2109 Capitol Dr A Appleton, WI 54911-8726
Entity Owned
~
Est. High Equity
Estimated value (blended)
$1.03M
Range $923k – $1.13M (±10%)
Property ID
US92-0582072
Property summary
AI-generated overview
This exceptional commercial property, located at 2109 E Capitol Dr in Appleton, WI 54911, presents a compelling investment opportunity. The property encompasses two Class A office buildings totaling 15,751 net rentable square feet, situated on a 1.07-acre lot within the C-2 General Commercial District. Building A offers 7,767 square feet, while Building B provides 7,984 square feet. Currently 100% occupied with three tenants, the property boasts a strong net operating income (NOI) of $223,008 and a 9.67% cap rate. The asking price is $2,305,000. Built in 2001 and 2003, the buildings feature modern infrastructure and energy-efficient systems. The existing leases are NNN, with a remaining term of approximately two years, and include rent bumps. Lease options include two three-year renewal terms. The property's prime location near the Northeast Business Park in Outagamie County offers excellent visibility and accessibility. This is an ideal investment for those seeking a stable, high-performing commercial property with significant upside potential. The property's zoning allows for a wide range of uses, attracting diverse businesses. Recent lease renewals in 2022 and 2023 demonstrate tenant satisfaction and market demand.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2001
Total area
7,894 SF
Lot
1.7 ac (74,148 SF)
Zoning code
C2
APN
31-1-6640-06
UPID
US92-0582072
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Insurance Agency
-
Financial Advisor
-
Financial Advisor
-
Financial Advisor
-
Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.03M
Owner & transaction history
since 2026
Last sale
$2.3M
6 recorded transactions
Zoning & alternative use
C2 · Appleton, WI
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 9 comparables with addresses
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.03M
Value range
$923k – $1.13M
±10% around blend
Estimated value / SF
$130 / SF
Confidence
High
9 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
90
$923k
blend $1.03M
$1.13M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
7,894 SF
Lot area
1.7 ac
Year built
2001
Stories
1
APN
31-1-6640-06
Assessed value
$2,102,000
Annual tax
$34,100
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$918k
Weighted, 9 comps · high confidence
Evidence
9 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
0.5 mi away · 5,886 SF
0.5 mi away · 6,128 SF
2.2 mi away · 7,512 SF
2.3 mi away · 5,922 SF
2.5 mi away · 6,440 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.03M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 112 sales
$95
+37%
Submarket 233 sales
$112
+16%
County 234 sales
$115
+13%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $130/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 9 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.25M
Move the market yield to see immediate price impact.
Value / SF
$285
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$142k
$2.84M
$2.03M
$1.58M
$158k
$3.15M
$2.25M
$1.75M
$173k
$3.47M
$2.47M
$1.93M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
9 found
High confidence · county-verified
Closest comparable
$1.09M
0.3 mi · Feb 2026 · $145/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$34,100
Tax year 2023
Assessed value
$2,102,000
Assessed 2023
Previous assessed
$2,102,000
+0.0% YoY
Effective rate
1.62%
On assessed value
Assessed land
$407,800
Assessed improvement
$1,694,200
Land market value
$429,819
Improvement market value
$1,785,676
Total market value
$2,215,495
Applied tax rate
201.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2001
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
7,894 SF
Lot
1.7 ac (74,148 SF)
Zoning code
C2
APN
31-1-6640-06
UPID
US92-0582072
Jurisdiction
OUTAGAMIE
Zoning & alternative use
C2 · Appleton, WIZoning C2 · permitted uses
C2 · Appleton, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
2001
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.7 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C2
Jurisdiction
Appleton, WI
Recorded code
C2
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Owner identityResolved entity and name variants
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Debt & historyRecorded loans and transaction history
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