Add Listing
    For Lease
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    446 N Westhill Blvd Appleton, WI 54914

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Professionally landscaped office building with great location and signage.

    Type:Office
    Added:
    Sep 4, 2024
    Days on Market:
    604
    Last Refresh:
    Mar 17 at 1:21 pm

    Property Features for 446 N Westhill Blvd

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1993

    Spaces For Lease

    at 446 N Westhill Blvd Contact us

    We can help!

    Listing Contact
    Elizabeth Ringgold

    Listing agent Elizabeth Ringgold License #WI

    Listing office NAI Pfefferle

    Listing date Sep 4, 2024

    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

    Overview

    Well-Maintained Office Building for Lease

    This newer, well-maintained office building is situated in a professionally landscaped office park, offering a favorable location near other professional office buildings, retail establishments, hotels, and restaurants. The property is located one block north of College Avenue on Westhill Boulevard and benefits from traffic counts exceeding 9,600 vehicles per day. The building features monument and building signage opportunities. Inside, the layout includes a reception area, private offices, and a break-room. Additionally, the property is located on the bus line.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ameriprise Financial: Oberstadt ... Financial Advisor HOPE Cancer Connection Medical Clinic Rawhide Youth Services ... Family Counselor LifeSpan Financial Group ... Financial Advisor Keller Williams Appleton ... Real Estate Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Appleton
    County
    Outagamie
    State
    Wisconsin
    Longitude
    -88.460899
    Latitude
    44.26463

    Nearby Similar for Lease

    • $19 SF/Yr

      Retail Space Near Fox River Mall

      Retail spaces available in high-traffic Appleton location.
      1011 Mutual Way, Appleton, WI, 54913
      View Details
    • Sponsored
      Contact for pricing

      WI, Appleton - W College Ave

      100 College Ave, Unit 3RD, Appleton, WI 54911
      View Details
    • Contact for pricing

      Fox River

      4321 College Ave, Unit 200, Appleton, WI 54914
      View Details
    • $16 SF/Yr

      Retail Space Near Fox River

      Newly renovated retail space in Appleton's high-traffic retail corridor.
      4411-4453 W Wisconsin Ave, Appleton, WI
      View Details
    • $30 SF/Yr

      Retail Space Near Fox River Mall

      2,412 SF retail space near I-41 and Fox River Mall.
      133-149 N Mall Drive, Appleton, WI, 54913
      View Details
    • $14 SF/Yr

      Retail Space with Highway Access

      Retail space with build-out allowance and ample parking.
      1440 S Oneida St, Appleton, WI
      View Details
    • $14 SF/Yr

      Appleton Office and Retail Space

      Commercial office building with space for office and retail use.
      1616-1688 N Casaloma Dr, Appleton, WI
      View Details
    • $11 SF/Yr

      Appleton Retail/Office Space Available

      Multi-tenant retail/office space in a high-traffic Appleton location.
      2021-2025 N Casaloma Dr, Appleton, WI
      View Details
    • $16 SF/Yr

      Retail Space in Appleton

      Retail space available in a well-located Appleton building.
      2828 N Richmond St, Appleton, WI
      View Details
    • $17 SF/Yr

      Prime Retail Space in Appleton

      High-visibility retail space with ample parking and excellent exposure.
      4876-4898 W Lawrence St, Appleton, WI
      View Details
    • $14 SF/Yr

      Retail Space Near Walmart

      Retail property with high visibility and strong market advantages.
      3525 E Calumet St, Appleton, WI
      View Details
    • $15 SF/Yr

      Office Space with Highway Signage

      Office space with I-41 signage and abundant parking.
      4000-4010 W Spencer St, Appleton, WI
      View Details

    FAQs

    What type of property is this?
    Office building - Professionally landscaped office building with great location and signage.
    Where is this office building located?
    The property is located at 446 N Westhill Blvd Appleton, WI.
    What are key features of this property?
    This property features: Great location close to professional offices, retail, hotels, and restaurants.; Well‑maintained office building in a professionally landscaped office park.; Monument and building signage available.
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!