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Property profile & analytics
OFF-MARKET
Estimated value
$9,710,000
Investment properties
2323 Capitol Dr, Appleton, WI 54911-8314
Entity Owned
11-yr Hold
Free & Clear
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Kevin Collins at Comparion Insurance Agency Insurance Agency
-
Comparion Insurance Agency Insurance Agency
-
Dennis Lessor at Comparion Insurance Agency Insurance Agency
-
Stuart Ninabuck at Comparion Insurance Agency Insurance Agency
-
Andrew Nienas at Comparion 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
East Capitol Realty LLC · 11 yrs held
East Capitol Realty LLC
since 2014
5 recorded transactions
Zoning & alternative use
M1 · Appleton, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$10.6M
+47.7%
Office building
$9.9M
+37.1%
Warehouse, storage
$8.4M
+17.3%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$12,810,000
6.5%
$11,825,000
7%
$10,980,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$7,185,000
Current use
AUTO REPAIR, GARAGE
$10,610,000
Change: +48% · Conversion: Difficult
OFFICE BUILDING
$9,850,000
Change: +37% · Conversion: Easy
WAREHOUSE, STORAGE
$8,425,000
Change: +17% · Conversion: Difficult
RETAIL STORES
$5,880,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$9.71M
Range $8.74M – $10.68M · ±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
$128 / 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
$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
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
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, WI
Zoning M1 · permitted uses
M1 · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$7.2M
AUTO REPAIR, GARAGE
Est. value
$10.6M
OFFICE BUILDING
Est. value
$9.9M
WAREHOUSE, STORAGE
Est. value
$8.4M
RETAIL STORES
Est. value
$5.9M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1991
Heating
HOT WATER
Cooling
Yes
Stories
3
Lot
6.18 ac
Current owner
From public records · entity-resolved
East Capitol Realty LLC
Entity
Free & Clear · 11 yrs held
Mailing address
2323 E CAPITOL DR, APPLETON, WI 54911-8314
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2017
—
East Capitol Realty LLC
—
Deed
related
$6,599,900 · Tri Cty Nat'l Bk
May 24, 2016
—
East Capitol Realty LLC
—
Deed
related
$12,000,000 · Firstmerit Bk
Dec 29, 2014
$5,819,400
East Capitol Realty LLC
2323 East Capitol LLC
Warranty Deed
—
—
—
East Capitol Realty LLC
—
Loan Modification
related
$12,000,000 · Firstmerit Bk
—
—
East Capitol Realty LLC
—
Deed Of Trust
related
$6,599,900 · Tri Cty Nat'l Bk
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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