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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1620 Koeller St Oshkosh, WI 54902-6166

    • Retail space
    • 12,060 SF
    • 1.54 lot acres
    OFF-MARKET
    Last Sale
    Dec 03, 2021
    $1,345,000
    Value Estimations
    $1,325,000
    Show details
    Cap Rate Potential
    9.4%
    Retail space
    Location Intelligence
    Property ID
    US92-0253898
    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

    • Harbor Freight Tools / Hardware Store / Tool Store

    Property Details for 1620 Koeller St

    Year built
    2000
    Lot size
    1.54 lot acres
    Property size
    12,060 SF
    Zone code
    SMU-PD
    Property type
    Retail space
    APN
    13-07440401
    APU
    1307440401

    Description

    Exceptional investment opportunity featuring a 12,060 square foot Harbor Freight Tools store in Oshkosh, Wisconsin. This single-tenant, net-lease property boasts a strong 6.55% cap rate and a substantial net operating income (NOI) of $91,641. Built in 2000 and renovated in 2011 to Harbor Freight's specifications, the building sits on a 1.54-acre lot with ample parking (35 spaces). The property features a brick facade and is strategically located in a high-traffic retail corridor, surrounded by national retailers such as Best Buy, McDonald's, Culver's, Target, and Five Below. The property benefits from a long-term lease with a credit-rated tenant, Harbor Freight, with a remaining lease term of approximately 1.9 years, followed by four 5-year options, each with a 5% rent increase. The property is zoned commercial and offers a significant return on investment for a discerning buyer. The location within Oshkosh, Wisconsin, provides access to a population exceeding 70,000 within a 5-mile radius. This Class B, single-story building presents a rare opportunity to acquire a stable, income-producing asset with a well-established tenant in a prime retail location. The property's strong financials, coupled with the long-term lease and favorable location, make it an attractive investment for those seeking a secure and profitable addition to their portfolio. The asking price is $1,399,800, translating to a price per square foot of $116.07.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,230,000
      ML approach
      $1,320,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,930,000
      6.5%
      $1,785,000
      7%
      $1,655,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,232,000
      Market price range: $431k - $1.23M
      AI Estimate
      $1,232,000
      Market price range: $363k - $1.23M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $785,000
      Current use
      RESTAURANT
      $1,570,000
      Change: +100% Conversion: Easy
      COMMERCIAL (GENERAL)
      $1,215,000
      Change: +55% Conversion: Easy
      OFFICE BUILDING
      $1,175,000
      Change: +50% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $1,100,000
      Change: +41% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Oshkosh
    County
    Winnebago
    State
    Wisconsin
    Longitude
    -88.5804
    Latitude
    44.0026
    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
    $33,476
    $354,000
    $773,400
    $1,127,400
    -
    $511,538
    $1,117,581
    $1,629,119

    Comparable in this City

    • Value Estimation
      $415,000
      11,800 SF

      1700 Ws Park Ave

      RETAIL STORES (PERSONAL SERVICES) • 11,800 SF
      1700 Ws Park Ave, Oshkosh, WI 54902-9208
      View Details
    • Value Estimation
      $635,000
      21,800 SF

      1226 Koeller St

      RETAIL STORES (PERSONAL SERVICES) • 21,800 SF
      1226 Koeller St, Oshkosh, WI 54902-6170
      View Details
    • Value Estimation
      $95,000
      2,392 SF

      1120 Oregon St

      RETAIL STORES (PERSONAL SERVICES) • 2,392 SF
      1120 Oregon St, Oshkosh, WI 54902-6459
      View Details
    • Value Estimation
      $330,000
      11,762 SF

      2840 Oregon St

      RETAIL STORES (PERSONAL SERVICES) • 11,762 SF
      2840 Oregon St, Oshkosh, WI 54902-7136
      View Details
    • Value Estimation
      $285,000
      2,080 SF

      909 Oregon St

      RETAIL STORES (PERSONAL SERVICES) • 2,080 SF
      909 Oregon St, Oshkosh, WI 54902-6454
      View Details
    • Value Estimation
      $680,000
      7,500 SF

      1950 Venture Dr

      RETAIL STORES (PERSONAL SERVICES) • 7,500 SF
      1950 Venture Dr, Oshkosh, WI 54902-6108
      View Details

    Similar Nearby for Sale

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      High-visibility shopping center in Oshkosh's premier retail area.
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    • Contact for pricing
      3 SF

      Former Restaurant with Drive-Thru

      Former restaurant with drive-thru available at Oshkosh Center.
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    Similar Nearby for Lease

    • $13 SF/Yr
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      Retail Space with Ample Parking

      Retail suites for rent with easy access and high visibility.
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    • $13 SF/Yr
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      Oshkosh Retail Space Available

      Prime Oshkosh retail/restaurant space.
      1910 Koeller St, Oshkosh, WI 54902
      View Details
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      Retail Space in High Traffic Center

      Retail property for lease in a high-traffic Oshkosh center.
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    • $12 SF/Yr
      12,500 SF

      Oshkosh Office Space For Rent

      Office space near downtown and UW Oshkosh with ample parking.
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      View Details
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    1620 Koeller St
    Oshkosh, WI 54902-6166
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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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