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Property profile & analytics
FOR LEASE
Turn key restaurants
218 E College Ave Appleton, WI 54911
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US92-0829547
For Lease
1 / 3
$13 SF/Yr
218 E College Ave, Appleton, WI 54911
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1872
Total area
12,405 SF
Lot
0.12 ac (5,218 SF)
Zoning code
CBD
APN
31-2-0319-00
UPID
US92-0829547
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Usv 222 LLC · 2 yrs held
Usv 222 LLC
since 2024
Last sale
$11.5M
3 recorded transactions
Zoning & alternative use
CBD · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$8,845
Tax year 2023
Assessed value
$468,600
Assessed 2023
Previous assessed
$369,600
+26.8% YoY
Effective rate
1.89%
On assessed value
Assessed land
$120,100
Assessed improvement
$348,500
Land market value
$126,585
Improvement market value
$367,317
Total market value
$493,902
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
For Lease
Year built
1872
Heating
HOT WATER
Cooling
YES
Stories
2
Units
5
Total area
12,405 SF
Lot
0.12 ac (5,218 SF)
Zoning code
CBD
APN
31-2-0319-00
UPID
US92-0829547
Jurisdiction
OUTAGAMIE
Zoning & alternative use
CBD · Appleton, WI
Zoning CBD · permitted uses
CBD · Appleton, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Appleton. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1872
Heating
HOT WATER
Cooling
Yes
Stories
2
Units
5
Lot
0.12 ac
Current owner
From public records · entity-resolved
Usv 222 LLC
Entity
Mailing address
1024 E GLENDALE AVE, APPLETON, WI 54911-3143
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2024
—
Usv 222 LLC
222 Building LLC
Deed
related
$8,680,000 · Community First Cu
Apr 30, 2024
$11,500,000
Usv 222 LLC
222 Building LLC
Warranty Deed
$8,680,000 · Community First Cu
Jan 2, 2020
—
222 Building LLC
—
Grant Deed
related
$7,300,000 · Community First FCU
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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