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Property profile & analytics
OFF-MARKET
Estimated value
$16,680,000
Grocery and convenience stores
1200 Northland Ave Appleton, WI 54914-1415
Entity Owned
3-yr Hold
Free & Clear
Property ID
US92-0560451
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1981
Total area
83,926 SF
Lot
7.35 ac (320,279 SF)
Zoning code
C2
APN
31-5-9494-10
UPID
US92-0560451
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
Current use
Occupant on record · Public records
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Caribou Coffee Cafe & Coffee Shop
-
Festival Foods Grocery & Convenience Store Food Market
-
Coinstar Kiosk | Bitcoin ATM Atm Currency Exchange Service
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$12.45M
CAP Approach
CAP
$16.69M
Comparable Approach
Comparable
$16.70M
Blend (final)
Blend
$16.68M
Owner & transaction history
Cadet 23 LLC · 3 yrs held
Cadet 23 LLC
since 2023
Last sale
$16.7M
7 recorded transactions
Zoning & alternative use
C2 · Appleton, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$15.7M
+35.5%
Auto repair, garage
$11.7M
+1.0%
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)
Refine in 60 seconds, get exact suggested price
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
$21,680,000
ML approach
$12,445,000
CAP Approach
CAP Return
Estimation
6%
$18,080,000
6.5%
$16,690,000
7%
$15,500,000
Alternative Use
Use
Estimation
RETAIL STORES
$11,620,000
Current use
RESTAURANT
$15,740,000
Change: +35% · Conversion: Easy
AUTO REPAIR, GARAGE
$11,730,000
Change: +1% · Conversion: Difficult
OFFICE BUILDING
$11,025,000
Change: -5% · Conversion: Easy
WAREHOUSE, STORAGE
$10,140,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$16.68M
Range $15.01M – $18.35M · ±10% · vs last sale $16.66M (May 30 2023)
Last sale anchor
$16.66M
May 30 2023
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
$199 / 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
$153,342
Tax year 2023
Assessed value
$9,439,800
Assessed 2023
Previous assessed
$5,623,100
+67.9% YoY
Effective rate
1.62%
On assessed value
Assessed land
$1,201,000
Assessed improvement
$8,238,800
Land market value
$1,265,847
Improvement market value
$8,683,644
Total market value
$9,949,491
Applied tax rate
201.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1981
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
83,926 SF
Lot
7.35 ac (320,279 SF)
Zoning code
C2
APN
31-5-9494-10
UPID
US92-0560451
Jurisdiction
OUTAGAMIE
Zoning & alternative use
C2 · Appleton, WI
Zoning C2 · permitted uses
C2 · Appleton, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Appleton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$11.6M
RESTAURANT
Est. value
$15.7M
AUTO REPAIR, GARAGE
Est. value
$11.7M
OFFICE BUILDING
Est. value
$11.0M
WAREHOUSE, STORAGE
Est. value
$10.1M
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1981
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
7.35 ac
Current owner
From public records · entity-resolved
Cadet 23 LLC
Entity
Free & Clear · 3 yrs held
Mailing address
902 CARNEGIE CTR BLVD STE 520TH PRINCETON 8540
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 30, 2023
$16,659,000
Cadet 23 LLC
Albertfest Holdings LLC
Special Warranty Deed
—
Nov 11, 2019
—
Albertfest Holdings LLC
—
Deed
related
—
Jan 25, 2016
$4,900
City Of Appleton
Albertfest Holdings LLC
Warranty Deed
related
—
Mar 13, 2007
$1,700,000
Albertfest Holdings LLC
Supervalu Holdings INC
Grant Deed
—
Mar 13, 2007
$2,367,200
Supervalu Holdings INC
Supervalu INC
Quit Claim Deed
related
—
Feb 1, 2007
—
Supervalu Holdings INC
Shopko Stores Operating Co LLC
Quit Claim Deed
related
—
—
—
Albertfest Holdings LLC
—
Deed Of Trust
related
$7,281,000 · State Bk Fin'l
—
—
Albertfest Holdings LLC
—
Loan Modification
related
—
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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