Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Medical Office Space For Rent Title is generated by Realmo AI

    1110 Oak Ridge Dr, Eau Claire, WI 54701

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Class A medical office space near universities and Mayo Clinic.

    Type:Office
    Property size:
    2,894 SF
    Added:
    May 10, 2024
    Days on Market:
    752
    Last Refresh:
    May 12 at 8:58 pm

    Property Features for 1110 Oak Ridge Dr

    General Information

    Standard status
    Active
    Size
    2,894 SF
    Property subtype
    Office

    Spaces For Lease

    at 1110 Oak Ridge Dr Contact us

    $18/Mo

    Size
    Type
    Office
    Contact us

    We can help!

    Listing Contact
    Scott Knepper

    Listing agent Scott Knepper License #WI 85731-94

    Listing office Trillium Commercial Realty

    Listing date May 10, 2024

    Source Crexi

    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

    HighLights

    • Prime location near University of Wisconsin Eau Claire, Chippewa Valley Technical College, and Mayo Clinic Health System’s Clairemont campus.
    • Opportunity to share space with a respected plastic surgeon, potentially leading to patient referrals.
    • Customizable lease terms to align with professional requirements.
    • Multiple space options available, ranging from 2034 SF - 2894 SF.
    • Exceptional visibility and accessibility for clients and patients.
    • Class A medical office space, offering prestige.

    Overview

    This Class A medical office space offers an opportunity to share space. It is strategically situated near the University of Wisconsin Eau Claire, Chippewa Valley Technical College, and Mayo Clinic Health System’s Clairemont campus. This location ensures visibility and accessibility for potential clients and patients. Lease terms are negotiable, with space options ranging from 2034 to 2894 square feet. Healthcare professionals seeking patient referrals may find collaboration potential within this space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ender Sandra Employment Agency Lamm Jamie N Physician J. Clinton Merrick, ... Physician Kathy Foster, LPN Registered General Nurse Alexander Ringeisen Ophthalmologist

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Ark Animal Hospital — 2914 Mondovi Rd, Eau Claire, WI 54701

    Location Insight

    • Map
    • Local Demand
    City
    Eau Claire
    County
    Eau Claire
    State
    Wisconsin
    Longitude
    -91.517774
    Latitude
    44.797061

    Nearby Similar for Lease

    • $9,093/Mo
      7,275 SF

      Eau Claire Medical Office Building

      Turn-key medical office building with modern functionality in Eau Claire.
      703 W Hamilton Avenue, Eau Claire, WI 54701
      View Details
    • Sponsored
      Contact for pricing

      WI, Eau Claire - Oakwood Mall Dr

      3402 Oakwood Mall Dr, Unit 200, Eau Claire, WI 54701
      View Details
    • $1,300/Mo
      1,120 SF

      Downtown Retail Space For Rent

      Prime retail space in downtown Eau Claire with high visibility.
      106 East Grand Avenue, Eau Claire, WI 54701
      View Details
    • $2,060/Mo
      2,471 SF

      Office Space with Natural Light

      Comfortable office space with utilities included and flexible lease terms.
      3603 N Hastings Way, Eau Claire, WI 54703
      View Details
    • $13 SF/Yr
      400 SF

      Office Space with Utilities Included

      Multi-tenant office building with easy access and included utilities.
      1324 W Clairemont Ave, Eau Claire, WI
      View Details
    • $15 SF/Yr
      2,220 SF

      Hastings Way Office Space Available

      Office space for lease with great visibility and parking.
      1107 Regis Ct, Eau Claire, WI
      View Details
    • Contact for pricing
      3,200 SF

      Well-Maintained Office Space Available

      Clean, efficient office space for rent in Eau Claire.
      3703 Oakwood Hills Pkwy, Eau Claire, WI 54701
      View Details
    • $12 SF/Yr
      1,342 SF

      Office Space in Gateway West

      Office space for lease in well-maintained multi-tenant building.
      2510-2530 Alpine Rd, Eau Claire, WI
      View Details
    • Contact for pricing
      1,800 SF

      Professional Office Space For Rent

      Highly visible 1,800 SF office space on Clairemont Avenue.
      2115 E Clairemont Ave Ste 2, Eau Claire, WI 54701
      View Details
    • Contact for pricing
      90,000 SF

      Prime Retail Space Available

      Up to 90,000 SF retail space in high-traffic location.
      2921 Mall Dr, Eau Claire, WI 54701
      View Details
    • Contact for pricing
      936 SF

      Medical District Office Space

      Affordable office suites in Eau Claire's medical district.
      1030 Oakridge Dr, Eau Claire, WI 54701
      View Details
    • Contact for pricing

      Downtown Eau Claire Retail Opportunity

      Retail space available in revitalized downtown Eau Claire.
      20 S Barstow St, Eau Claire, WI 54701
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Class A medical office space near universities and Mayo Clinic.
    Where is this medical office space located?
    The property is located at 1110 Oak Ridge Dr Eau Claire, WI.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Prime location near University of Wisconsin Eau Claire, Chippewa Valley Technical College, and Mayo Clinic Health System’s Clairemont campus.; Opportunity to share space with a respected plastic surgeon, potentially leading to patient referrals.; Customizable lease terms to align with professional requirements.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Scott Knepper
    Real Estate License ID: WI 85731-94
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1110 Oak Ridge Dr, Eau Claire, WI 54701
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!