Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    610 Randall St Eau Claire, WI 54703

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $500,000

    Commercial land located on Half Moon Lake near Mayo Clinic.

    Property size:
    1,492 SF

    Property Features for 610 Randall St

    General Information

    Size
    1,492 SF

    Building Details

    Year built
    1955

    We can help!

    Listing Contact
    Ryan Erickson
    Source: Naiglobal

    Listing Agent: Ryan Erickson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Land Near Mayo Clinic

    This commercial land is located in Eau Claire, Wisconsin, on Half Moon Lake. The property is surrounded by Mayo Clinic property and would fit well with the existing Mayo campus. The property size is 1492 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Eau Claire
    County
    Eau Claire
    State
    Wisconsin
    Longitude
    -91.51437
    Latitude
    44.814754

    Nearby Similar for Sale

    • $199,900
      2,073 SF

      Well-Maintained Duplex Investment Opportunity

      Duplex with long-term tenants, steady income, and flexible future use.
      635 Centre St, Eau Claire, WI 54703
      View Details
    • New
      $269,900
      2,754 SF

      Updated Duplex Near Downtown Eau Claire

      Updated duplex near transit, shopping, parks, and schools.
      703 Main St, Eau Claire, WI 54701
      View Details
    • New
      $259,900
      2,040 SF

      Well-Kept Duplex Near Downtown

      Updated duplex with excellent rental history near Eau Claire's attractions.
      1424 Mappa St, Eau Claire, WI 54703
      View Details
    • $200,000
      2,024 SF

      Eau Claire Income-Producing Duplex

      Tenant-occupied duplex near downtown Eau Claire, offering immediate returns.
      708 Jones St Unit 1 &, Eau Claire, WI 54701
      View Details
    • $199,000
      4,674 SF

      Commercial Strip Property For Sale

      Two-unit commercial property with parking and recent roof updates.
      1723 Western Ave, Eau Claire, WI 54703
      View Details
    • $499,900
      1,962 SF

      Commercial Building Near Starbucks

      High-visibility commercial building suitable for retail or automotive use.
      2509 Kirk St, Eau Claire, WI 54701
      View Details
    • $364,900
      3,914 SF

      Income-Producing Duplex in Eau Claire

      Well-located duplex with strong rental appeal on Eau Claire's south side.
      3401-3403 Garner St, Eau Claire, WI 54701
      View Details
    • $214,900
      1,350 SF

      Fully Rented Eau Claire Duplex

      Fully rented duplex with good rental history near downtown Eau Claire.
      2736 3Rd St, Eau Claire, WI 54703
      View Details
    • $174,900

      North Side Condo with Updates

      Well-maintained 2-bedroom condo with updated features and prime location.
      2741 Morningside Dr, Eau Claire, WI 54703
      View Details
    • Contact for pricing
      93,620 SF

      Retail Opportunity in Eau Claire

      High-visibility retail space available in a high-traffic commercial corridor.
      2921 Mall Dr, Eau Claire, WI 54701
      View Details
    • $670,000
      4,452 SF

      Downtown Eau Claire Retail Opportunity

      Retail space available in revitalized downtown Eau Claire.
      20 S Barstow St, Eau Claire, WI 54701
      View Details
    • $895,000
      4,461 SF

      Downtown Eau Claire Retail Condo

      4,300 SF retail condo, currently a fitness center.
      60 S Barstow St, Eau Claire, WI 54701
      View Details

    FAQs

    What type of property is this?
    Land - Commercial land located on Half Moon Lake near Mayo Clinic.
    Where is this land located?
    The property is located at 610 Randall St Eau Claire, WI.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: - Located on Half Moon Lake; - Surrounded by Mayo Clinic Property; - Would fit well with existing Mayo campus
    (715) 318-8666
    Request Owner's contact information
    610 Randall St Eau Claire, WI 54703
    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.
    610 Randall St
    Eau Claire, WI 54703
    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
    610 Randall St Eau Claire, WI 54703
    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

    We can help!
    Listing Contact
    Ryan Erickson
    Real Estate License ID: #58263-90
    (715) 318-8666
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.