Two-Suite Medical Office
For Sale
$1,690,000
1110 Oak Ridge Dr, Eau Claire, WI 54701
Class A medical setting with separate suites and flexible occupancy arrangements.
Property Size9,536 SF
Price / SF$177.22
Days on Market28
Property Features for 1110 Oak Ridge Dr
General Information
Standard status
Active
Size
9,536 SF
Class
Class A
Additional Details
Office Units
2
Taxes and HOA fees
Annual Taxes
$35,880
Listing Agency:
Team Trillium
(715) 563-3311
Listed By:
Scott Knepper · License #8573194
(715) 563-3311
Source:
Exprealty
Added: Jul 28
Changed: Aug 23
Last Checked: Aug 22 at 11:28AM
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 Team Trillium
Investment Insights
Based on property information with market context.
This 9,536-square-foot Class A medical office property includes two separate office suites, providing flexible occupancy options within one professional setting. The configuration supports an owner-user arrangement, including the possibility of occupying one suite while leasing the other. A current medical practice may remain under a leaseback arrangement, subject to lease terms.
The property is located at 1110 Oak Ridge Dr in Eau Claire, Wisconsin, with proximity to Marshfield Clinic, UW–Eau Claire, CVTC, and Mayo Clinic Health System. Its stated use profile is suited to medical, dental, wellness, and other professional office operations.
The property is located at 1110 Oak Ridge Dr in Eau Claire, Wisconsin, with proximity to Marshfield Clinic, UW–Eau Claire, CVTC, and Mayo Clinic Health System. Its stated use profile is suited to medical, dental, wellness, and other professional office operations.
Key Highlights
- 9,536 SF Class A medical office building
- Two separate office suites with flexible occupancy options
- Current medical practice may remain through a leaseback arrangement
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
$132,856
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
7.86%
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%
$2,657,120
$2.7M
Cap Rate 7%
$1,897,943
$1.9M
Cap Rate 9%
$1,476,178
$1.5M
Market Conditions
NOI Build-Up for 9,536 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
$228.9K $24.00/SF
− Vacancy
−$51.7K −$5.42/SF
EGI
$177.1K $18.58/SF
− OpEx
−$44.3K −$4.64/SF
NOI
$132.9K $13.93/SF
Area
Eau Claire County, WI
Vacancy
22.60%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
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%
$2,657,120
Cap Rate 7%
$1,897,943
Cap Rate 9%
$1,476,178
Alternative Uses
Best Use
Office B
$1.90M
$1.66M – $2.21M
NOI $132,856 @ 7.0% cap · market cap 7.86%
Second Best
Healthcare Medical
$1.83M
$1.60M – $2.13M
NOI $127,983 @ 7.0% cap · market cap 7.57%
Theoretical Best
Industrial
$10.76M
$9.42M – $12.56M
NOI $753,363 @ 7.0% cap · market cap 44.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
1,445
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 54701, WI
41,346
Population
17,932
Households
2.3
Avg Household Size
35
Median Age
42%
College-Educated
98%
High-School Grad
86.0 sq mi
ZIP Area
481
Density / Sq Mi
$71,406
Median Household Income
$37,658
Median Earnings
$963
Median Rent
$265,000
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?
Medical Office Space - Class A medical setting with separate suites and flexible occupancy arrangements.
Where is this medical office space located?
The property is located at 1110 Oak Ridge Dr Eau Claire, WI.
What is the asking price?
The asking price for this property is $1,690,000.
What are key features of this property?
This property features: 9,536 SF Class A medical office building; Two separate office suites with flexible occupancy options; Current medical practice may remain through a leaseback arrangement
