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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Drive through restaurants
2020 Northland Ave Appleton, WI 54911-8762
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US92-0156942
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1988
Total area
4,868 SF
Lot
1.42 ac (61,903 SF)
Zoning code
C2
APN
31-1-6640-10
UPID
US92-0156942
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
Current use
Occupant on record · Public records
-
Burger King Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$550k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$553k
Blend (final)
Blend
$555k
Owner & transaction history
Capra Wi Properties LLC · 4 yrs held
Capra Wi Properties LLC
since 2022
4 recorded transactions
Zoning & alternative use
C2 · Appleton, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$680,000
+94.4%
Office building
$630,000
+80.5%
Warehouse, storage
$540,000
+54.4%
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
by Request
ML approach
$550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$350,000
Current use
AUTO REPAIR, GARAGE
$680,000
Change: +94% · Conversion: Difficult
OFFICE BUILDING
$630,000
Change: +81% · Conversion: Moderate
WAREHOUSE, STORAGE
$540,000
Change: +54% · Conversion: Difficult
COMMERCIAL (GENERAL)
$460,000
Change: +32% · Conversion: Easy
RETAIL STORES
$375,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$555k
Range $500k – $611k · ±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
$114 / 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
$16,325
Tax year 2023
Assessed value
$1,008,200
Assessed 2023
Previous assessed
$920,000
+9.6% YoY
Effective rate
1.62%
On assessed value
Assessed land
$529,300
Assessed improvement
$478,900
Land market value
$557,879
Improvement market value
$504,758
Total market value
$1,062,637
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1988
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
4,868 SF
Lot
1.42 ac (61,903 SF)
Zoning code
C2
APN
31-1-6640-10
UPID
US92-0156942
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
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$350,000
AUTO REPAIR, GARAGE
Est. value
$680,000
OFFICE BUILDING
Est. value
$630,000
WAREHOUSE, STORAGE
Est. value
$540,000
COMMERCIAL (GENERAL)
Est. value
$460,000
RETAIL STORES
Est. value
$375,000
RESTAURANT Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
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
1988
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.42 ac
Current owner
From public records · entity-resolved
Capra Wi Properties LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1624 W 18TH ST, CHICAGO, IL 60608-2836
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2022
$161,850
Capra Wi Properties LLC
John A Capra
Warranty Deed
—
Oct 2, 2015
$473,500
Capra,j A & D G Trust
Jps Nevada LLC
Grant Deed
—
Dec 23, 2014
$946,900
Jps Nevada LLC
Vik Real Estate Holding Co LLC
Grant Deed
—
—
—
Vk Real Estate Holding Co LLC
—
Loan Modification
related
$2,000,273 · Ccm Vk Wisconsin LLC
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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