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    1024 Olde 1st St Appleton, WI 54915-1355
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    Property profile & analytics

    1024 Olde 1st St, Appleton, WI 54915-1355

    View on Map
    • Retail space
    • 5,410 SF
    • 0.82 lot acres
    Off-Market
    Last Sale Apr 28, 2023
    $500,000
    Property ID
    US92-0783367
    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.
    Value Estimations
    $610,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 1024 Olde 1st St

    Year built
    1950
    Lot size
    0.82 lot acres
    Zone code
    C2
    Property type
    Retail space
    APN
    31-4-0399-00
    APU
    314039900

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 6, 2024 — Indigo Investments LLC — Deed · related $435k · Nicolet National Bank
    Apr 28, 2023 $500,000 Indigo Investments LLC Lulu Enterprises LLC Warranty Deed —
    Jan 5, 2017 $2,100 City Of Appleton Lulu Ents LLC Warranty Deed —
    Feb 28, 2008 $156,000 Lulu Ents LLC Garvey Garvey Garvey LLP Warranty Deed —
    — — Lulu Ents LLC — Deed Of Trust · related $157k · Bank First National
    — — Lulu Ents LLC — Deed Of Trust · related $103k · Bank First National
    — — Lulu Ents LLC — Deed Of Trust · related $275k · Bank First Nat'l

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $650,000
      ML approach
      $650,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $455,000
      Market price range: $204k - $650k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $775,000
      Current use
      RESTAURANT
      $1,015,000
      Change: +31% Conversion: Easy
      AUTO REPAIR, GARAGE
      $755,000
      Change: -2% Conversion: Difficult
      OFFICE BUILDING
      $700,000
      Change: -9% Conversion: Easy
      COMMERCIAL (GENERAL)
      $635,000
      Change: -18% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Appleton
    County
    Outagamie
    State
    Wisconsin
    Longitude
    -88.4035
    Latitude
    44.2528
    CBSA code
    11540
    CBSA name
    APPLETON, 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
    $8,555
    $59,000
    $441,000
    $500,000
    -
    $62,186
    $464,811
    $526,997

    Comparable in this City

    • Value Estimation
      $545,000
      12,440 SF

      231 Walter Ave, Unit 1

      RETAIL STORES (PERSONAL SERVICES)
      231 Walter Ave, Appleton, WI 54915-2765
      View Details
    • Value Estimation by Request
      1,130 SF

      221 Walter Ave, Unit 6

      RETAIL STORES (PERSONAL SERVICES)
      221 Walter Ave, Appleton, WI 54915-2765
      View Details
    • Value Estimation
      $1,150,000
      8,601 SF

      2700 Calumet St

      RETAIL STORES (PERSONAL SERVICES)
      2700 Calumet St, Appleton, WI 54915-4102
      View Details
    • Value Estimation
      $1,115,000
      7,360 SF

      3200 Calumet St

      RETAIL STORES (PERSONAL SERVICES)
      3200 Calumet St, Appleton, WI 54915-4129
      View Details
    • Value Estimation
      $1,220,000
      7,940 SF

      3420 Calumet St

      RETAIL STORES (PERSONAL SERVICES)
      3420 Calumet St, Appleton, WI 54915-4185
      View Details
    • Value Estimation by Request
      5,000 SF

      1234 Confidential

      Individual retail properties
      1234 Confidential, Appleton, WI 54915
      View Details

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      Retail property with value-add potential in established Appleton market.
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      100% leased retail property in thriving Appleton market.
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      Vacant Land in Retail Area

      Vacant commercial land with highway access and visibility.
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      Vacant commercial lot with utilities available for development.
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    Similar Nearby for Lease

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      2,450 SF

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      Retail space available with tenant improvement allowances and high traffic.
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      1,200 SF

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      Available retail suites with build-to-suit options and monument signage.
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      Retail Space on Corner Lot

      Highly visible retail space with build-out options and ample parking.
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      1,685 SF

      Retail Space Near Walmart

      Retail property with high visibility and strong market advantages.
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      View Details
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      New Retail Space Available

      New retail space for rent in Appleton, Wisconsin.
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      View Details
    • Contact for pricing

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      Multi-tenant retail and office center with river views.
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      View Details
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    Appleton, WI 54915-1355
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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
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