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Property profile & analytics
OFF-MARKET
Estimated value
$9,095,000
Outlet malls
2400 Wisconsin Ave Appleton, WI 54914-3109
Individually Owned
5-yr Hold
Free & Clear
Property ID
US92-0997398
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1995
Total area
79,711 SF
Lot
9.07 ac (395,089 SF)
APN
10-1-1000-00
UPID
US92-0997398
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
-
Pick 'n Save Pharmacy Pharmacy
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Primo Water Refill Big Box & Wholesale Store
-
Pick 'n Save Grocery & Convenience Store Food Market
-
Coinstar Kiosk | Bitcoin ATM Currency Exchange Service Kiosk
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.02M
Blend (final)
Blend
$9.10M
Owner & transaction history
Net Leased Portfolio 39 Dst Exchangerig · 5 yrs held
Net Leased Portfolio 39 Dst Exchangerig
since 2020
Last sale
$8.1M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$15.0M
+35.5%
Auto repair, garage
$11.1M
+1.0%
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
$12,385,000
ML approach
$11,095,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$11,035,000
Current use
RESTAURANT
$14,950,000
Change: +35% · Conversion: Easy
AUTO REPAIR, GARAGE
$11,140,000
Change: +1% · Conversion: Difficult
OFFICE BUILDING
$10,475,000
Change: -5% · Conversion: Easy
WAREHOUSE, STORAGE
$9,630,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$9.10M
Range $8.19M – $10.00M · ±10% · vs last sale $8.15M (Sep 14 2020)
Last sale anchor
$8.15M
Sep 14 2020
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
$114 / 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
$106,470
Tax year 2023
Assessed value
$5,099,300
Assessed 2023
Previous assessed
$5,099,300
+0.0% YoY
Effective rate
2.09%
On assessed value
Assessed land
$1,501,100
Assessed improvement
$3,598,200
Land market value
$1,946,319
Improvement market value
$4,665,410
Total market value
$6,611,729
Applied tax rate
20.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1995
Heating
NONE
Total area
79,711 SF
Lot
9.07 ac (395,089 SF)
APN
10-1-1000-00
UPID
US92-0997398
Jurisdiction
OUTAGAMIE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$11.0M
RESTAURANT
Est. value
$15.0M
AUTO REPAIR, GARAGE
Est. value
$11.1M
OFFICE BUILDING
Est. value
$10.5M
WAREHOUSE, STORAGE
Est. value
$9.6M
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1995
Heating
NONE
Lot
9.07 ac
Current owner
From public records · entity-resolved
Net Leased Portfolio 39 Dst Exchangerig
Individual
Free & Clear · 5 yrs held
Mailing address
PO BOX 60308, PASADENA, CA 91116-6308
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 14, 2020
$8,145,161
Net Leased Portfolio 39 Dst Exchangerig
Patriot Exchangeright Appleton II L
Quit Claim Deed
related
—
Sep 11, 2020
—
Patriot Exchange Right Appleto
Wac LLC
Grant Deed
—
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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