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Property profile & analytics
OFF-MARKET
Estimated value
$960,000
Retail space
532 College Ave 107 Appleton, WI 54911-5802
Entity Owned
4-yr Hold
Free & Clear
Property ID
US92-3515891
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1900
Total area
8,640 SF
Lot
0.07 ac (2,879 SF)
Zoning code
CBD
APN
31-5-1058-00
UPID
US92-3515891
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
-
Stateview Coworking & Hybrid Office
-
renncommerce Marketing & Advertising
-
Total Health and Safety Solutions Occupational Safety And Health
-
Triumph Law, LLC Law Firm
-
SCORE Financial Consultant Volunteer Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.18M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$932k
Blend (final)
Blend
$960k
Owner & transaction history
Keystone Futures LLC · 4 yrs held
Keystone Futures LLC
since 2021
Last sale
$850,000
6 recorded transactions
Zoning & alternative use
CBD · Appleton, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is intended to provide a centrally located and readily accessible area that offers a wide variety of retail, service, financial, entertainment, governmental, and residential uses. A broad range of uses is permitted to reflect downtown role as a commercial, cultural and government center.
Zone name
Central Business District
General category
CIVIC_INSTITUTIONAL
Zone area
189.35 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$1.2M
+80.5%
Office building
$1.1M
+67.6%
Warehouse, storage
$960,000
+43.4%
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
$1,170,000
ML approach
$1,175,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$670,000
Current use
AUTO REPAIR, GARAGE
$1,210,000
Change: +81% · Conversion: Difficult
OFFICE BUILDING
$1,120,000
Change: +68% · Conversion: Easy
WAREHOUSE, STORAGE
$960,000
Change: +43% · Conversion: Difficult
COMMERCIAL (GENERAL)
$820,000
Change: +22% · Conversion: Easy
RESTAURANT
$620,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$960k
Range $864k – $1.06M · ±10% · vs last sale $850k (Aug 9 2021)
Last sale anchor
$850k
Aug 9 2021
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
$111 / 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
$9,641
Tax year 2023
Assessed value
$596,900
Assessed 2023
Previous assessed
$500,800
+19.2% YoY
Effective rate
1.62%
On assessed value
Assessed land
$62,900
Assessed improvement
$534,000
Land market value
$66,296
Improvement market value
$562,833
Total market value
$629,129
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1900
Heating
STEAM
Cooling
NONE
Stories
2
Units
4
Total area
8,640 SF
Lot
0.07 ac (2,879 SF)
Zoning code
CBD
APN
31-5-1058-00
UPID
US92-3515891
Jurisdiction
OUTAGAMIE
Zoning & alternative use
CBD · Appleton, WIZoning CBD · permitted uses
CBD · Appleton, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is intended to provide a centrally located and readily accessible area that offers a wide variety of retail, service, financial, entertainment, governmental, and residential uses. A broad range of uses is permitted to reflect downtown role as a commercial, cultural and government center.
Zone name
Central Business District
General category
CIVIC_INSTITUTIONAL
Zone area
189.35 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$670,000
AUTO REPAIR, GARAGE
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$960,000
COMMERCIAL (GENERAL)
Est. value
$820,000
RESTAURANT
Est. value
$620,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
RESTAURANT
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
1900
Heating
STEAM
Cooling
Yes
Stories
2
Units
4
Lot
0.07 ac
Current owner
From public records · entity-resolved
Keystone Futures LLC
Entity
Free & Clear · 4 yrs held
Mailing address
6534TH CEDAR LN, GREENVILLE, WI 54942-9652
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 9, 2021
$850,000
Keystone Futures LLC
Stateview LLC
Warranty Deed
—
Oct 15, 2018
—
Stateview LLC
—
Deed
related
$211,745 · Wolf River Cmnty Bk
Apr 23, 2018
$193,000
Stateview LLC
Lang Family Ents LLC
Warranty Deed
$202,400 · Wolf River Cmnty Bk
Jan 7, 2004
$270,000
Lang Family Enterprises LLC
Wettengel,thomas R
Warranty Deed
related
—
—
—
Lang Family Ents LLC
—
Deed Of Trust
related
$570,205 · Bank First National
—
—
Stateview LLC
—
Deed Of Trust
related
$211,745 · Wolf River 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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