Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2171 Wisconsin Ave Appleton, WI 54914-3116

    • Retail space
    • 5,092 SF
    • 0.74 lot acres
    OFF-MARKET
    Last Sale
    Jul 01, 2020
    $450,000
    Value Estimations
    $595,000
    Show details
    Cap Rate Potential
    9.6%
    Retail space
    Location Intelligence
    Property ID
    US92-0497168
    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

    • Alegria Mexicana / Bakery / Specialty Food Shop

    Property Details for 2171 Wisconsin Ave

    Year built
    1983
    Lot size
    0.74 lot acres
    Property size
    5,092 SF
    Property type
    Retail space
    APN
    10-2-2409-02
    APU
    102240902

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $685,000
      ML approach
      $650,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $821,000
      Market price range: $456k - $1.10M
      AI Estimate
      $526,000
      Market price range: $199k - $746k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $705,000
      Current use
      RESTAURANT
      $955,000
      Change: +35% Conversion: Easy
      AUTO REPAIR, GARAGE
      $710,000
      Change: +1% Conversion: Difficult
      OFFICE BUILDING
      $670,000
      Change: -5% Conversion: Easy
      WAREHOUSE, STORAGE
      $615,000
      Change: -13% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Appleton
    County
    Outagamie
    State
    Wisconsin
    Longitude
    -88.4408
    Latitude
    44.2729
    CBSA code
    11540
    CBSA name
    APPLETON, 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
    $8,169
    $258,600
    $205,600
    $464,200
    -
    $335,300
    $266,580
    $601,880

    Comparable in this City

    • Value Estimation
      $4,700,000
      30,130 SF

      650 Westland Dr

      RETAIL STORES (PERSONAL SERVICES) • 30,130 SF
      650 Westland Dr, Appleton, WI 54914-8854
      View Details
    • Value Estimation
      $4,075,000
      27,535 SF

      1000 Wisconsin Ave

      RETAIL STORES (PERSONAL SERVICES) • 27,535 SF
      1000 Wisconsin Ave, Appleton, WI 54914-3552
      View Details
    • Value Estimation by Request
      4,808 SF

      3121 Spencer St

      RETAIL STORES (PERSONAL SERVICES) • 4,808 SF
      3121 Spencer St, Appleton, WI 54914-2736
      View Details
    • Value Estimation
      $1,140,000
      3,816 SF

      3600 College Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,816 SF
      3600 College Ave, Appleton, WI 54914-3914
      View Details
    • Value Estimation
      $900,000
      6,632 SF

      3303 College Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,632 SF
      3303 College Ave, Appleton, WI 54914-3902
      View Details
    • Value Estimation by Request
      6,464 SF

      1131 Badger Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,464 SF
      1131 Badger Ave, Appleton, WI 54914-3249
      View Details

    Similar Nearby for Sale

    • $825,000

      Versatile Commercial Building on High-Traffic Street

      11,000+ sq ft commercial building with high visibility and accessibility.
      2415 N Richmond St, Appleton, WI 54914
      View Details
    • Contact for pricing
      200,700 SF

      Retail Development Near Fox River Mall

      New retail development adjacent to regional shopping destination.
      3800 W Wisconsin Ave, Appleton, WI 54914
      View Details
    • Contact for pricing
      115 SF

      Retail Spaces in Grand Chute

      Retail spaces available in Grand Chute, Wisconsin.
      613-697 N Westhill Blvd, Appleton, WI 54914
      View Details
    • $2,980,000
      28,000 SF

      Prime Appleton Retail Center

      High-Visibility Retail Space, 28,000 SF
      535 Westhill Blvd, Appleton, WI 54914
      View Details
    • Contact for pricing
      113,111 SF

      Northland Avenue Retail Center

      Prime Appleton Retail Space - 113,111 SF
      1000 Northland Ave, Appleton, WI 54914
      View Details
    • $2,500,000
      21,500 SF

      Appleton Retail Center For Sale

      Retail center with high visibility and ample parking.
      4040-4090 W Spencer St, Appleton, WI 54914
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      1,400 SF

      Prime Retail Space in Appleton

      High-visibility retail space with ample parking and excellent exposure.
      4876-4898 W Lawrence St, Appleton, WI 54914
      View Details
    • $14 SF/Yr
      1,703 SF

      Corner Suite Retail/Office Space

      Retail/office space with high traffic, signage, and parking.
      2107-2277 W Spencer St, Appleton, WI 54914
      View Details
    • Contact for pricing
      27,520 SF

      Prime Appleton Retail Outparcel

      27,520 SF Retail Space - I-41 Access
      535 Westhill Blvd, Appleton, WI 54914
      View Details
    • $10 SF/Yr
      10,306 SF

      Retail Space in Appleton

      Retail space available in Mayflower Crossing, Appleton, WI.
      1170-1220 N Mayflower Dr, Appleton, WI 54914
      View Details
    • $13 SF/Yr
      30,031 SF

      Appleton Retail Strip Center

      Prime Appleton location, 950 sq ft available.
      2400 Nordale Dr, Appleton, WI 54914
      View Details
    • Contact for pricing
      200,700 SF

      Center Valley Retail Space Appleton, WI

      Prime Appleton retail space, multiple suites available.
      3800 Wisconsin Ave, Appleton, WI 54914
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2171 Wisconsin Ave
    Appleton, WI 54914-3116
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!