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    3401 Evergreen Dr Appleton, WI 54913-7414

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    3401 Evergreen Dr Appleton, WI 54913-7414

    View on Map
    • Turn key restaurants
    • 5,544 SF
    • 1.59 lot acres
    Off-Market
    Last Sale Dec 8, 2025
    $1,500,000
    Property ID
    US92-0970590
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,450,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Jaripeo Mexican Grill/Appleton / Restaurant
    • Jaripeo Mexican Grill / Restaurant

    Property Details for 3401 Evergreen Dr

    Year built
    2009
    Lot size
    1.59 lot acres
    Property size
    5,544 SF
    Zone code
    PDC2
    Property type
    Turn key restaurants
    APN
    31-1-6510-06
    APU
    311651006

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,352,000
      Market price range: $352k - $1.72M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Appleton
    County
    Outagamie
    State
    Wisconsin
    Longitude
    -88.3586
    Latitude
    44.3011
    CBSA code
    11540
    CBSA name
    APPLETON, WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $14,529
    $203,700
    $694,000
    $897,700
    -
    $214,699
    $731,472
    $946,171

    Comparable in this City

    • Value Estimation
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      6,990 SF

      1104 Mutual Way

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    • Value Estimation
      $1,570,000
      9,098 SF

      1275 Casaloma Dr

      RESTAURANT • 9,098 SF
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    • Value Estimation
      $1,185,000
      6,693 SF

      2331 Evergreen Dr, Unit 2

      RESTAURANT • 6,693 SF
      2331 Evergreen Dr, Appleton, WI 54913-8928
      View Details
    • Value Estimation
      $710,000
      5,678 SF

      1190 Casaloma Dr

      RESTAURANT • 5,678 SF
      1190 Casaloma Dr, Appleton, WI 54913-9294
      View Details
    • Value Estimation
      $1,185,000
      6,916 SF

      5450 Integrity Way

      RESTAURANT • 6,916 SF
      5450 Integrity Way, Appleton, WI 54913-9120
      View Details
    • Value Estimation
      $1,370,000
      7,648 SF

      4421 Wisconsin Ave

      RESTAURANT • 7,648 SF
      4421 Wisconsin Ave, Appleton, WI 54913-7917
      View Details

    Similar Nearby for Sale

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      Former Sears Box For Sale

      Former Sears box available for sale or for lease.
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      Commercial Land Near Airport

      Land ideal for development in high-traffic commercial district.
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    Similar Nearby for Lease

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      End Cap Retail Suite Available

      Retail space with expansive patio and floor-to-ceiling windows.
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      Fox River Mall Retail Space

      Former Sears available for lease in Fox River Mall.
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      3 SF

      Auto Dealership/Repair Building For Lease

      Existing auto dealership/repair building for lease or redevelopment.
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      6,035 SF

      Retail Space Near Fox River Mall

      Retail spaces available in high-traffic Appleton location.
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      View Details
    • Contact for pricing

      Retail Space Near I-41

      Retail space with high visibility near I-41 and College Ave.
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      2,500 SF

      Retail Space with High Ceilings

      Retail space featuring 18-foot ceilings and ample parking.
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    Appleton, WI 54913-7414
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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