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Property profile & analytics
OFF-MARKET
Estimated value
$1,515,000
Turn key restaurants
1104 Mutual Way Appleton, WI 54913-8409
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US92-1007885
Property summary
AI-generated overview
This exceptional turnkey bar and restaurant opportunity, located at 1104 N Mutual Way in Appleton, Wisconsin, boasts 6,960 square feet and is priced at $1,200,000 ($172.41/sq ft). Built in 1993, the property includes all furniture, fixtures, and equipment, making it ready for immediate operation. Benefitting from high traffic counts and ample parking, this establishment enjoys a prime location in Outagamie County, near the bustling Fox River Mall and numerous national retailers including Walmart, Menards, Costco, and more. The property's strategic placement off W. Wisconsin Avenue/W. College Avenue and minutes from Interstate 41 ensures excellent visibility and accessibility. The 2023 real estate taxes were $19,554.42. Pylon signage is also included. This presents a unique chance to acquire a well-established business in a high-demand retail corridor. The zip code is 54913.
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1993
Total area
6,990 SF
Lot
1.25 ac (54,450 SF)
APN
10-1-1242-05
UPID
US92-1007885
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.78M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.70M
Blend (final)
Blend
$1.52M
Owner & transaction history
Katris Investments LLC · 1 yrs held
Katris Investments LLC
since 2025
Last sale
$1.3M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Appleton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Appleton submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
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T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,600,000
ML approach
$1,780,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.52M
Range $1.36M – $1.67M · ±10% · vs last sale $1.25M (Mar 31 2022)
Last sale anchor
$1.25M
Mar 31 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$217 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$19,554
Tax year 2023
Assessed value
$1,125,800
Assessed 2023
Previous assessed
$1,125,800
+0.0% YoY
Effective rate
1.74%
On assessed value
Assessed land
$606,400
Assessed improvement
$519,400
Land market value
$786,255
Improvement market value
$673,452
Total market value
$1,459,707
Applied tax rate
20.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1993
Heating
NONE
Total area
6,990 SF
Lot
1.25 ac (54,450 SF)
APN
10-1-1242-05
UPID
US92-1007885
Jurisdiction
OUTAGAMIE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1993
Heating
NONE
Lot
1.25 ac
Current owner
From public records · entity-resolved
Katris Investments LLC
Entity
Mailing address
220 CARLSON PKWY N, PLYMOUTH, MN 55447-4444
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 2025
$880,000
Katris Investments LLC
Elmwood Enterprises LLC
Warranty Deed
$1,085,000 · Ergo Bank
Mar 31, 2022
$1,250,000
Elmwood Enterprises LLC A Minnesota
Svcn 3 LLC A Delaware Limited Liabi
Warranty Deed
—
Jan 19, 2007
$2,100,000
Spirit Master Funding III LLC
Ge Capital Franchise Finance Corp
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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