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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Turn key restaurants
1924 1st St Appleton, WI 54915-1833
Entity Owned
3-yr Hold
Free & Clear
Property ID
US92-0011488
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1972
Total area
2,731 SF
Lot
0.4 ac (17,450 SF)
Zoning code
C2
APN
31-4-0646-00
UPID
US92-0011488
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
$655k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$547k
Blend (final)
Blend
$580k
Owner & transaction history
Tam Acquisitions LLC · 3 yrs held
Tam Acquisitions LLC
since 2022
Last sale
$540,000
5 recorded transactions
Zoning & alternative use
C2 · Appleton, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Appleton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Appleton 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
$615,000
ML approach
$655,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$580k
Range $522k – $638k · ±10% · vs last sale $540k (Apr 1 2024)
Last sale anchor
$540k
Apr 1 2024
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
$212 / 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
$5,837
Tax year 2023
Assessed value
$362,800
Assessed 2023
Previous assessed
$358,100
+1.3% YoY
Effective rate
1.61%
On assessed value
Assessed land
$122,500
Assessed improvement
$240,300
Land market value
$129,114
Improvement market value
$253,275
Total market value
$382,389
Applied tax rate
201.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1972
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
2,731 SF
Lot
0.4 ac (17,450 SF)
Zoning code
C2
APN
31-4-0646-00
UPID
US92-0011488
Jurisdiction
OUTAGAMIE
Zoning & alternative use
C2 · Appleton, WIZoning C2 · permitted uses
C2 · Appleton, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1972
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.4 ac
Current owner
From public records · entity-resolved
Tam Acquisitions LLC
Entity
Free & Clear · 3 yrs held
Mailing address
2120 PEWAUKEE RD STE #101, WAUKESHA, WI 53188-2491
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2022
$480,000
Tam Acquisitions LLC
Frontier Wisconsin Holdings LLC
Special Warranty Deed
—
Oct 2, 2017
$90,000
City Of Appleton
Frontier Wisconsin Holdings Ll
Warranty Deed
—
Aug 20, 2008
$1,215,000
Frontier Wi Holdings LLC
Sovereign Ph LLC
Grant Deed
$4,200,000 · Liberty Bank & Trust Co
Sep 19, 2007
$1,207,400
Sovereign Ph LLC
Ph Real Estate Holdings LLC
Grant Deed
$200,000 · Bmo Capital Markets Corp
—
—
Frontier Wisconsin Holdings Ll
—
Deed Of Trust
related
$3,650,240 · Lake Forest Bk&tr
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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