Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1615 Drum Corps Dr Menasha, WI 54952-1298

    • Bars
    • 18,043 SF
    • 2.69 lot acres
    OFF-MARKET
    Value Estimations
    $325,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-3465426
    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

    • Bars

    Property Details for 1615 Drum Corps Dr

    Year built
    1975
    Lot size
    2.69 lot acres
    Property size
    18,043 SF
    Zone code
    C1
    Property type
    Bars
    Property subtype
    Pubs
    APN
    6-01665-00
    APU
    60166500

    Description

    This exceptional 2.693-acre commercial land parcel, identified by APN 760166500, presents a unique investment opportunity in the thriving Menasha, Wisconsin market. Zoned C-1 Commercial, this property offers significant potential for a variety of commercial ventures. Its strategic location provides convenient access to key transportation arteries, including Highway 441, ensuring excellent connectivity for businesses and employees. The site is situated just eight minutes from the vibrant downtown Appleton area, offering proximity to a diverse range of amenities and a robust workforce. Furthermore, the property benefits from its close proximity to established businesses such as Ultimate Fusion Athletics, Gerber Child Development Center, Kwik Trip, North Shore Bank, and the University of Wisconsin Oshkosh, creating a strong commercial ecosystem. Commuters will appreciate the convenient access to both regional and international airports

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $325,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Menasha
    County
    Winnebago
    State
    Wisconsin
    Longitude
    -88.4218
    Latitude
    44.2323
    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
    $4,342
    $176,000
    $0.00
    $176,000
    -
    $214,922
    $0.00
    $214,922

    Comparable in this City

    • Value Estimation
      $240,000
      1,337 SF

      23 Main St

      BAR, TAVERN • 1,337 SF
      23 Main St, Menasha, WI 54952-3148
      View Details
    • Value Estimation
      $300,000
      2,908 SF

      544 4th St

      BAR, TAVERN • 2,908 SF
      544 4th St, Menasha, WI 54952-2302
      View Details
    • Value Estimation
      $270,000
      3,312 SF

      977 Plank Rd

      BAR, TAVERN • 3,312 SF
      977 Plank Rd, Menasha, WI 54952-2937
      View Details
    • Value Estimation
      $280,000
      2,280 SF

      800 Plank Rd

      BAR, TAVERN • 2,280 SF
      800 Plank Rd, Menasha, WI 54952-2924
      View Details
    • Value Estimation
      $260,000
      2,688 SF

      600 Broad St

      BAR, TAVERN • 2,688 SF
      600 Broad St, Menasha, WI 54952-3124
      View Details
    • Value Estimation
      $335,000
      4,900 SF

      325 Broad St

      BAR, TAVERN • 4,900 SF
      325 Broad St, Menasha, WI 54952-3044
      View Details

    Similar Nearby for Sale

    • $449,000
      16,632 SF

      Menasha Redevelopment Opportunity on Main

      Three-story building in downtown Menasha with redevelopment potential.
      140 Main St, Menasha, WI 54952
      View Details
    • $99,000

      Menasha Land For Sale

      Commercial land with high traffic counts and great visibility.
      1829 Plank Rd, Menasha, WI 54952
      View Details
    • $40,000
      0.12 Acres

      Residential Land in Menasha, Wisconsin

      Residential land available in Menasha, Wisconsin.
      650 Milwaukee St, Menasha, WI 54952
      View Details
    • New
      $380,000
      2.37 Acres

      Prime Commercial Land Opportunity

      2.37 acre commercial parcel in Menasha, Wisconsin.
      1327 Province Ter, Menasha, WI 54952
      View Details
    • Contact for pricing
      3,528 SF

      Menasha Commercial Space For Lease

      High-visibility, 3,528 sq ft commercial building.
      W7293 Hwy, Menasha, WI 54952
      View Details
    • $57,000
      1.23 Acres

      Wooded Land Near Lake Winnebago

      1.23 acre wooded lot with utilities near Lake Winnebago.
      Firelane 6, Menasha, WI 54952
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      13,599 SF

      High-Visibility Menasha Outparcel

      Starbucks adjacent, 13,599 SF, high traffic.
      1578 Appleton Rd, Menasha, WI 54952
      View Details
    • Contact for pricing
      11,400 SF

      Racine Road Retail Opportunity

      Menasha, WI: Prime Retail Space Available
      0 Racine Rd, Menasha, WI 54952
      View Details
    • $18 SF/Yr
      12,600 SF

      Menasha Retail Strip Center Opportunity

      New Build-to-Suit Retail Space Available
      1324 Province Ter, Menasha, WI 54952
      View Details
    • $12 SF/Yr
      1,305 SF

      Retail Space in Luxury Building

      First floor retail space available in downtown Menasha.
      130 Main St, Menasha, WI 54952
      View Details
    • $12 SF/Yr
      2,587 SF

      Menasha Retail Space For Lease

      Prime storefront, 2,587 sq ft available.
      880 Oneida St, Menasha, WI 54952
      View Details
    • $4 SF/Yr
      81,171 SF

      Shopko Big Box Retail Space

      81,171 SF Retail Space for Lease
      1578 Appleton Rd, Menasha, WI 54952
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1615 Drum Corps Dr
    Menasha, WI 54952-1298
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.