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
    Back to Search
    Property profile & analytics

    642 Main St Neenah, WI 54956

    • Commercial real estate
    • 618 SF
    • 0.36 lot acres
    For Sale
    View listing
    $125,000
    Last Sale
    Nov 28, 2024
    $100,000
    Value Estimations
    Cap Rate Potential
    5.5%
    Commercial real estate
    Location Intelligence
    Property ID
    US92-0918332
    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

    • Commercial real estate

    Property Details for 642 Main St

    Year built
    1977
    Lot size
    0.36 lot acres
    Property size
    618 SF
    Zone code
    C1;GENERAL COMMERCIAL
    Property type
    Commercial real estate
    APN
    04-0225-0100
    APU
    402250100

    Description

    This exceptional 618-square-foot commercial building at 642 Main Street in Neenah, Wisconsin presents a fantastic investment opportunity. Situated on a 0.36-acre lot, this free-standing structure boasts a prime location in the thriving downtown area, offering excellent visibility and accessibility. Recently renovated, the property features all-new electrical and a new panel, a new HVAC system (furnace and AC), fresh exterior paint, and updated flooring throughout. The interior layout is versatile and adaptable to a variety of commercial uses. Upon entering, you'll find a spacious reception/office/conference area to the left, and a smaller office space to the right. A large open room in the rear provides ample space for various configurations, complemented by a convenient half-bath. The property also includes a significant amount of on-site parking, a rare find in this desirable location. Its riverfront position adds to its unique appeal and potential. The motivated seller is eager to find the right buyer for this turnkey commercial property, making it an ideal opportunity for business owners seeking a move-in ready space or investors looking for a strong return. The asking price is $125,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $80,000
      ML approach
      $60,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $75,000
      6.5%
      $70,000
      7%
      $65,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $55,000
      Market price range: $28.3k - $55.5k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $60,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Neenah
    County
    Winnebago
    State
    Wisconsin
    Longitude
    -88.4748
    Latitude
    44.1884
    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
    $1,064
    $47,000
    $23,000
    $70,000
    -
    $46,946
    $22,973
    $69,919

    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
    • $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
    • $2,158,425
      95.93 Acres

      Neenah, WI Commercial Land - 96 Acres

      Prime 96-acre commercial development site. Near new high school.
      2603 Larsen Rd, Neenah, WI 54956
      View Details
    • $315,000
      2.52 Acres

      McMahon Business Park Land Sale

      Prime Neenah, WI commercial land: 2.52 acres.
      0 Mcmahon Business Park, Neenah, WI 54956
      View Details

    Similar Nearby for Lease

    • $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
    • Contact for pricing
      5,000 SF

      Prime Fox Cities Office Space

      New Build-to-Suit Office, Retail Options
      240 1St St, Neenah, WI 54956
      View Details
    • $9 SF/Yr
      12,000 SF

      Highway Accessible Warehouse Space

      Warehouse space with customizable plans and convenient highway access.
      2517 W American Dr, Neenah, WI 54956
      View Details
    • $6 SF/Yr
      3,790 SF

      Turnkey Office Space Available

      Office space with easy highway access, private offices, conference room.
      2065 American Dr, 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
    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.
    642 Main St
    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.