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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    446 Westhill Blvd Appleton, WI 54914

    • Office buildings
    • 11,346 SF
    • 1.14 lot acres
    For Lease
    View listing
    $17 SF/Yr
    Last Sale
    Mar 07, 2023
    $1,200,000
    Value Estimations
    $1,465,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-0810301
    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.

    Current Use by Public Records

    • Ameriprise Financial: Oberstadt Wendy / Financial Consultant
    • HOPE Cancer Connection / Medical Clinic
    • Rawhide Youth Services - Appleton / Family Counselor / Counselor
    • LifeSpan Financial Group - Ameriprise Financial Services, LLC / Financial Planner / Investment Service
    • Keller Williams Appleton & Fox Cities Pete Zingsheim / Real Estate Agent

    Property Details for 446 Westhill Blvd

    Year built
    1993
    Lot size
    1.14 lot acres
    Property size
    11,346 SF
    Property type
    Office buildings
    APN
    10-1-1221-09
    APU
    101122109

    Description

    This exceptional office building at 446 N Westhill Blvd, Appleton, WI 54914, offers multiple tenancy options in a highly desirable location. The 11,336 square foot building, constructed in 1993, boasts a professional landscaped setting within an established office park. Two suites are currently available, ranging from 1,332 to 1,640 square feet, perfect for businesses seeking flexible space. The building features attractive amenities including a reception area, private offices, and a convenient break room. Its prime location on Westhill Boulevard offers excellent visibility, with over 9,600 vehicles passing daily, and benefits from prominent monument and building signage. The property's proximity to College Avenue, along with its convenient access to public transportation (bus line), ensures easy commuting for employees and clients. Furthermore, its strategic placement near other professional offices, retail establishments, hotels, and restaurants provides a vibrant and convenient environment for your business. The building is well-maintained and presents a professional image, making it an ideal choice for businesses seeking a prestigious and functional workspace in Appleton, Outagamie County, Wisconsin. Minimum leasable space is 1,332 square feet.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,560,000
      ML approach
      $1,560,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,171,000
      Market price range: $875k - $2.09M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,490,000
      Current use
      RESTAURANT
      $2,130,000
      Change: +43% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $1,585,000
      Change: +6% Conversion: Difficult
      RETAIL STORES
      $1,570,000
      Change: +5% Conversion: Moderate
      WAREHOUSE, STORAGE
      $1,370,000
      Change: -8% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Appleton
    County
    Outagamie
    State
    Wisconsin
    Longitude
    -88.4603
    Latitude
    44.265
    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
    $17,150
    $388,200
    $599,600
    $987,800
    -
    $503,338
    $777,439
    $1,280,777

    Comparable in this City

    • Value Estimation
      $625,000
      3,000 SF

      2000 Pershing St

      OFFICE BUILDING • 3,000 SF
      2000 Pershing St, Appleton, WI 54914-6077
      View Details
    • Value Estimation
      $860,000
      3,600 SF

      2401 Wisconsin Ave

      OFFICE BUILDING • 3,600 SF
      2401 Wisconsin Ave, Appleton, WI 54914-3110
      View Details
    • Value Estimation
      $680,000
      21,756 SF

      1800 Capitol Dr

      OFFICE BUILDING • 21,756 SF
      1800 Capitol Dr, Appleton, WI 54914-6946
      View Details
    • Value Estimation
      $195,000
      2,274 SF

      211 Casaloma Dr

      OFFICE BUILDING • 2,274 SF
      211 Casaloma Dr, Appleton, WI 54914-9102
      View Details
    • Value Estimation
      $1,360,000
      11,248 SF

      600 Nicolet Rd

      OFFICE BUILDING • 11,248 SF
      600 Nicolet Rd, Appleton, WI 54914-8285
      View Details
    • Value Estimation
      $120,000
      4,920 SF

      1985 Packard St

      OFFICE BUILDING • 4,920 SF
      1985 Packard St, Appleton, WI 54914-3171
      View Details

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    446 Westhill Blvd
    Appleton, WI 54914
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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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