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    Property profile & analytics

    955 Mutual Way Appleton, WI 54913-8415

    • Outlet malls
    • 115,908 SF
    • 19.73 lot acres
    OFF-MARKET
    Last Sale
    Jun 12, 2025
    $15,500,000
    Value Estimations
    $12,205,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-1092380
    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.

    Current Use by Public Records

    • Walmart Photo Center / (Bike/Boat/Book/etc) Store
    • Walmart Home Theater Installation / Electrical Service / General Contractor
    • Walmart Home Services / Social Service Agency
    • Christy Vogel / Pharmacy
    • Caitlin Behrens / Pharmacy

    Property Details for 955 Mutual Way

    Year built
    1992
    Lot size
    19.73 lot acres
    Property size
    115,908 SF
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    10-1-1242-06
    APU
    101124206

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $13,105,000
      Market price range: $7.06M - $24.9M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $16,615,000
      Current use
      AUTO REPAIR, GARAGE
      $16,200,000
      Change: -2% Conversion: Difficult
      OFFICE BUILDING
      $15,045,000
      Change: -9% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Appleton
    County
    Outagamie
    State
    Wisconsin
    Longitude
    -88.4794
    Latitude
    44.2693
    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
    $174,320
    $4,390,500
    $5,609,500
    $10,000,000
    -
    $5,692,702
    $7,273,252
    $12,965,954

    Comparable in this City

    • Value Estimation
      $1,030,000
      11,066 SF

      3800 Providence Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 11,066 SF
      3800 Providence Ave, Appleton, WI 54913-8016
      View Details
    • Value Estimation
      $1,895,000
      19,680 SF

      5402 Integrity Way

      WHOLESALE OUTLET, DISCOUNT STORE • 19,680 SF
      5402 Integrity Way, Appleton, WI 54913-9120
      View Details
    • Value Estimation
      $5,500,000
      62,646 SF

      346 Casaloma Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 62,646 SF
      346 Casaloma Dr, Appleton, WI 54913-9101
      View Details
    • Value Estimation
      $1,055,000
      11,250 SF

      3001 Enterprise Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 11,250 SF
      3001 Enterprise Ave, Appleton, WI 54913-7769
      View Details
    • Value Estimation
      $4,320,000
      132,035 SF

      4750 Grande Market Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 132,035 SF
      4750 Grande Market Dr, Appleton, WI 54913-8612
      View Details
    • Value Estimation
      $12,940,000
      148,352 SF

      5401 Integrity Way

      WHOLESALE OUTLET, DISCOUNT STORE • 148,352 SF
      5401 Integrity Way, Appleton, WI 54913-8602
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      135 SF

      Fox River Mall Retail Opportunity

      Former Sears available for lease at Fox River Mall.
      4301 W Wisconsin Ave | Appleton, Appleton, WI 54913
      View Details
    • $1,900,000
      20,000 SF

      Prime Retail Space, Northlake Blvd

      Free-standing building, high traffic area.
      200 Mall Dr, Appleton, WI 54913
      View Details
    • Contact for pricing
      47 SF

      Retail Center Near Fox River Mall

      Retail spaces available in high-traffic, Petco/Guitar Center anchored center.
      711 Casaloma Dr, Appleton, WI 54913
      View Details
    • Contact for pricing
      135,200 SF

      Fox River Mall Redevelopment Opportunity

      135,200 SF Retail Development Site
      4301 Wisconsin Ave, Appleton, WI 54913
      View Details
    • Contact for pricing
      20,000 SF

      Exceptional Retail Property Near Mall

      Retail property near Fox River Mall with high traffic counts.
      200 N Mall Dr, Appleton, WI 54913
      View Details
    • Contact for pricing
      5.00 Acres

      I-41 Commercial Land, Appleton, WI

      Prime Retail Site, I-41 Frontage, High Visibility
      0 Westfield Dr, Appleton, WI 54913
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      6,000 SF

      Retail Space Near Fox River

      Retail space in high-traffic Appleton location near Fox River.
      4731-4737 W Michaels Dr, Appleton, WI 54913
      View Details
    • $14 SF/Yr
      19,535 SF

      Casaloma Drive Office Space

      Modern Appleton office suites, flexible layouts.
      1600 Casaloma Dr, Appleton, WI 54913
      View Details
    • $20 SF/Yr
      12,000 SF

      Schroth Lane Office Space Available

      Appleton, WI Office Suites - 1,500+ sq ft
      5145 Schroth Ln, Appleton, WI 54913
      View Details
    • $10 SF/Yr
      2,500 SF

      Appleton Retail Space For Lease

      Prime Appleton location, 2,500 sq ft.
      4805 Michaels Dr, Appleton, WI 54913
      View Details
    • Contact for pricing
      761 SF

      Meijer In-Store Retail Space

      761 sq ft, prime Midwest location
      3801 Richmond St, Appleton, WI 54913
      View Details
    • $12 SF/Yr
      115,522 SF

      Trasino Centre: Appleton Office Space

      Class A Office Suites, Appleton, WI
      1758 Casaloma Dr, Appleton, WI 54913
      View Details
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    955 Mutual Way
    Appleton, WI 54913-8415
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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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