3950 Richmond St Appleton, WI 54913-9813
Entity Owned
Free & Clear
Estimated value (blended)
$3.04M
Range $2.74M – $3.34M (±10%)
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
Current use
Occupant on record · Public records
-
Nightclub Music Venue
-
Gym & Fitness Center
-
Restaurant Take-out & Catering
-
Telecommunications Service
-
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
since 2025
7 recorded transactions
Zoning & alternative use
PDC2 · Appleton, WI
Top alternative use upside
Restaurant
$3.1M
+67.1%
Retail stores
$2.4M
+27.7%
Auto repair, garage
$2.3M
+24.5%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 5 comparables with addresses
6 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$3.04M
Value range
$2.74M – $3.34M
±10% around blend
Estimated value / SF
$184 / SF
Confidence
High
5 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
50
$2.74M
blend $3.04M
$3.34M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
16,504 SF
Lot area
6.64 ac
Year built
1981
Stories
1
APN
31-6-5601-00
Assessed value
$8,934,400
Annual tax
$145,129
3
Income approach: direct capitalization
Partial preview
Income approach indication
$2.57M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$2.79M
@ 6.5% CAP return
$2.57M
@ 7% CAP return
$2.39M
4
Sales comparison
Partial preview
Sales approach indication
$549k
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
2.2 mi away · 18,654 SF
2.4 mi away · 18,048 SF
2.6 mi away · 18,000 SF
4.6 mi away · 13,786 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$3.04M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 233 sales
$112
+64%
County 234 sales
$115
+60%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $184/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+67%
vs current-use indication
Retail Stores
Auto Repair, Garage
Office Building
Commercial (general) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$8.93M
Move the market yield to see immediate price impact.
Value / SF
$541
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$563k
$11.26M
$8.04M
$6.25M
$625k
$12.51M
$8.93M
$6.95M
$688k
$13.76M
$9.83M
$7.64M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$1.00M
1.6 mi · Jan 2026 · $57/SF
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
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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, WIZoning PDC2 · permitted uses
PDC2 · Appleton, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1981
Heating
HOT WATER
Cooling
Yes
Stories
1
Lot
6.64 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
PDC2
Jurisdiction
Appleton, WI
Recorded code
PDC2
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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