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Property profile & analytics
FOR LEASE
Retail space
2828 N Richmond St Appleton, WI 54911
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US92-0822115
For Lease
1 / 2
Contact for pricing
2828 N Richmond St, Appleton, WI 54911
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1991
Total area
9,802 SF
Lot
1.26 ac (54,886 SF)
Zoning code
C2
APN
31-6-7111-00
UPID
US92-0822115
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
-
Wingstop Restaurant
-
Jimmy John's Take-out & Catering
-
Gunderson Cleaners (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$1.12M
Owner & transaction history
Reveal Properties LLC · 12 yrs held
Reveal Properties LLC
since 2013
6 recorded transactions
Zoning & alternative use
C2 · Appleton, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.4M
+80.5%
Office building
$1.3M
+67.6%
Warehouse, storage
$1.1M
+43.4%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$760,000
Current use
AUTO REPAIR, GARAGE
$1,370,000
Change: +81% · Conversion: Difficult
OFFICE BUILDING
$1,270,000
Change: +68% · Conversion: Easy
WAREHOUSE, STORAGE
$1,090,000
Change: +43% · Conversion: Difficult
COMMERCIAL (GENERAL)
$930,000
Change: +22% · Conversion: Easy
RESTAURANT
$705,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$1.12M
Range $1.00M – $1.23M · ±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
$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
$17,196
Tax year 2023
Assessed value
$1,061,800
Assessed 2023
Previous assessed
$978,800
+8.5% YoY
Effective rate
1.62%
On assessed value
Assessed land
$592,800
Assessed improvement
$469,000
Land market value
$624,808
Improvement market value
$494,323
Total market value
$1,119,131
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1991
Heating
FORCED AIR
Cooling
YES
Stories
2
Total area
9,802 SF
Lot
1.26 ac (54,886 SF)
Zoning code
C2
APN
31-6-7111-00
UPID
US92-0822115
Jurisdiction
OUTAGAMIE
Zoning & alternative use
C2 · Appleton, WIZoning C2 · permitted uses
C2 · Appleton, WI
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
$760,000
AUTO REPAIR, GARAGE
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$930,000
RESTAURANT
Est. value
$705,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
RESTAURANT
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
FORCED AIR
Cooling
Yes
Stories
2
Lot
1.26 ac
Current owner
From public records · entity-resolved
Reveal Properties LLC
Entity
Mailing address
2828 N RICHMOND ST, APPLETON, WI 54911-1145
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 26, 2013
$945,000
Reveal Properties LLC
Ftk Property I LLC
Warranty Deed
$781,600 · Community First Cu
Mar 23, 2009
—
Ftk Property I LLC
Kampo,fred T JR
Quit Claim Deed
—
Mar 16, 2009
—
Fred T Kampo JR.
Kampo Senderhauf LLP
Quit Claim Deed
—
—
—
Reveal Properties LLC
—
Deed Of Trust
related
$820,677 · Community First Cu
—
—
Kampo Senderhauf LLP
—
Deed Of Trust
related
$140,000 · American Nat'l Bank Fox Cities
—
—
Ftk Property LLC
—
Deed Of Trust
related
$250,000 · American Nat'l Bank Fox Cities
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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