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    601 Westhill Blvd Appleton, WI 54914-6511
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    Property profile & analytics

    601 Westhill Blvd, Appleton, WI 54914-6511

    View on Map
    • Retail space
    • 53,340 SF
    • 4.21 lot acres
    Off-Market
    Last Sale Nov 22, 2023
    $6,000,000
    Property ID
    US92-0912091
    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.
    Value Estimations
    $6,505,000
    Show details
    Cap Rate Potential
    8.8%
    Retail space
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 601 Westhill Blvd

    Year built
    1988
    Lot size
    4.21 lot acres
    Property type
    Retail space
    APN
    10-1-1186-08
    APU
    101118608

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 20, 2026 — Appleton I LLC — Deed · related $5.1M · Bankers Trust Company
    Mar 5, 2026 $6,850,000 Appleton I LLC Maplewood Partners LLC Special Warranty Deed —
    Nov 22, 2023 $6,000,000 Maplewood Partners LLC Crg Appleton LLC Special Warranty Deed —
    Jan 26, 2021 $1,955,700 Crg Appleton LLC Westhill Plaza LLC Grant Deed · related —
    — — Westhill Plaza LLC — Deed Of Trust · related $5.8M · Rait Ptshp

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $7,810,000
      ML approach
      $7,940,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,778,000
      Market price range: $4.78M - $11.5M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $7,385,000
      Current use
      RESTAURANT
      $10,005,000
      Change: +35% Conversion: Easy
      AUTO REPAIR, GARAGE
      $7,455,000
      Change: +1% Conversion: Difficult
      OFFICE BUILDING
      $7,010,000
      Change: -5% Conversion: Easy
      WAREHOUSE, STORAGE
      $6,445,000
      Change: -13% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Appleton
    County
    Outagamie
    State
    Wisconsin
    Longitude
    -88.4619
    Latitude
    44.2692
    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
    $33,936
    $1,430,900
    $325,500
    $1,756,400
    -
    $1,855,298
    $422,042
    $2,277,340

    Comparable in this City

    • Value Estimation
      $2,575,000
      16,000 SF

      2520 Wisconsin Ave

      RETAIL STORES (PERSONAL SERVICES)
      2520 Wisconsin Ave, Appleton, WI 54914-1716
      View Details
    • Value Estimation by Request
      6,000 SF

      1280 Van Dyke Rd

      RETAIL STORES (PERSONAL SERVICES)
      1280 Van Dyke Rd, Appleton, WI 54914-8256
      View Details
    • Value Estimation
      $2,235,000
      11,972 SF

      500 Westhill Blvd

      RETAIL STORES (PERSONAL SERVICES)
      500 Westhill Blvd, Appleton, WI 54914-5767
      View Details
    • Value Estimation
      $1,220,000
      8,703 SF

      1175 Westhill Blvd

      RETAIL STORES (PERSONAL SERVICES)
      1175 Westhill Blvd, Appleton, WI 54914-5795
      View Details
    • Value Estimation by Request
      2,162 SF

      2140 Wisconsin Ave

      RETAIL STORES (PERSONAL SERVICES)
      2140 Wisconsin Ave, Appleton, WI 54914-3115
      View Details
    • Value Estimation by Request
      1,984 SF

      1401 Wisconsin Ave

      RETAIL STORES (PERSONAL SERVICES)
      1401 Wisconsin Ave, Appleton, WI 54914-3261
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      113,111 SF

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      2,000 SF

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      Retail Spaces in Grand Chute

      Retail spaces available in Grand Chute, Wisconsin.
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    • New
      Contact for pricing
      4,378 SF

      Leased Flex Warehouse with Showroom

      Flex building combines a showroom, small office, and warehouse space with a loading dock and overhead door.
      1112 S Westland Dr, Grand Chute, WI 54914
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      Versatile Building with Shop Area

      9,900 SF building with shop, showroom, and fenced area.
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    Similar Nearby for Lease

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      8,010 SF

      Appleton Retail or Office Space

      Retail or office space convenient to Highway 41.
      2400-2436 W Nordale Dr, Appleton, WI 54914
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      1,400 SF

      Prime Retail Space in Appleton

      High-visibility retail space with ample parking and excellent exposure.
      4876-4898 W Lawrence St, Appleton, WI 54914
      View Details
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      Retail/Office Space in Thriving Center

      Central suite ideal for retail or professional services.
      2197 W Spencer St, Appleton, WI 54914
      View Details
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      Retail Development Near Fox River Mall

      New retail development with high visibility and access.
      3800 W Wisconsin Ave, Appleton, WI 54914
      View Details
    • Contact for pricing

      Single Tenant Retail Space

      27,520 SqFt single tenant retail space available for rent.
      535 N Westhill Blvd, Appleton, WI 54914
      View Details
    • Contact for pricing
      1,600 SF

      Appleton Retail Space For Rent

      Retail space in Appleton's primary retail corridor. High-traffic location.
      3404-3456 W College Ave, Appleton, WI 54914
      View Details
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    Appleton, WI 54914-6511
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    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
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