2323 Capitol Dr Appleton, WI 54911-8314
Entity Owned
11-yr Hold
Free & Clear
Estimated value (blended)
$9.71M
Range $8.74M – $10.68M (±10%)
Property ID
US92-0653333
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1991
Total area
75,900 SF
Lot
6.18 ac (269,201 SF)
Zoning code
M1
APN
31-1-5328-00
UPID
US92-0653333
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
-
Insurance Agency
-
Insurance Agency
-
Insurance Agency
-
Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.83M
Comparable Approach
Comparable
$9.34M
Blend (final)
Blend
$9.71M
Owner & transaction history
since 2014
5 recorded transactions
Zoning & alternative use
M1 · Appleton, WI
Top alternative use upside
Auto repair, garage
$10.6M
+47.7%
Office building
$9.9M
+37.1%
Warehouse, storage
$8.4M
+17.3%
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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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
5 alternative uses screened
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
$9.71M
Value range
$8.74M – $10.68M
±10% around blend
Estimated value / SF
$128 / SF
Confidence
None
2 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
20
$8.74M
blend $9.71M
$10.68M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
75,900 SF
Lot area
6.18 ac
Year built
1991
Stories
3
APN
31-1-5328-00
Assessed value
$6,217,000
Annual tax
$100,970
3
Income approach: direct capitalization
Partial preview
Income approach indication
$11.83M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$12.81M
@ 6.5% CAP return
$11.83M
@ 7% CAP return
$10.98M
4
Sales comparison
Partial preview
Sales approach indication
$9.34M
Weighted, 0 comps · none confidence
Evidence
2 found
County-verified recorded sales
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$9.71M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 112 sales
$95
+35%
Submarket 233 sales
$112
+14%
County 234 sales
$115
+11%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $128/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+48%
vs current-use indication
Office Building
Warehouse, Storage
Commercial (general) · current use
Retail Stores
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
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 · 2 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$6.22M
Move the market yield to see immediate price impact.
Value / SF
$82
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%
$392k
$7.83M
$5.60M
$4.35M
$435k
$8.70M
$6.22M
$4.84M
$479k
$9.57M
$6.84M
$5.32M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
2 found
None confidence · county-verified
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$100,970
Tax year 2023
Assessed value
$6,217,000
Assessed 2023
Previous assessed
$6,575,800
-5.5% YoY
Effective rate
1.62%
On assessed value
Assessed land
$247,200
Assessed improvement
$5,969,800
Land market value
$260,547
Improvement market value
$6,292,132
Total market value
$6,552,679
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1991
Heating
HOT WATER
Cooling
YES
Stories
3
Total area
75,900 SF
Lot
6.18 ac (269,201 SF)
Zoning code
M1
APN
31-1-5328-00
UPID
US92-0653333
Jurisdiction
OUTAGAMIE
Zoning & alternative use
M1 · Appleton, WIZoning M1 · permitted uses
M1 · Appleton, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1991
Heating
HOT WATER
Cooling
Yes
Stories
3
Lot
6.18 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
M1
Jurisdiction
Appleton, WI
Recorded code
M1
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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