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    Property profile & analytics

    1486 Kenwood Dr Menasha, WI 54952

    • Office buildings
    • 12,400 SF
    • 0.72 lot acres
    For Lease
    View listing
    $12 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-0921895
    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

    • FedEx Drop Box / Postal Service / Courier Service
    • Adult Care Consultants, Inc. / Crisis Center / Medical Clinic
    • Connecting Cultures Intrprtng / Translation Service
    • Vander Wielen Health & Wellness Diagnostic Center, LLC / Alternative Medicine Practice
    • Accu Clean Professional Services / General Contractor

    Property Details for 1486 Kenwood Dr

    Year built
    1985
    Lot size
    0.72 lot acres
    Property size
    12,400 SF
    Zone code
    C1
    Property type
    Office buildings
    APN
    4-00783-10
    APU
    40078310

    Description

    Midway Office Park, located at 1486 Kenwood Dr, Menasha, WI 54952, offers a diverse range of office spaces ideal for various business needs. This two-story office park, totaling 18,600 square feet, comprises five buildings and features multiple tenancy options. Seven individual suites are currently available, ranging in size from 720 to 2,980 square feet. The property is zoned commercial and situated in a convenient location within Winnebago County's Menasha submarket, close to Appleton Road. Its strategic location offers easy access to amenities such as the UW-Oshkosh at Fox Cities campus, Kwik Trip, Starbucks, and Piggly Wiggly. The park's design includes a variety of unique floor plans to accommodate diverse business requirements. While there are no elevators, the building's layout is designed for efficient use of space. The property is categorized as Traditional Office, Coworking, Medical Office, and Creative Office space, providing flexibility for a wide range of businesses. This well-located office park is surrounded by other multi-unit office properties, making it a desirable location for businesses seeking a thriving professional environment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Menasha
    County
    Winnebago
    State
    Wisconsin
    Longitude
    -88.4287
    Latitude
    44.2295
    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
    $9,829
    $94,500
    $307,800
    $402,300
    -
    $115,399
    $375,869
    $491,268

    Comparable in this City

    • Value Estimation
      $710,000
      8,656 SF

      1455 Midway Rd

      OFFICE BUILDING • 8,656 SF
      1455 Midway Rd, Menasha, WI 54952-1223
      View Details
    • Value Estimation
      $2,620,000
      55,633 SF

      150 Main St

      OFFICE BUILDING • 55,633 SF
      150 Main St, Menasha, WI 54952-3385
      View Details
    • Value Estimation by Request
      10,792 SF

      1367 Midway Rd

      OFFICE BUILDING • 10,792 SF
      1367 Midway Rd, Menasha, WI 54952-1129
      View Details
    • Value Estimation
      $695,000
      6,748 SF

      1428 Midway Rd

      OFFICE BUILDING • 6,748 SF
      1428 Midway Rd, Menasha, WI 54952-1224
      View Details
    • Value Estimation by Request
      3,876 SF

      851 Racine St

      OFFICE BUILDING • 3,876 SF
      851 Racine St, Menasha, WI 54952-2798
      View Details
    • Value Estimation by Request
      2,032 SF

      514 Racine St

      OFFICE BUILDING • 2,032 SF
      514 Racine St, Menasha, WI 54952-2339
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      350 SF

      Menasha Office Park Rental Opportunity

      Office spaces available in convenient Menasha location with ample parking.
      1477 Kenwood Dr, Menasha, WI 54952
      View Details
    • Contact for pricing
      1,450 SF

      Menasha Office Park Rental Opportunity

      Office spaces available in Menasha, WI, with flexible lease terms.
      1486 Kenwood Dr, Menasha, WI 54952
      View Details
    • $3,300 /Mo
      12,400 SF

      Midway Office Park: Menasha, WI

      Prime Office Space, Multiple Options
      1488 Kenwood Dr, Menasha, WI 54952
      View Details
    • $11 SF/Yr
      11,264 SF

      Midway Office Park: Menasha Office Space

      Prime Menasha office suites, various sizes available.
      1478 Kenwood Dr, Menasha, WI 54952
      View Details
    • Contact for pricing
      3,978 SF

      Menasha Office Space Available

      Office space for rent in Menasha, WI with ample parking.
      150 Main St, Menasha, WI 54952
      View Details
    • Contact for pricing
      550 SF

      Menasha Office Park Rental Opportunity

      Office space for rent in a convenient Menasha location.
      1488 Kenwood Dr, Menasha, WI 54952
      View Details
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    Menasha, WI 54952
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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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