Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    477 Nicolet Rd Appleton, WI 54914-8270

    • Office buildings
    • 7,464 SF
    • 0.74 lot acres
    OFF-MARKET
    Last Sale
    Feb 01, 2025
    $675,000
    Value Estimations
    $535,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-0145292
    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

    • Beacon of Hope: Butterbrodt Jan / Family Counselor
    • Helbing Law Office, LLC / Bankruptcy Attorney
    • Aura Portable Toilet Rental / Portable Toilet Supplier
    • Optimum plus homecare / Home Health Care Service
    • Body By Lipo / Weight Loss Service

    Property Details for 477 Nicolet Rd

    Year built
    1989
    Lot size
    0.74 lot acres
    Property size
    7,464 SF
    Property type
    Office buildings
    APN
    10-1-1352-02
    APU
    101135202

    Description

    This exceptional one-story, 7,882 square foot office building, located at 477 S Nicolet Rd in Appleton, Wisconsin, presents a compelling investment opportunity. Built in 1990 and extensively renovated in 1997 and 2021, the property boasts a Class B designation and offers excellent visibility and convenient access to Highway 41. The building sits on a 0.75-acre lot and features a total of 7,882 square feet of net rentable space, priced at $88.18 per square foot. The asking price is $695,000, representing a strong return on investment given the current gross annual rent of $100,000. This well-maintained property is ideal for a variety of office uses and benefits from its prime location in Outagamie County, Wisconsin, zip code 54914. The property's recent renovations ensure modern amenities and functionality, making it an attractive option for businesses seeking a comfortable and efficient workspace. This is a rare opportunity to acquire a profitable and well-situated office building in a thriving Appleton market. The property's size, location, and strong rental income make it a highly desirable asset.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $345,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $575,000
      Market price range: $576k - $1.37M
      AI Estimate
      $407,000
      Market price range: $378k - $1.15M

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

    Location Insight

    • Map
    • Local Demand
    City
    Appleton
    County
    Outagamie
    State
    Wisconsin
    Longitude
    -88.4697
    Latitude
    44.2574
    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
    $8,326
    $176,900
    $304,400
    $481,300
    -
    $229,368
    $394,684
    $624,052

    Comparable in this City

    • Value Estimation
      $655,000
      2,668 SF

      4800 Prospect Ave

      OFFICE BUILDING • 2,668 SF
      4800 Prospect Ave, Appleton, WI 54914-8900
      View Details
    • Value Estimation
      $570,000
      2,937 SF

      3945 College Ave

      OFFICE BUILDING • 2,937 SF
      3945 College Ave, Appleton, WI 54914-3939
      View Details
    • Value Estimation by Request
      2,772 SF

      621 Lynndale Dr

      OFFICE BUILDING • 2,772 SF
      621 Lynndale Dr, Appleton, WI 54914-3022
      View Details
    • Value Estimation by Request
      4,500 SF

      39 Park Pl

      OFFICE BUILDING • 4,500 SF
      39 Park Pl, Appleton, WI 54914-8289
      View Details
    • Value Estimation
      $1,215,000
      10,000 SF

      3901 Spencer St

      OFFICE BUILDING • 10,000 SF
      3901 Spencer St, Appleton, WI 54914-4018
      View Details
    • Value Estimation
      $505,000
      9,513 SF

      4000 Spencer St

      OFFICE BUILDING • 9,513 SF
      4000 Spencer St, Appleton, WI 54914-4015
      View Details

    Similar Nearby for Sale

    • $699,900
      5,776 SF

      Renovated Office Building Near I-41

      Recently renovated office building with large parking lot near I-41.
      302 S Bluemound Dr, Appleton, WI 54914
      View Details
    • $825,000

      Versatile Commercial Building on High-Traffic Street

      11,000+ sq ft commercial building with high visibility and accessibility.
      2415 N Richmond St, Appleton, WI 54914
      View Details
    • Contact for pricing
      113,111 SF

      Northland Avenue Retail Center

      Prime Appleton Retail Space - 113,111 SF
      1000 Northland Ave, Appleton, WI 54914
      View Details
    • $2,980,000
      28,000 SF

      Prime Appleton Retail Center

      High-Visibility Retail Space, 28,000 SF
      535 Westhill Blvd, Appleton, WI 54914
      View Details
    • Contact for pricing
      115 SF

      Retail Spaces in Grand Chute

      Retail spaces available in Grand Chute, Wisconsin.
      613-697 N Westhill Blvd, Appleton, WI 54914
      View Details
    • $475,000
      3,264 SF

      Appleton Duplex with 2-Car Garages

      Well-maintained duplex in Appleton with spacious units and garages.
      1424 W Weiland Ln, Appleton, WI 54914
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      10,712 SF

      Prime Location Office Building

      Five-story office building with high visibility and access to I-41.
      4351 W College Ave, Appleton, WI 54914
      View Details
    • $19 SF/Yr
      1,356 SF

      Furnished Office Building For Rent

      Furnished office building with prime highway visibility and access.
      3215 W College Ave, Grand Chute, WI 54914
      View Details
    • $14 SF/Yr
      18,775 SF

      Appleton Office Building with Courtyard

      One-story office building in a fast-growing community.
      5 Innovation Ct, Appleton, WI 54914
      View Details
    • $7 SF/Yr
      4,046 SF

      Executive Office Suites Available

      Prime Office Space, I-41 Access
      1121 Lynndale Dr, Appleton, WI 54914
      View Details
    • Contact for pricing
      1,485 SF

      High-Visibility Appleton Office Space

      1,485 SF Office, Excellent Location
      3913 Prospect Ave, Appleton, WI 54914
      View Details
    • $15 SF/Yr
      100,000 SF

      Executive Suites Appleton, WI

      Class A Office Space, 31,625 SF Available
      4351 College Ave, Appleton, WI 54914
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    477 Nicolet Rd
    Appleton, WI 54914-8270
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.