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Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Office buildings
5050 Wren Dr Appleton, WI 54913-7741
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US92-1744760
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2018
Total area
3,600 SF
Lot
10.62 ac (462,607 SF)
APN
10-1-0301-00
UPID
US92-1744760
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
-
LKQ Refinish - Appleton Auto Parts Store (Bike/Boat/Book/etc) Store
-
Keystone Automotive - Appleton Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$600k
CAP Approach
CAP
$880k
Comparable Approach
Comparable
$663k
Blend (final)
Blend
$655k
Owner & transaction history
Far Niente LLC · 10 yrs held
Far Niente LLC
since 2016
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$515,000
+10.4%
Auto repair, garage
$505,000
+7.7%
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
$600,000
CAP Approach
CAP Return
Estimation
6%
$955,000
6.5%
$880,000
7%
$815,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$465,000
Current use
RETAIL STORES
$515,000
Change: +10% · Conversion: Moderate
AUTO REPAIR, GARAGE
$505,000
Change: +8% · Conversion: Difficult
COMMERCIAL (GENERAL)
$405,000
Change: -14% · Conversion: Easy
WAREHOUSE, STORAGE
$400,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$655k
Range $590k – $721k · ±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
$182 / 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
$64,048
Tax year 2023
Assessed value
$2,356,800
Assessed 2023
Previous assessed
$2,356,800
+0.0% YoY
Effective rate
2.72%
On assessed value
Assessed land
$94,700
Assessed improvement
$2,262,100
Land market value
$122,788
Improvement market value
$2,933,029
Total market value
$3,055,817
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2018
Heating
NONE
Buildings
2
Total area
3,600 SF
Lot
10.62 ac (462,607 SF)
APN
10-1-0301-00
UPID
US92-1744760
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
OFFICE BUILDING Current
Est. value
$465,000
RETAIL STORES
Est. value
$515,000
AUTO REPAIR, GARAGE
Est. value
$505,000
COMMERCIAL (GENERAL)
Est. value
$405,000
WAREHOUSE, STORAGE
Est. value
$400,000
OFFICE BUILDING Current
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
2018
Heating
NONE
Buildings
2
Lot
10.62 ac
Current owner
From public records · entity-resolved
Far Niente LLC
Entity
Free & Clear · 10 yrs held
Mailing address
1640 W STARVIEW DR, APPLETON, WI 54913-6841
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 12, 2018
—
Far Niente LLC
—
Deed
related
$1,900,000 · Blc Cmnty Bk
Jul 22, 2016
$95,000
Far Niente LLC
Liethen,thomas R
Warranty Deed
—
—
—
Far Niente LLC
—
Deed Of Trust
related
$1,900,000 · Blc Cmnty Bk
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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