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Property profile & analytics
OFF-MARKET
Estimated value
$8,425,000
Grocery and convenience stores
647 Grn Bay Rd Neenah, WI 54956-3153
Entity Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US92-0822681
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2012
Total area
74,603 SF
Lot
4.96 ac (216,058 SF)
Zoning code
I1;PLANNED IND. PARK
APN
07-0616-0200
UPID
US92-0822681
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
-
Associated Bank ATM Atm
-
Associated Bank Bank Loan Service
-
Amazon Locker - Zoia Courier Service Postal Service
-
Festival Foods Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.03M
Comparable Approach
Comparable
$7.62M
Blend (final)
Blend
$8.43M
Owner & transaction history
Spring Creek Center LLC · 14 yrs held
Spring Creek Center LLC
since 2012
3 recorded transactions
Zoning & alternative use
I1;PLANNED IND. PARK · Neenah, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.7M
+100.3%
Office building
$7.3M
+49.8%
Apartment house (5+ units)
$6.8M
+40.6%
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 Neenah submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Neenah 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%
$11,945,000
6.5%
$11,025,000
7%
$10,240,000
Alternative Use
Use
Estimation
RESTAURANT
$9,715,000
Change: +100% · Conversion: Easy
OFFICE BUILDING
$7,265,000
Change: +50% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$6,820,000
Change: +41% · Conversion: Difficult
Blend value · Realmo final
$8.43M
Range $7.58M – $9.27M · ±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
$113 / 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
$159,845
Tax year 2023
Assessed value
$10,000,000
Assessed 2023
Previous assessed
$9,000,000
+11.1% YoY
Effective rate
1.60%
On assessed value
Assessed land
$1,513,000
Assessed improvement
$8,487,000
Land market value
$1,511,277
Improvement market value
$8,477,335
Total market value
$9,988,612
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2012
Heating
YES
Cooling
YES
Stories
1
Total area
74,603 SF
Lot
4.96 ac (216,058 SF)
Zoning code
I1;PLANNED IND. PARK
APN
07-0616-0200
UPID
US92-0822681
Jurisdiction
WINNEBAGO
Zoning & alternative use
I1;PLANNED IND. PARK · Neenah, WI
Zoning I1;PLANNED IND. PARK · permitted uses
I1;PLANNED IND. PARK · Neenah, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Neenah. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$9.7M
OFFICE BUILDING
Est. value
$7.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.8M
RESTAURANT
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
2012
Heating
YES
Cooling
Yes
Stories
1
Lot
4.96 ac
Current owner
From public records · entity-resolved
Spring Creek Center LLC
Entity
Mailing address
118 W PECKHAM ST, NEENAH, WI 54956-4028
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
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
Dec 5, 2012
—
Spring Creek Center LLC
—
Trustees Deed
related
$600,000 · Bmo Harris Bank
May 10, 2012
$4,300,000
Spring Creek Center LLC
Us Bank NA Series 2000-1
Grant Deed
$9,300,000 · Bmo Harris Bank
Oct 10, 2011
$1,200,000
Us Bank NA Series 2000-1
Sheriff Of Winnebago County
Trustees Deed
related
—
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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