Commercial Flex
New
For Sale
$780,000
2406 Ridge Road, Eau Claire, WI 54701
A six-year NNN leaseback provides a defined occupancy arrangement for the property.
Property Size5,227 SF
Lot Size0.30 Acres
Price / SF$149.23
Days on Market7
Property Features for 2406 Ridge Road
General Information
Standard status
Active
Size
5,227 SF
Lot size
0.30 Acres
Additional Details
Asking Price
$780,000
Tenant in Place
Yes
Property Use
Flex
Taxes and HOA fees
Annual Taxes
$5,746
Building Details
Building Size
5,227 SF
Listing Agency:
Team Trillium
(715) 514-0201
Listed By:
Scott Knepper · License #8573194
(715) 563-3311
Source:
Exprealty
Added: Oct 26
Changed: Nov 1
Last Checked: Nov 1 at 3:17PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The commercial flex building contains 5,227 square feet and occupies a 0.30-acre parcel. A six-year NNN leaseback is part of the property’s current arrangement.
At 2406 Ridge Road in Eau Claire, the property is near Business Highway 53, Highway 12, and established commercial businesses.
At 2406 Ridge Road in Eau Claire, the property is near Business Highway 53, Highway 12, and established commercial businesses.
Key Highlights
- 5,227‑square‑foot commercial flex building
- 0.30‑acre parcel
- Six‑year NNN leaseback
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,920
Cap Rate
3.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$618,400
$618.4K
Cap Rate 7%
$441,714
$441.7K
Cap Rate 9%
$343,556
$343.6K
Market Conditions
NOI Build-Up for 5,227 SF
Gross rent
$49.6K $9.48/SF
− Vacancy
−$2.0K −$0.38/SF
EGI
$47.6K $9.10/SF
− OpEx
−$16.6K −$3.19/SF
NOI
$30.9K $5.92/SF
Area
Eau Claire County, WI
Vacancy
4.00%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$618,400
Cap Rate 7%
$441,714
Cap Rate 9%
$343,556
Alternative Uses
Best Use
Industrial
$5.90M
$5.16M – $6.88M
NOI $412,943 @ 7.0% cap · market cap 52.94%
Second Best
Flex RnD
$441.7K
$386.5K – $515.3K
NOI $30,920 @ 7.0% cap · market cap 3.96%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
962
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - A six-year NNN leaseback provides a defined occupancy arrangement for the property.
Where is this flex space located?
The property is located at 2406 Ridge Road Eau Claire, WI.
What is the asking price?
The asking price for this property is $780,000.
What are key features of this property?
This property features: 5,227‑square‑foot commercial flex building; 0.30‑acre parcel; Six‑year NNN leaseback
