Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Office/Retail Building Title is generated by Realmo AI

    4731 West Michaels Drive, Appleton, WI 54913

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Mixed office and retail building near Fox River Mall, offering flexible space for owner-occupants and investors.

    Type:Retail, Office
    Property size:
    9,636 SF
    Price / SF:
    $155/SF
    Added:
    May 28, 2026
    Days on Market:
    10
    Last Refresh:
    Jun 6 at 2:28 am

    Property Features for 4731 West Michaels Drive

    General Information

    Standard status
    Active
    Size
    9,636 SF
    Property subtype
    Retail, Office

    Building Details

    Year Built
    1999

    We can help!

    Listing Contact
    Elizabeth Ringgold

    Listing agent Elizabeth Ringgold License #WI

    Listing office NAI Pfefferle

    Listing date May 28, 2026

    Source Crexi

    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

    HighLights

    • 9,636 SF mixed office and retail building
    • Built in 1999
    • Located near Fox River Mall

    Overview

    The property is a 9,636 SF office/retail building designed to accommodate both business and customer-facing uses. As presented, the building is positioned as a combined office and retail format, providing a practical option for an operator looking to serve clients while maintaining office functionality under one roof.

    Located at 4731 West Michaels Drive in Appleton, Wisconsin, the building is described as being near Fox River Mall. This setting supports convenient access for tenants and visitors, with the shopping center area serving as the property’s primary nearby context.

    For buyers, this mixed-use configuration can be a strong fit for a small-to-mid sized operator that wants to combine workspace and storefront activity within a single property. The building’s clear office/retail identity may also appeal to investors seeking a property that can be marketed to multiple types of tenants, depending on how the space is configured and leased. Interested parties can review the available layout and intended operating model during due diligence.
    Location Intelligence

    Current Use by Public Records

    Woodcraft of Appleton/Fox Cities (Bike/Boat/Book/etc) Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Appleton
    County
    Outagamie
    State
    Wisconsin
    Longitude
    -88.4774557
    Latitude
    44.2670023

    Nearby Similar for Sale

    • $219,900
      1,918 SF

      Appleton Duplex with Rental Income

      Two-unit property with updated features and strong rental history.
      551 N STATE Street, APPLETON, WI 54911
      View Details
    • $419,900
      2,464 SF

      Spacious Duplex Near Appleton East

      Spacious duplex with 3 bedrooms, garage, near Appleton East.
      2401 E CALUMET Street, APPLETON, WI 54915
      View Details
    • $275,000
      1,976 SF

      Charming Duplex Near Downtown Appleton

      Sun-drenched duplex with hardwood floors, ideal for owner-occupants.
      106 W PARKWAY Boulevard, APPLETON, WI 54911
      View Details
    • $179,900
      1,580 SF

      Appleton Multifamily Investment Opportunity

      Multifamily property near downtown Appleton, Lawrence University, and parks.
      826 E WASHINGTON Street, APPLETON, WI 54911
      View Details
    • $269,900
      1,632 SF

      Appleton Duplex with Updated Unit

      Upper/lower duplex with updated upper unit, great for investment.
      1219 W PACKARD Street, APPLETON, WI 54914
      View Details
    • $199,000
      1,461 SF

      Appleton Duplex: Investment Opportunity

      Two-unit duplex in North Appleton, ideal for investors or owner-occupiers.
      823 W OKLAHOMA Street, APPLETON, WI 54914
      View Details
    • $2,821,366
      14,812 SF

      Fully Leased Appleton Retail Investment

      100% leased retail property in thriving Appleton market.
      2400 S Kensington Dr, Appleton, WI
      View Details
    • $10,500,000
      525 SF

      Downtown Appleton Office/Retail Space

      Class A office/retail space in downtown Appleton with high visibility.
      100 W Lawrence St, Appleton, WI
      View Details
    • $315,000
      2,052 SF

      Appleton Duplex with Strong Cashflow

      Turnkey duplex in Appleton with investment or owner-occupancy potential.
      606 East Florida Avenue, Appleton, WI 54911
      View Details
    • $3,067,977
      6,000 SF

      Downtown Appleton Class A Office

      Class A office suite in downtown Appleton's central business district.
      122 E College Ave, Appleton, WI
      View Details
    • $374,900
      5,600 SF

      Fox Valley Supper Club Opportunity

      Iconic supper club with living space on 2.75 acres.
      4899 County Rd EE, Appleton, WI
      View Details
    • $16,000,000
      59,010 SF

      Class A Office Building Opportunity

      Premier office building in prime Fox Valley location for sale.
      425 Better Way, Appleton, WI
      View Details

    FAQs

    What type of property is this?
    Retail space - Mixed office and retail building near Fox River Mall, offering flexible space for owner-occupants and investors.
    Where is this retail space located?
    The property is located at 4731 West Michaels Drive Appleton, WI.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: 9,636 SF mixed office and retail building; Built in 1999; Located near Fox River Mall
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Elizabeth Ringgold
    Real Estate License ID: WI
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4731 West Michaels Drive, Appleton, WI 54913
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!