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Property profile & analytics
OFF-MARKET
Estimated value
$830,000
Warehouses
128 Frst Ave Neenah, WI 54956
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US92-0257822
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1951
Total area
36,500 SF
Lot
1.05 ac (45,600 SF)
Zoning code
I2;GENERAL INDUSTRIAL
APN
03-0059-0000
UPID
US92-0257822
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
$705k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$958k
Blend (final)
Blend
$830k
Owner & transaction history
Progressive Paper Services LLC · 8 yrs held
Progressive Paper Services LLC
since 2018
2 recorded transactions
Zoning & alternative use
I2;GENERAL INDUSTRIAL · Neenah, WI
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 Neenah submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Neenah 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
by Request
ML approach
$705,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$830k
Range $747k – $913k · ±10%
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
$23 / 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
$16,742
Tax year 2023
Assessed value
$1,050,500
Assessed 2023
Previous assessed
$696,000
+50.9% YoY
Effective rate
1.59%
On assessed value
Assessed land
$137,000
Assessed improvement
$913,500
Land market value
$136,844
Improvement market value
$912,459
Total market value
$1,049,303
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1951
Heating
SPACE
Stories
1
Total area
36,500 SF
Lot
1.05 ac (45,600 SF)
Zoning code
I2;GENERAL INDUSTRIAL
APN
03-0059-0000
UPID
US92-0257822
Jurisdiction
WINNEBAGO
Zoning & alternative use
I2;GENERAL INDUSTRIAL · Neenah, WI
Zoning I2;GENERAL INDUSTRIAL · permitted uses
I2;GENERAL INDUSTRIAL · Neenah, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Neenah. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1951
Heating
SPACE
Stories
1
Lot
1.05 ac
Current owner
From public records · entity-resolved
Progressive Paper Services LLC
Entity
Mailing address
1846 COBBLESTONE CT, KAUKAUNA, WI 54130-3871
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2018
—
Progressive Paper Services LLC
—
Trustees Deed
related
$20,000 · Investors Cmnty Bk
—
—
Progressive Paper Services LLC
—
Loan Modification
related
$442,568 · Bmo Harris Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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