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    122 206 Appleton, WI 54911

    For Sale
    $3,600,000

    Class A Office, High NOI, 8% Cap Rate

    Property size:
    31,878 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional Class A office condominium, located in the heart of downtown Appleton, Wisconsin, presents a compelling investment opportunity. Boasting 31,878 square feet across four units (Units 202, 204, 205, and 206 at 122 E College Ave, 54911), this property offers a strong 8.00% cap rate and a substantial net operating income (NOI) of $286,478. The asking price is $3,600,000, translating to $112.93 per square foot. Built in 1970 and extensively renovated in 2022, the building features high-quality interior finishes, private offices, open workspaces, one passenger elevator, one freight elevator, and two enclosed truck doors. Ample parking is available with 1,200 spaces. The current lease term runs from January 1, 2023, to December 31, 2028, with options to renew for periods of two to five years. The tenant invested significantly in tenant improvements during the 2022 renovation. This property benefits from its prime location in a thriving downtown area, close to the Fox Cities Exhibition Center and Fox Cities Performing Arts Center, and a robust residential sector with over 450 new units added in the last three years. The property is zoned for commercial use. This is a rare opportunity to acquire a high-quality, income-producing asset in a dynamic and growing market.

    Property Features for 122 206

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    31,878 SF
    Class
    A

    Building Details

    Year Built/Renovated
    1970/2022
    Buildings
    1
    Units
    4

    HighLights

    • $3,600,000 asking price for a Class A, multi‑tenant office condo in downtown Appleton, WI.
    • 31,878 square feet with a $112.93 price per square foot.
    • 8.00% cap rate and $286,478 net operating income (NOI).
    • Four units in a single building, constructed in 1970 and renovated in 2022.
    • 1,200 parking spaces and Commercial zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Appleton
    County
    Outagamie
    State
    Wisconsin
    Longitude
    -88.404401268614
    Latitude
    44.261777070771

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    FAQs

    What type of property is this?
    Office Property / Space - Class A Office, High NOI, 8% Cap Rate
    Where is this office property / space located?
    The property is located at 122 206 Appleton, WI.
    What is the asking price?
    The asking price for this property is $3,600,000.
    What are key features of this property?
    This property features: $3,600,000 asking price for a Class A, multi-tenant office condo in downtown Appleton, WI.; 31,878 square feet with a $112.93 price per square foot.; 8.00% cap rate and $286,478 net operating income (NOI).
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    Appleton, WI 54911
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    Realmo Value Estimation

    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.

    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.

    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
    122 206 Appleton, WI 54911
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