Eau Claire Multi-Tenant Investment
For Sale
Contact for pricing
1025 Starr Ave, Eau Claire, WI 54703
Multi-tenant commercial property in Eau Claire with income and upside.
Property Size8,267 SF
Lot Size0.19 Acres
Price / SF$107.66
Days on Market169
Property Features for 1025 Starr Ave
General Information
Standard status
Active
Size
8,267 SF
Class
B
Lot size
0.19 Acres
Property subtype
Mixed Use, Office, Retail
Zoning
Commercial
Occupancy
100%
Lease Type
Gross
Investment Type
Stabilized
Net Operating Income
$82,000
Building Details
Year Built
1937
Year Renovated
2023
Buildings
3
Stories
1
Units
11
Tenancy
Multi
Listing Agency:
Trillium Commercial Realty
(715) 874-4225
Listed By:
Scott Knepper · License #WI 85731-94
Source:
Crexi
Added: Feb 23
Changed: Aug 9
Last Checked: Aug 10 at 6:40AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Trillium Commercial Realty
Investment Insights
Based on property information with market context.
This multi-tenant commercial property is located in Eau Claire, Wisconsin. The property features multiple leased buildings situated on an 8,276 square foot parcel. The property benefits from stable in-place income and an attractive cap rate. Its location in a high-traffic area provides visibility and accessibility to major corridors and surrounding employers. The diversified tenancy and durable cash flow offer income reliability and future upside potential. The property offers immediate returns with flexibility for value creation.
Key Highlights
- Stable in‑place income and attractive cap rate.
- Strategic location in a high‑traffic area with excellent visibility.
- Diversified tenancy and durable cash flow.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$78,340
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,566,800
$1.6M
Cap Rate 7%
$1,119,143
$1.1M
Cap Rate 9%
$870,444
$870.4K
Market Conditions
NOI Build-Up for 8,267 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$124.0K $15.00/SF
− Vacancy
−$12.1K −$1.46/SF
EGI
$111.9K $13.54/SF
− OpEx
−$33.6K −$4.06/SF
NOI
$78.3K $9.48/SF
Area
Eau Claire County, WI
Vacancy
9.75%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,566,800
Cap Rate 7%
$1,119,143
Cap Rate 9%
$870,444
Alternative Uses
Best Use
Office B
$1.65M
$1.44M – $1.92M
NOI $115,176 @ 7.0% cap · market cap 12.94%
Second Best
Mixed Use
$1.47M
$1.28M – $1.71M
NOI $102,676 @ 7.0% cap · market cap 11.54%
Theoretical Best
Industrial
$9.33M
$8.16M – $10.89M
NOI $653,110 @ 7.0% cap · market cap 73.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
342
Businesses Nearby
Explore this area
Business Placement
Demographics for 54703, WI
44,593
Population
19,120
Households
2.3
Avg Household Size
35
Median Age
31%
College-Educated
95%
High-School Grad
81.1 sq mi
ZIP Area
550
Density / Sq Mi
$68,801
Median Household Income
$37,521
Median Earnings
$986
Median Rent
$224,600
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Multi-tenant commercial property in Eau Claire with income and upside.
Where is this mixed-use property located?
The property is located at 1025 Starr Ave Eau Claire, WI.
What is the asking price?
The asking price for this property is $890,000.
What are key features of this property?
This property features: Stable in‑place income and attractive cap rate.; Strategic location in a high‑traffic area with excellent visibility.; Diversified tenancy and durable cash flow.
