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Property profile & analytics
FOR LEASE
Investment properties
3701 E Evergreen Dr Appleton, WI 54913
Entity Owned
13-yr Hold
Free & Clear
Property ID
US92-0085960
For Lease
1 / 2
$1,950,000
3701 E Evergreen Dr, Appleton, WI 54913
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2001
Total area
42,794 SF
Lot
3.32 ac (144,676 SF)
Zoning code
PDC2
APN
31-1-6510-01
UPID
US92-0085960
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
-
College Connectors - Wisconsin Training Center
-
Attorney David Werley Law Firm
-
Ms. Tricia Gonzalez Counselor Practitioner Service Location
-
Evergreen Office Park Business Park
-
OneWisconsin Financial Group Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.65M
Blend (final)
Blend
$1.95M
Owner & transaction history
Kaleka Enterprises LLC · 13 yrs held
Kaleka Enterprises LLC
since 2013
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
$1.95M
Range $1.76M – $2.15M · ±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
$46 / 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
$40,120
Tax year 2023
Assessed value
$2,472,500
Assessed 2023
Previous assessed
$2,211,700
+11.8% YoY
Effective rate
1.62%
On assessed value
Assessed land
$434,000
Assessed improvement
$2,038,500
Land market value
$457,433
Improvement market value
$2,148,566
Total market value
$2,605,999
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Lease
Year built
2001
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
42,794 SF
Lot
3.32 ac (144,676 SF)
Zoning code
PDC2
APN
31-1-6510-01
UPID
US92-0085960
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
2001
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
3.32 ac
Current owner
From public records · entity-resolved
Kaleka Enterprises LLC
Entity
Free & Clear · 13 yrs held
Mailing address
2655 OAKRIDGE RD, NEENAH, WI 54956-3525
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 22, 2024
—
Kaleka Enterprises LLC
—
Deed
related
$75,000 · Verve A Cu
Dec 30, 2019
—
Kaleka Ents LLC
—
Deed
related
$1,468,099 · Verve Cu
Jan 25, 2013
$2,200,000
Kaleka Enterprises LLC
Ore INC
Warranty Deed
—
May 10, 2012
—
Ore INC
Wisconn Appleton LLC
Quit Claim Deed
related
—
Apr 23, 2012
—
Ore INC
Wisconn Appleton LLC
Quit Claim Deed
related
—
Nov 2, 2010
$2,000
City Of Appleton
Wisconn Appleton LLC
Warranty Deed
related
—
Dec 26, 2006
$3,150,000
Wisconn Appleton LLC
3701 Evergreen LLC
Warranty Deed
—
—
—
Kaleka Ents LLC
—
Deed Of Trust
related
$730,000 · Citizensfirst Cu
—
—
Kaleka Ents LLC
—
Deed Of Trust
related
$1,468,099 · Verve Cu
—
—
Wisconn Appleton LLC
—
Deed Of Trust
related
$3,200,000 · Summit FCU
—
—
Wisconn Appleton LLC
—
Deed Of Trust
related
$432,000 · Mcfarland State Bank
—
—
Wisconn Appleton LLC
—
Deed Of Trust
related
$3,213,000 · Mcfarland State Bank
—
—
Wisconn Appleton LLC
—
Deed Of Trust
related
$2,710,000 · Baylake Bank
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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