Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    1977 American Dr Neenah, WI 54956

    • Commercial real estate
    • 1.76 lot acres
    For Sale
    View listing
    $795,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-0265979
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Heling & Associates CPA's LLC / Accounting Firm
    • Alliance Insurance Centers / Insurance Agency
    • Zarter Matthew / Financial Planner
    • Platinum Wealth Management / Financial Planner

    Property Details for 1977 American Dr

    Lot size
    1.76 lot acres
    Property type
    Commercial real estate
    APN
    121-0249-03
    APU
    121024903

    Description

    This exceptional two-story, 9,690 square foot executive office building, located at 1977 American Drive in Neenah, Wisconsin, presents a compelling investment opportunity. The property boasts a highly desirable B-3 General Business District zoning, situated on a spacious 1.76-acre lot (APN 121024903). Currently operating at 100% occupancy with professional tenants, this Class B building offers a strong 8.00% capitalization rate, making it an attractive prospect for passive income generation. Approximately 1,700 square feet is owner-occupied, with the balance leased. The seller is open to relocating to accommodate a buyer seeking owner-occupancy. The building's strategic location provides excellent visibility from Interstate 41, with convenient access to Highway 10 and Interstate 41, ensuring high traffic and visibility. The asking price is $795,000, translating to $82.04 per square foot. This turnkey investment offers a rare combination of strong cash flow, prime location, and potential for future growth. The property consists of one building and is currently fully leased. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $255,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Neenah
    County
    Winnebago
    State
    Wisconsin
    Longitude
    -88.4688
    Latitude
    44.2279
    CBSA code
    36780
    CBSA name
    OSHKOSH-NEENAH, WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,912
    $75,700
    $420,400
    $496,100
    -
    $78,611
    $436,565
    $515,176

    Comparable in this City

    • Value Estimation by Request
      193,455 SF

      681 Green Bay Rd

      Retail properties • 193,455 SF
      681 Green Bay Rd, Neenah, WI 54956
      View Details
    • Value Estimation by Request

      765 Deerwood Ave

      Land
      765 Deerwood Ave, Neenah, WI 54956
      View Details
    • Value Estimation
      $330,000
      4.87 Acres

      440 Grn Bay Rd

      COMMERCIAL (GENERAL) • 4.87 Acres
      440 Grn Bay Rd, Neenah, WI 54956-1957
      View Details
    • Value Estimation
      $430,000
      9.40 Acres

      333 Grn Bay Rd

      COMMERCIAL (GENERAL) • 9.40 Acres
      333 Grn Bay Rd, Neenah, WI 54956-1954
      View Details
    • Value Estimation
      $275,000
      3.86 Acres

      2100 Holly Rd

      COMMERCIAL (GENERAL) • 3.86 Acres
      2100 Holly Rd, Neenah, WI 54956-1009
      View Details
    • Value Estimation
      $255,000
      4.90 Acres

      2300 Holly Rd

      COMMERCIAL (GENERAL) • 4.90 Acres
      2300 Holly Rd, Neenah, WI 54956-1011
      View Details

    Similar Nearby for Sale

    • $450,000
      1.01 Acres

      Neenah Commercial Land - Redevelopment

      1-Acre Development Site, Prime Location
      1286 Winneconne Ave, Neenah, WI 54956
      View Details
    • $200,000

      Prime Neenah Commercial Land

      1-Acre Business Lot, Ready to Build
      765 Deerwood Ave, Neenah, WI 54956
      View Details
    • $905,000
      78.69 Acres

      Prime Neenah Commercial Land

      78 Acres, Zoned A-2, $905,000
      1850 Dixie Rd, Neenah, WI 54956
      View Details
    • $525,900
      1,204 SF

      Neenah Auto Repair Business Opportunity

      Established Auto Repair Shop, High Traffic Area
      1108 Main St, Neenah, WI 54956
      View Details
    • $125,000
      618 SF

      Downtown Neenah Commercial Building

      Renovated, Riverfront, High Visibility
      642 Main St, Neenah, WI 54956
      View Details
    • $3,950,000
      57.64 Acres

      Neenah, WI Development Opportunity

      Prime 57-acre multifamily/commercial site.
      0 American Dr. & Irish Rd, Neenah, WI 54956
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      193,455 SF

      Spring Creek Center Retail Space

      Winnebago County retail space available.
      681 Green Bay Rd, Neenah, WI 54956
      View Details
    • Contact for pricing
      5,000 SF

      Prime Neenah Retail Space

      5,000 SF Retail Building, High Visibility
      699 Green Bay Rd, Neenah, WI 54956
      View Details
    • $21 SF/Yr
      5,060 SF

      Restaurant and Retail Space Available

      Restaurant and retail property for lease with ample parking.
      1111 Westowne Dr, Neenah, WI 54956
      View Details
    • $12 SF/Yr
      4,118 SF

      Downtown Neenah Office Space Available

      Office building in downtown Neenah with parking and signage.
      411 S Commercial St, Neenah, WI 54956
      View Details
    • $10 SF/Yr
      10,340 SF

      Neenah Retail Center - Prime Location

      10,340 SF Retail Space, 2,000 SF Available
      1370 Jacobsen Rd, Neenah, WI 54956
      View Details
    • Contact for pricing
      61,071 SF

      Prime Neenah Office Space

      Class A executive suites, 25,526 - 61,071 SF
      1451 Mcmahon Dr, Neenah, WI 54956
      View Details
    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.
    1977 American Dr
    Neenah, WI 54956
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.