Back to Search
Property profile & analytics
OFF-MARKET
Drive through restaurants
1405 Commercial St Neenah, WI 54956-4637
Individually Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US92-1234605
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2000
Total area
3,410 SF
Lot
0.98 ac (42,899 SF)
Zoning code
I1;PLANNED IND. PARK
APN
02-0637-0500
UPID
US92-1234605
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
-
Tom's Drive-In Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Grishaber Main Street Ptshp Ll · 6 yrs held
Grishaber Main Street Ptshp Ll
since 2020
6 recorded transactions
Zoning & alternative use
I1;PLANNED IND. PARK · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$9,674
Tax year 2023
Assessed value
$608,500
Assessed 2023
Previous assessed
$566,500
+7.4% YoY
Effective rate
1.59%
On assessed value
Assessed land
$171,500
Assessed improvement
$437,000
Land market value
$171,305
Improvement market value
$436,502
Total market value
$607,807
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2000
Heating
YES
Cooling
YES
Stories
1
Total area
3,410 SF
Lot
0.98 ac (42,899 SF)
Zoning code
I1;PLANNED IND. PARK
APN
02-0637-0500
UPID
US92-1234605
Jurisdiction
WINNEBAGO
Zoning & alternative use
I1;PLANNED IND. PARK · Neenah, WIZoning I1;PLANNED IND. PARK · permitted uses
I1;PLANNED IND. PARK · Neenah, WI
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
2000
Heating
YES
Cooling
Yes
Stories
1
Lot
0.98 ac
Current owner
From public records · entity-resolved
Grishaber Main Street Ptshp Ll
Individual
Mailing address
501 N WESTHILL BLVD, APPLETON, WI 54914-5780
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 16, 2020
—
Grishaber Main Street Ptshp Ll
—
Deed
related
$3,504,406 · First Busn Bk
Jul 3, 2018
—
Grishaber Main Street Ptshp Ll
—
Grant Deed
related
$3,200,000 · Peoples Bk
—
—
Grishaber Main Street Ptshp Ll
—
Deed Of Trust
related
$4,200,000 · Peoples Bk
—
—
Grishaber Main Street Ptshp Ll
—
Deed Of Trust
related
$3,000,000 · First National Bank Manitowoc
—
—
Grishaber Main Street Ptshp Ll
—
Deed Of Trust
related
$3,504,406 · First Busn Bk
—
—
Grishaber Main Street Ptshp Ll
—
Deed Of Trust
related
$500,000 · First Busn Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1405 Commercial St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
