Fully Leased Flex
For Sale
Contact for pricing
Pending
2720 ARBOR CT, Eau Claire, WI 54701
A fully leased flex property with two professional tenants and a practical office-plus-warehouse layout.
Property Size4,800 SF
Days on Market86
Property Features for 2720 ARBOR CT
General Information
Standard status
Pending
Size
4,800 SF
Class
B
Property subtype
Office
Zoning
Industrial
Occupancy
100%
Additional Details
Office Units
2
Building Details
Year Built
1993
Year Renovated
2026
Stories
1
Units
2
Tenancy
Multi
Listing Agency:
Trillium Commercial Realty
(715) 874-4225
Listed By:
Scott Knepper · License #WI 85731-94
Source:
Crexi
Added: Jun 5
Changed: Aug 14
Last Checked: Aug 13 at 12:22PM
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
Investment Insights
Based on property information with market context.
This for-sale flex office/warehouse property totals 4,800 SF and is fully leased with two professional tenants in place. The lease terms include seven years remaining. The arrangement provides for 3% annual rent increases, and tenants reimburse applicable operating expenses.
The building is set on an ideal lot with efficient access and a layout designed to support both office and warehouse functions. A significant remodel investment of $500,000 has been made by a tenant, with improvements intended to enhance functionality and long-term appeal of the commercial space.
For buyers seeking an operationally ready commercial asset, the property’s current tenant occupancy and remaining lease term offer continuity. The mix of professional office space and warehouse utility can accommodate users that need both types of space under one roof, while the existing lease structure provides a defined framework for ongoing rent and expense reimbursement based on the terms described.
The building is set on an ideal lot with efficient access and a layout designed to support both office and warehouse functions. A significant remodel investment of $500,000 has been made by a tenant, with improvements intended to enhance functionality and long-term appeal of the commercial space.
For buyers seeking an operationally ready commercial asset, the property’s current tenant occupancy and remaining lease term offer continuity. The mix of professional office space and warehouse utility can accommodate users that need both types of space under one roof, while the existing lease structure provides a defined framework for ongoing rent and expense reimbursement based on the terms described.
Key Highlights
- 1993‑built industrial/flex property with 4,800 SF and two professional tenants
- Fully leased—seven years remaining on the lease term with two tenants in place
- 3% annual rent increases built into the lease terms
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
$66,874
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
6.08%
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%
$1,337,480
$1.3M
Cap Rate 7%
$955,343
$955.3K
Cap Rate 9%
$743,044
$743.0K
Market Conditions
NOI Build-Up for 4,800 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
$115.2K $24.00/SF
− Vacancy
−$26.0K −$5.42/SF
EGI
$89.2K $18.58/SF
− OpEx
−$22.3K −$4.64/SF
NOI
$66.9K $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%
$1,337,480
Cap Rate 7%
$955,343
Cap Rate 9%
$743,044
Alternative Uses
Best Use
Industrial
$5.42M
$4.74M – $6.32M
NOI $379,210 @ 7.0% cap · market cap 34.47%
Second Best
Office B
$955.3K
$835.9K – $1.11M
NOI $66,874 @ 7.0% cap · market cap 6.08%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
737
Businesses Nearby
Balanced
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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Similar Off Market Nearby
- Bar BQ Express — 3436 jill ave #7019, eau claire, wi 54701
Frequently Asked Questions
What type of property is this?
Flex space - A fully leased flex property with two professional tenants and a practical office-plus-warehouse layout.
Where is this flex space located?
The property is located at 2720 ARBOR CT Eau Claire, WI.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 1993‑built industrial/flex property with 4,800 SF and two professional tenants; Fully leased—seven years remaining on the lease term with two tenants in place; 3% annual rent increases built into the lease terms
