/SF
    Gross rent $1.41M $18.96
    − Vacancy −$36.8k −$0.49
    EGI $1.38M $18.47
    − OpEx −$413.4k −$5.54
    NOI $964.6k $12.93
    74,619 SF · lease $18.96/SF/yr · vacancy 2.60% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Retail
    $13.78M
    $12.06M – $16.08M (±1% cap)
    NOI $964,594 @ 7.0% cap · market cap 7.42%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $20.57M
    $18.00M – $24.00M (±1% cap)
    NOI $1,440,149 @ 7.0% cap · market cap 11.08%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Roshak Builders Inc Construction Company NewStyle Salons Hair Salon Sally Beauty (Bike/Boat/Book/etc) Store The Joint Chiropractic Alternative Medicine Practice CYCLEBAR Cycling Facility

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Quick-Tag — Walmart Supercenter, 3701 E Calumet St, Appleton, WI 54915
    • Coinstar Kiosk | Bitcoin ATM — Roundy's Inc, N135 Stoney Brook Rd, Appleton, WI 54915
    • EISENHOWER — n162 eisenhower dr, appleton, wi 54915
    • Kensington Plaza — 2400 S Kensington Dr, Appleton, WI 54915
    • Sav- Half Greeting Cards — W3192 County Rd KK, Appleton, WI 54915

    Location Insight

    • Map
    • Local Demand
    City
    Appleton
    County
    Outagamie
    State
    Wisconsin
    Longitude
    -88.3491
    Latitude
    44.2416

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    FAQs

    What type of property is this?
    Shopping center - Retail property with value-add potential in established Appleton market.
    Where is this shopping center located?
    The property is located at 3825 E Calumet St Appleton, WI.
    What is the asking price?
    The asking price for this property is $12,998,721.
    What are key features of this property?
    This property features: Shadow‑anchored by a top‑performing Walmart (top 7% nationally, top 2% statewide) providing exceptional exposure and consistent foot traffic.; Anchored by Marshalls and Home Goods with a mix of long‑term, well‑established national and local tenants.; Located in a vibrant retail corridor on Calumet Street with excellent visibility and high daily traffic counts.
    (847) 417-4475 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Matthew Beadle
    Matthew Beadle
    Real Estate License ID: 9442832
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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