1606 Mason St Appleton, WI 54914-2774
Entity Owned
2-yr Hold
Free & Clear
Estimated value (blended)
$1.86M
Range $1.67M – $2.05M (±10%)
Implied cap rate
9.60%
In-place · NOI ÷ last sale
Property ID
US92-0397050
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1967
Construction
FRAME
Total area
17,660 SF
Lot
0.7 ac (30,361 SF)
Zoning code
R3
APN
31-5-4125-00
UPID
US92-0397050
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.97M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.91M
Blend (final)
Blend
$1.86M
Owner & transaction history
since 2023
Last sale
$1.4M
5 recorded transactions
Zoning & alternative use
R3 · Appleton, WI
Top alternative use upside
Auto repair, garage
$2.5M
+45.9%
Retail stores
$2.4M
+44.5%
Office building
$2.3M
+37.2%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 5 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.86M
Value range
$1.67M – $2.05M
±10% around blend
Estimated value / SF
$105 / SF
Confidence
High
5 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
50
$1.67M
blend $1.86M
$2.05M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
17,660 SF
Lot area
0.7 ac
Year built
1967
Stories
2
APN
31-5-4125-00
Assessed value
$1,357,000
Annual tax
$21,993
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$714k
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
1.2 mi away · 18,000 SF
3.1 mi away · 18,654 SF
3.3 mi away · 18,048 SF
4.4 mi away · 13,786 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.86M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 57 sales
$96
+10%
Submarket 233 sales
$112
-6%
County 234 sales
$115
-9%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $105/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+46%
vs current-use indication
Retail Stores
Office Building
Warehouse, Storage
Commercial (general) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
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Overview
Implied cap rate
9.60%
Implied, in-place cap rate for this commercial real estate
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 9.60%
9.0%
NOI (est.)
$100k *
Last sale · Dec 2023
$1.43M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.04M
Move the market yield to see immediate price impact.
Value / SF
$59
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
9.10%9.60%10.10%
$90k
$991k
$939k
$893k
$100k
$1.10M
$1.04M
$992k
$110k
$1.21M
$1.15M
$1.09M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$1.00M
0.4 mi · Jan 2026 · $57/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$21,993
Tax year 2023
Assessed value
$1,357,000
Assessed 2023
Previous assessed
$828,800
+63.7% YoY
Effective rate
1.62%
On assessed value
Assessed land
$88,300
Assessed improvement
$1,268,700
Land market value
$93,068
Improvement market value
$1,337,202
Total market value
$1,430,270
Applied tax rate
201.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1967
Construction
FRAME
Heating
YES
Cooling
YES
Stories
2
Units
20
Rooms
5
Bathrooms
32
Total area
17,660 SF
Lot
0.7 ac (30,361 SF)
Zoning code
R3
APN
31-5-4125-00
UPID
US92-0397050
Jurisdiction
OUTAGAMIE
Zoning & alternative use
R3 · Appleton, WIZoning R3 · permitted uses
R3 · Appleton, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1967
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
2
Units
20
Rooms
5
Bathrooms
32
Lot
0.7 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
R3
Jurisdiction
Appleton, WI
Recorded code
R3
Ownership Intelligence
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Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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