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Property profile & analytics
FOR SALE
Retail space
4731 West Michaels Dr Appleton, WI 54913
Entity Owned
10-yr Hold
Free & Clear
Property ID
US92-0158011
For Sale
$1,500,000
4731 West Michaels Dr, Appleton, WI 54913
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1999
Total area
10,800 SF
Lot
1.24 ac (54,014 SF)
APN
10-1-1245-05
UPID
US92-0158011
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
-
Woodcraft of Appleton/Fox Cities (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.57M
Blend (final)
Blend
$1.21M
Owner & transaction history
West Highland Real Estate LLC · 10 yrs held
West Highland Real Estate LLC
since 2015
7 recorded transactions
Zoning & alternative use
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
Alternative Use
Use
Estimation
RETAIL STORES
$1,550,000
Current use
AUTO REPAIR, GARAGE
$1,510,000
Change: -2% · Conversion: Difficult
OFFICE BUILDING
$1,400,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$1.21M
Range $1.08M – $1.33M · ±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
$112 / 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
$21,012
Tax year 2023
Assessed value
$1,199,600
Assessed 2023
Previous assessed
$1,199,600
+0.0% YoY
Effective rate
1.75%
On assessed value
Assessed land
$392,700
Assessed improvement
$806,900
Land market value
$509,173
Improvement market value
$1,046,223
Total market value
$1,555,396
Applied tax rate
20.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1999
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
4
Total area
10,800 SF
Lot
1.24 ac (54,014 SF)
APN
10-1-1245-05
UPID
US92-0158011
Jurisdiction
OUTAGAMIE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.4M
RETAIL STORES Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1999
Heating
FORCED AIR
Cooling
Yes
Buildings
4
Lot
1.24 ac
Current owner
From public records · entity-resolved
West Highland Real Estate LLC
Entity
Free & Clear · 10 yrs held
Mailing address
10718 COOPER RD OXFORD STA K0G ON
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 4, 2015
$754,000
West Highland Real Estate LLC
Michaels Drive LLC
Warranty Deed
—
Dec 30, 2010
—
Michaels Drive LLC
Bruemmer,sheryl L
Quit Claim Deed
related
$171,777 · Gtech Academy INC
Dec 9, 2010
—
Thomas W Fisk
Mill Road Real Estate Co LLC
Quit Claim Deed
related
—
Oct 23, 2007
$588,000
West Highland Real Estate LLC
Mill Road Real Estate Co LLC
Warranty Deed
$588,000 · Business Bank
—
—
Michaels Drive LLC
—
Deed Of Trust
related
$496,626 · Business Bk
—
—
West Highland Real Estate LLC
—
Deed Of Trust
related
$31,824 · Business Bk
—
—
Mill Road Real Estate Co LLC
—
Deed Of Trust
related
$700,000 · J P Morgan Chase Bank
—
—
Mill Road Real Estate Co LLC
—
Deed Of Trust
related
$783,000 · Business Bank/fox River Valley
—
—
Mill Road Real Estate Co LLC
—
Deed Of Trust
related
$602,000 · Business 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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