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Property profile & analytics
OFF-MARKET
Estimated value
$1,510,000
Commercial real estate
3001 Chain Dr Menasha, WI 54952-1171
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US92-1514168
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1992
Total area
14,032 SF
Lot
4.41 ac (192,100 SF)
Zoning code
PDR3
APN
31-8-1567-00
UPID
US92-1514168
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
$1.58M
Comparable Approach
Comparable
$1.74M
Blend (final)
Blend
$1.51M
Owner & transaction history
Greenfeather Four LLC · 2 yrs held
Greenfeather Four LLC
since 2024
2 recorded transactions
Zoning & alternative use
PDR3 · Menasha, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Table of Contents
Top alternative use upside
Restaurant
$1.8M
+64.3%
Office building
$1.4M
+22.9%
Apartment house (5+ units)
$1.3M
+15.3%
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 Menasha submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Menasha 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%
$1,705,000
6.5%
$1,575,000
7%
$1,460,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,110,000
Current use
RESTAURANT
$1,825,000
Change: +64% · Conversion: Difficult
OFFICE BUILDING
$1,365,000
Change: +23% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,280,000
Change: +15% · Conversion: Moderate
RETAIL STORES
$910,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$1.51M
Range $1.36M – $1.66M · ±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
$108 / 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
$96,312
Tax year 2023
Assessed value
$4,480,000
Assessed 2023
Effective rate
2.15%
On assessed value
Assessed land
$399,600
Assessed improvement
$4,080,400
Land market value
$439,768
Improvement market value
$4,490,562
Total market value
$4,930,330
Applied tax rate
203.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1992
Heating
BASEBOARD
Stories
2
Rooms
4
Bathrooms
16
Total area
14,032 SF
Lot
4.41 ac (192,100 SF)
Zoning code
PDR3
APN
31-8-1567-00
UPID
US92-1514168
Jurisdiction
WINNEBAGO
Zoning & alternative use
PDR3 · Menasha, WIZoning PDR3 · permitted uses
PDR3 · Menasha, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Table of Contents
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.1M
RESTAURANT
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.3M
RETAIL STORES
Est. value
$910,000
COMMERCIAL (GENERAL) Current
RESTAURANT
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1992
Heating
BASEBOARD
Stories
2
Rooms
4
Bathrooms
16
Lot
4.41 ac
Current owner
From public records · entity-resolved
Greenfeather Four LLC
Entity
Mailing address
PO BOX 751, STREAMWOOD, IL 60107-0751
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 9, 2024
—
Greenfeather Four LLC
—
Deed
related
$2,000,000 · Waterstone Bank Ssb
Feb 2, 2021
—
Greenfeather Four LLC
—
Deed
related
$4,500,000 · Waterstone Bank Ssb
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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