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Property profile & analytics
OFF-MARKET
Estimated value
$3,040,000
Investment properties
3950 Richmond St, Appleton, WI 54913-9813
Entity Owned
Free & Clear
Property ID
US92-1234646
Property summary
AI-generated overview
This exceptional 2.6-acre commercial land parcel presents a unique investment opportunity in Appleton, Wisconsin. Located at 3950 N Richmond St, this property boasts unparalleled visibility from Highway 41, ensuring maximum exposure for any commercial venture. The expansive lot size offers significant development potential, ideal for a variety of uses. Its prime location within Outagamie County, Wisconsin, and its convenient access to Highway 41 make it an attractive proposition for businesses seeking high traffic and easy accessibility. The property's APN is 31-6-5601-00, and its precise coordinates are latitude 44.300886 and longitude -88.414132. This exceptional site is ready for development, offering a blank canvas for ambitious projects. The zip code is 54913. Don't miss this chance to secure a highly visible and strategically located commercial property in a thriving Wisconsin community. Serious inquiries only.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1981
Total area
16,504 SF
Lot
6.64 ac (289,090 SF)
Zoning code
PDC2
APN
31-6-5601-00
UPID
US92-1234646
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
-
Rotary Club of Appleton Nightclub Music Venue
-
StretchLab Gym & Fitness Center
-
Tom's Drive In Restaurant Take-out & Catering
-
Cellcom Telecommunications Service
-
Holidays Pub & Grill Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.57M
Comparable Approach
Comparable
$3.08M
Blend (final)
Blend
$3.04M
Owner & transaction history
Wisconsin Department Of Transportat
Wisconsin Department Of Transportat
since 2025
7 recorded transactions
Zoning & alternative use
PDC2 · Appleton, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.1M
+67.1%
Retail stores
$2.4M
+27.7%
Auto repair, garage
$2.3M
+24.5%
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%
$2,785,000
6.5%
$2,570,000
7%
$2,385,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,855,000
Current use
RESTAURANT
$3,095,000
Change: +67% · Conversion: Difficult
RETAIL STORES
$2,365,000
Change: +28% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,305,000
Change: +25% · Conversion: Difficult
OFFICE BUILDING
$2,140,000
Change: +16% · Conversion: Easy
WAREHOUSE, STORAGE
$1,830,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$3.04M
Range $2.74M – $3.34M · ±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
$184 / 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
$145,129
Tax year 2023
Assessed value
$8,934,400
Assessed 2023
Previous assessed
$5,598,500
+59.6% YoY
Effective rate
1.62%
On assessed value
Assessed land
$2,334,400
Assessed improvement
$6,600,000
Land market value
$2,460,443
Improvement market value
$6,956,359
Total market value
$9,416,802
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
Off-Market
Year built
1981
Heating
HOT WATER
Cooling
CENTRAL
Stories
1
Total area
16,504 SF
Lot
6.64 ac (289,090 SF)
Zoning code
PDC2
APN
31-6-5601-00
UPID
US92-1234646
Jurisdiction
OUTAGAMIE
Zoning & alternative use
PDC2 · Appleton, WI
Zoning PDC2 · permitted uses
PDC2 · Appleton, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Appleton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.9M
RESTAURANT
Est. value
$3.1M
RETAIL STORES
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$2.3M
OFFICE BUILDING
Est. value
$2.1M
WAREHOUSE, STORAGE
Est. value
$1.8M
COMMERCIAL (GENERAL) Current
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1981
Heating
HOT WATER
Cooling
Yes
Stories
1
Lot
6.64 ac
Current owner
From public records · entity-resolved
Wisconsin Department Of Transportat
Entity
Free & Clear · 0 yrs held
Mailing address
501 N WESTHILL BLVD, APPLETON, WI 54914-5780
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 13, 2025
$12,200
Wisconsin Department Of Transportat
Grishaber Main Street Partnership L
Warranty Deed
—
Apr 15, 2020
—
Grishaber Main Street Ptshp Ll
—
Deed
related
$2,000,000 · First Busn Bk
Jul 2, 2018
$1,595,000
Grishaber Main Street Ptshp Ll
North Richmond Partners LLP
Grant Deed
—
—
—
Grishaber Main Street Ptshp Ll
—
Deed Of Trust
related
$2,000,000 · First Busn Bk
—
—
North Richmond Partners LLP
—
Loan Modification
related
$376,000 · Wells Fargo Bank
—
—
North Richmond Partners LLP
—
Loan Modification
related
$223,659 · Wells Fargo Bank
—
—
North Richmond Partners LLP
—
Deed Of Trust
related
$235,000 · Wells Fargo 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.
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