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Property profile & analytics
OFF-MARKET
Estimated value
$1,450,000
Turn key restaurants
3401 Evergreen Dr Appleton, WI 54913-7414
Entity Owned
~
Est. High Equity
Property ID
US92-0970590
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2009
Total area
5,544 SF
Lot
1.59 ac (69,278 SF)
Zoning code
PDC2
APN
31-1-6510-06
UPID
US92-0970590
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
-
Jaripeo Mexican Grill/Appleton Restaurant
-
Jaripeo Mexican Grill Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.35M
Blend (final)
Blend
$1.45M
Owner & transaction history
Luceros Properites LLC
Luceros Properites LLC
since 2025
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
PDC2 · Appleton, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Blend value · Realmo final
$1.45M
Range $1.31M – $1.60M · ±10% · vs last sale $1.50M (Dec 8 2025)
Last sale anchor
$1.50M
Dec 8 2025
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
$262 / 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
$14,529
Tax year 2023
Assessed value
$897,700
Assessed 2023
Previous assessed
$803,900
+11.7% YoY
Effective rate
1.62%
On assessed value
Assessed land
$203,700
Assessed improvement
$694,000
Land market value
$214,699
Improvement market value
$731,472
Total market value
$946,171
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2009
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
5,544 SF
Lot
1.59 ac (69,278 SF)
Zoning code
PDC2
APN
31-1-6510-06
UPID
US92-0970590
Jurisdiction
OUTAGAMIE
Zoning & alternative use
PDC2 · Appleton, WIZoning PDC2 · permitted uses
PDC2 · Appleton, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2009
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.59 ac
Current owner
From public records · entity-resolved
Luceros Properites LLC
Entity
Mailing address
3401 E EVERGREEN DR, APPLETON, WI 54913-7414
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2025
$1,500,000
Luceros Properites LLC
Sandoval Real Estate Holdings LLC
Warranty Deed
$1,485,000 · Blc Community Bank
Dec 8, 2017
—
Sandoval R & E Holdings LLC
—
Deed
related
$710,000 · Wolf River Cmnty Bk
Jun 16, 2016
$650,000
Sandoval Real Estate Holdings LLC
Community First Credit Union
Warranty Deed
—
Jun 19, 2014
$606,500
Community First Cu
Sheriff Of County Of Outagamie
Trustees Deed
related
—
Jul 1, 2009
—
Old Man LLC
—
Trustees Deed
related
$1,128,000 · Community First Cu
Jun 29, 2009
$9,700
Old Man LLC
Gasman Ents LLC
Quit Claim Deed
related
—
Jul 18, 2006
—
Gasman Ents LLC
City Of Appleton
Warranty Deed
$133,650 · Anchor Bank Fsb
—
—
Sandoval R & E Holdings LLC
—
Deed Of Trust
related
$710,000 · Wolf River Cmnty Bk
—
—
Old Man LLC
—
Deed Of Trust
related
$470,000 · Wisconsin Business Dev Finance
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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