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    842 Westhill Blvd Appleton, WI 54914

    Sponsored
    For Lease
    $4,800 /Mo ($12 SF/Yr)

    Class A Office Space, Multiple Sizes

    Lot size:
    4,672 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    403
    This exceptional Class A office building, located at 842 N Westhill Blvd in Appleton, WI 54914, offers a variety of professional office spaces for lease. Situated on a 0.854-acre lot and conveniently located near Wisconsin Ave and Interstate 41, this prime location provides easy access for clients and employees. The building, constructed in 1996, boasts 4,672 square feet across two stories and includes seven individual suites. Space options range from a minimum of 110 square feet to a maximum contiguous space of 448 square feet, catering to businesses of various sizes. The property is zoned commercial and is ideal for medical, executive, or creative office uses. Ample parking is available for tenants and visitors. While the building does not feature elevators, its two-story design ensures convenient access to all suites. This is a fantastic opportunity to establish your business in a thriving, well-connected area of Outagamie County. The property's excellent location and flexible suite sizes make it an attractive option for a wide range of professional businesses. Inquire today to learn more about available suites and lease terms.

    Property Features for 842 Westhill Blvd

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,672 SF
    Class
    A
    Total Rate
    4800

    Building Details

    Year Built
    1996
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Lower Level 1
    Size
    120 SF
    Rate per SF
    $4,800
    Space
    Main Floor Office 1
    Size
    110 SF
    Rate per SF
    $7,800
    Space
    Main Floor Office 2
    Size
    110 SF
    Rate per SF
    $7,800
    Space
    Lower Level 3
    Size
    208 SF
    Rate per SF
    $7,800
    Space
    3 lower level offices
    Size
    448 SF
    Rate per SF
    $17,400
    Space
    Lower Level 2
    Size
    120 SF
    Rate per SF
    $4,800
    Space
    Main Floor Office 3
    Size
    187 SF
    Rate per SF
    $9,300

    We can help!

    Listing Contact
    Jim Bunjovac
    Jim Bunjovac

    Learn more

    Property Insight Report
    Property Profile Location Intelligence

    Current Use by Public Records

    Unknotted Therapeutic Massage Massage Therapist Resolve Massage Therapy Massage Therapist All American Allergy ... Medical Clinic Adam Debruin Pharmacy Demeter spascapes Massage Therapist

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Appleton
    County
    Outagamie
    State
    Wisconsin
    Longitude
    -88.4606376
    Latitude
    44.2689827

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    FAQs

    What type of property is this?
    Office space - Class A Office Space, Multiple Sizes
    Where is this office space located?
    The property is located at 842 Westhill Blvd Appleton, WI.
    What is the lease rate?
    The lease rate is $4,800-$17,400 SF/Yr.
    Request Owner's contact information
    842 Westhill Blvd Appleton, WI 54914
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    Appleton, WI 54914
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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.

    More about this property
    842 Westhill Blvd Appleton, WI 54914
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    We can help!
    Listing Contact
    Jim Bunjovac
    Jim Bunjovac
    Real Estate License ID: WI 77204-94
    Learn more
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