Class A Flex Industrial
For Sale
$6,400,000
2536 Alpine Rd, Eau Claire, WI 54703
Class A flex facility combining office, showroom, warehouse, and light manufacturing with dock and drive-in loading.
Property Size69,320 SF
Price / SF$92.33
Days on Market70
Property Features for 2536 Alpine Rd
General Information
Standard status
Active
Size
69,320 SF
Class
A
Property subtype
Industrial
Warehouse & Industrial
Clear Height
20 ft
Heavy Power
Yes
Listing Agency:
Minneapolis - St. Paul
(952) 897-7861
Listed By:
Andy Lubinski · License #40783440
(952) 897-7861
Source:
Colliers
Added: Jun 23
Changed: Aug 25
Last Checked: Aug 30 at 1:03PM
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 Minneapolis - St. Paul
Investment Insights
Based on property information with market context.
2536 Alpine Road is a 69,320 SF Class A flex industrial and showroom facility featuring a versatile mix of office, showroom, warehouse, and light manufacturing space. The building is supported by heavy power infrastructure and offers 20'+ clear heights, with both dock and drive-in loading for flexible move-in and operations.
The property is located at 2536 Alpine Rd in Eau Claire, Wisconsin, and is being marketed as an investor or owner-user sale.
The arrangement is designed to support a functional single-site footprint for businesses that need both customer-facing showroom space and warehouse or light manufacturing areas, with loading capabilities suited to a range of tenant requirements.
The property is located at 2536 Alpine Rd in Eau Claire, Wisconsin, and is being marketed as an investor or owner-user sale.
The arrangement is designed to support a functional single-site footprint for businesses that need both customer-facing showroom space and warehouse or light manufacturing areas, with loading capabilities suited to a range of tenant requirements.
Key Highlights
- 69,320 SF Class A flex industrial and showroom property in Eau Claire, WI
- Built in 1998 with office, showroom, warehouse, and light manufacturing space
- Dock and drive‑in loading included for loading flexibility
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
$552,995
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
8.64%
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%
$11,059,900
$11.1M
Cap Rate 7%
$7,899,929
$7.9M
Cap Rate 9%
$6,144,389
$6.1M
Market Conditions
NOI Build-Up for 69,320 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
$657.2K $9.48/SF
− Vacancy
−$6.6K −$0.09/SF
EGI
$650.6K $9.39/SF
− OpEx
−$97.6K −$1.41/SF
NOI
$553.0K $7.98/SF
Area
Eau Claire County, WI
Vacancy
1.00%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
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%
$11,059,900
Cap Rate 7%
$7,899,929
Cap Rate 9%
$6,144,389
Alternative Uses
Best Use
Industrial
$78.23M
$68.46M – $91.27M
NOI $5,476,419 @ 7.0% cap · market cap 85.57%
Second Best
Warehouse
$7.90M
$6.91M – $9.22M
NOI $552,995 @ 7.0% cap · market cap 8.64%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20 ft
Clear height
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
132
Businesses Nearby
Well-served
Demand for This Use
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 Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Class A flex facility combining office, showroom, warehouse, and light manufacturing with dock and drive-in loading.
Where is this flex space located?
The property is located at 2536 Alpine Rd Eau Claire, WI.
What is the asking price?
The asking price for this property is $6,400,000.
What are key features of this property?
This property features: 69,320 SF Class A flex industrial and showroom property in Eau Claire, WI; Built in 1998 with office, showroom, warehouse, and light manufacturing space; Dock and drive‑in loading included for loading flexibility
