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Property profile & analytics
OFF-MARKET
Estimated value
$1,455,000
Bars & Pubs
523 College Ave Appleton, WI 54911-5801
Entity Owned
13-yr Hold
Absentee Owner
Free & Clear
Property ID
US92-0150003
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1870
Total area
28,584 SF
Lot
0.33 ac (14,492 SF)
Zoning code
CBD
APN
31-3-1003-00
UPID
US92-0150003
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
-
Old Bavarian Brewing Company Production Facility Brewery & Distillery
-
The Led Room Nightclub Music Venue
-
OB's Brau Haus (Restaurant & Dance Club) Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.48M
Blend (final)
Blend
$1.46M
Owner & transaction history
Psb Credit Services INC · 13 yrs held
Psb Credit Services INC
since 2013
7 recorded transactions
Zoning & alternative use
CBD · Appleton, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.2M
+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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,055,000
Current use
RETAIL STORES
$2,215,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$1.46M
Range $1.31M – $1.60M · ±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
$51 / 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
$22,581
Tax year 2023
Assessed value
$1,147,700
Assessed 2023
Previous assessed
$971,200
+18.2% YoY
Effective rate
1.97%
On assessed value
Assessed land
$299,700
Assessed improvement
$848,000
Land market value
$315,882
Improvement market value
$893,787
Total market value
$1,209,669
Applied tax rate
201.0000
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1870
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
2
Units
10
Total area
28,584 SF
Lot
0.33 ac (14,492 SF)
Zoning code
CBD
APN
31-3-1003-00
UPID
US92-0150003
Jurisdiction
OUTAGAMIE
Zoning & alternative use
CBD · Appleton, WI
Zoning CBD · permitted uses
CBD · Appleton, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Appleton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$2.1M
RETAIL STORES
Est. value
$2.2M
RESTAURANT Current
RETAIL STORES
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
1870
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
10
Lot
0.33 ac
Current owner
From public records · entity-resolved
Psb Credit Services INC
Entity
Free & Clear · 13 yrs held
Mailing address
1823 STATUE DR, NEENAH, WI 54956-9693
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2020
—
Efs LLC
—
Deed
related
$635,844 · Community First FCU
Apr 23, 2013
$673,355
Psb Credit Services INC
Sheriff Of County Of Outagamie
Trustees Deed
related
—
Jan 26, 2009
—
Efs LLC
Schadt,edmund
Quit Claim Deed
related
—
—
—
Efs LLC
—
Deed Of Trust
related
$101,232 · Community First Cu
—
—
Efs LLC
—
Deed Of Trust
related
$790,652 · Community First Cu
—
—
Diaz,angel R
—
Deed Of Trust
related
$50,000 · Juan A Lopez
—
—
Edmund R Schadt
—
Deed Of Trust
related
$25,000 · Community First Cu
—
—
Efs LLC
—
Deed Of Trust
related
$635,844 · Community First FCU
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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