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    Property profile & analytics

    1148 Westowne Dr Neenah, WI 54956-2175

    • Retail space
    • 17,927 SF
    • 2.27 lot acres
    OFF-MARKET
    Value Estimations
    $1,510,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-0910144
    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

    • Fox Valley Hearing Center, Inc / Hearing Aid Store / Audiologist
    • Dr. Melissa Dintelman / Physician

    Property Details for 1148 Westowne Dr

    Year built
    2005
    Lot size
    2.27 lot acres
    Property size
    17,927 SF
    Zone code
    PDD;PLANNED DEV DISTRICT
    Property type
    Retail space
    APN
    07-1031-0000
    APU
    710310000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,543,000
      Market price range: $641k - $1.83M
      AI Estimate
      $1,311,000
      Market price range: $599k - $1.59M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,165,000
      Current use
      RESTAURANT
      $2,335,000
      Change: +100% Conversion: Easy
      OFFICE BUILDING
      $1,745,000
      Change: +50% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $1,640,000
      Change: +41% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,105,000
      Change: -5% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $990,000
      Change: -15% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Neenah
    County
    Winnebago
    State
    Wisconsin
    Longitude
    -88.4933
    Latitude
    44.1733
    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
    $27,127
    $572,500
    $1,127,500
    $1,700,000
    -
    $571,848
    $1,126,216
    $1,698,064

    Comparable in this City

    • Value Estimation
      $785,000
      9,470 SF

      904 Grn Bay Rd

      RETAIL STORES (PERSONAL SERVICES) • 9,470 SF
      904 Grn Bay Rd, Neenah, WI 54956-5149
      View Details
    • Value Estimation by Request
      3,182 SF

      965 Grn Bay Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,182 SF
      965 Grn Bay Rd, Neenah, WI 54956-3631
      View Details
    • Value Estimation by Request
      4,760 SF

      1011 Lk St

      RETAIL STORES (PERSONAL SERVICES) • 4,760 SF
      1011 Lk St, Neenah, WI 54956-3157
      View Details
    • Value Estimation by Request
      4,482 SF

      110 Byrd Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,482 SF
      110 Byrd Ave, Neenah, WI 54956-4033
      View Details
    • Value Estimation by Request
      8,525 SF

      104 Clybourn St

      RETAIL STORES (PERSONAL SERVICES) • 8,525 SF
      104 Clybourn St, Neenah, WI 54956-2614
      View Details
    • Value Estimation by Request
      9,198 SF

      500 Commercial St

      RETAIL STORES (PERSONAL SERVICES) • 9,198 SF
      500 Commercial St, Neenah, WI 54956-2623
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,764 SF

      Commercial Retail Building For Sale

      Commercial retail building with highway visibility and digital pylon sign.
      540 Shady Ln, Neenah, WI 54956
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    • $499,900

      Established Auto Service Repair Facility

      Two-bay auto service repair shop in high-traffic Neenah location.
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      7,532 SF

      Retail Property in Downtown Neenah

      Retail property with high visibility and large overhead door.
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    • $1,200,000
      5.00 Acres

      Income-Producing Parking Facility Opportunity

      5-acre lot with gated parking, high occupancy, and income.
      187 Rockwood Ln, Neenah, WI 54956
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      Neenah Industrial Development Opportunity

      Historic landing strip designated for future industrial development.
      1475 Green Valley Rd, Neenah, WI 54956
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    • Contact for pricing
      18,000 SF

      Adaptable Flex Space For Sale

      Modern construction, flexible design, excellent visibility, and ample parking.
      1005 W American Dr, Neenah, WI 54956
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    Similar Nearby for Lease

    • Contact for pricing
      2,489 SF

      Retail Space in Westowne Village

      Retail or professional space with excellent highway access and parking.
      1148-1166 Westowne Dr, Neenah, WI 54956
      View Details
    • Contact for pricing
      171,121 SF

      Fox Point Plaza Retail Space

      Neenah, WI Storefronts Available
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    • Contact for pricing
      193,455 SF

      Spring Creek Center Retail Space

      Winnebago County retail space available.
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      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
    • $10 SF/Yr
      10,340 SF

      Neenah Retail Center - Prime Location

      10,340 SF Retail Space, 2,000 SF Available
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      View Details
    • Contact for pricing
      16,884 SF

      1126 S. Commercial St

      Neighborhood centers • 16,884 SF
      1126 Commercial St, Neenah, WI 54956
      View Details
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    Neenah, WI 54956-2175
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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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