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Property profile & analytics
OFF-MARKET
Estimated value
$1,335,000
Warehouses
1801 Bud Dr Menasha, WI 54952-1074
Entity Owned
Free & Clear
Property ID
US92-0578036
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1981
Total area
14,840 SF
Lot
23.64 ac (1,029,846 SF)
Zoning code
I1
APN
4-00761-06
UPID
US92-0578036
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.34M
Blend (final)
Blend
$1.34M
Owner & transaction history
Winnebago County Highway Department
Winnebago County Highway Department
since 2025
1 recorded transaction
Zoning & alternative use
I1 · Menasha, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of I1 district is to provide for permitted uses such as Manufacture, assembly, compounding, processing and packaging of goods, materials and products (excluding automotive wrecking and junk yards), Printing, publishing and engraving, Research, laboratory and testing facilities etc.
Zone name
Heavy Industrial
General category
INDUSTRIAL
Zone area
366.39 ac
Source
Realmo
Top alternative use upside
Restaurant
$1.7M
+102.6%
Auto repair, garage
$1.3M
+61.9%
Office building
$995,000
+21.6%
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 Menasha submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Menasha 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$820,000
Current use
RESTAURANT
$1,655,000
Change: +103% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,325,000
Change: +62% · Conversion: Easy
OFFICE BUILDING
$995,000
Change: +22% · Conversion: Difficult
RETAIL STORES
$950,000
Change: +16% · Conversion: Moderate
Blend value · Realmo final
$1.34M
Range $1.20M – $1.47M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$90 / SF
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
$125,598
Tax year 2023
Assessed value
$5,095,300
Assessed 2023
Previous assessed
$442,900
+1,050.4% YoY
Effective rate
2.46%
On assessed value
Assessed land
$1,030,000
Assessed improvement
$4,065,300
Land market value
$5,031,136
Improvement market value
$4,964,339
Total market value
$9,995,475
Applied tax rate
251.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1981
Heating
SPACE
Buildings
2
Stories
1
Total area
14,840 SF
Lot
23.64 ac (1,029,846 SF)
Zoning code
I1
APN
4-00761-06
UPID
US92-0578036
Jurisdiction
WINNEBAGO
Zoning & alternative use
I1 · Menasha, WIZoning I1 · permitted uses
I1 · Menasha, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of I1 district is to provide for permitted uses such as Manufacture, assembly, compounding, processing and packaging of goods, materials and products (excluding automotive wrecking and junk yards), Printing, publishing and engraving, Research, laboratory and testing facilities etc.
Zone name
Heavy Industrial
General category
INDUSTRIAL
Zone area
366.39 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$820,000
RESTAURANT
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.3M
OFFICE BUILDING
Est. value
$995,000
RETAIL STORES
Est. value
$950,000
WAREHOUSE, STORAGE Current
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1981
Heating
SPACE
Stories
1
Buildings
2
Lot
23.64 ac
Current owner
From public records · entity-resolved
Winnebago County Highway Department
Entity
Free & Clear · 0 yrs held
Mailing address
1471 MCMAHON RD, NEENAH, WI 54956-6305
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 4, 2025
$13,250
Winnebago County Highway Department
Sunshine Real Estate LLP
Deed
—
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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