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    15 Eau Claire St Rice Lake, WI 54868

    Sponsored
    For Lease
    $14 SF/Yr ($999 /Mo)

    836 sq ft Office, Immediate Occupancy

    Lot size:
    836 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    404
    This exceptional commercial property located at 15 E Eau Claire Street in Barron County offers a single-tenant office space totaling 836 square feet. The property is immediately available and boasts a highly desirable location. The building itself is a single-suite office, providing a private and efficient workspace. The owner is motivated to work with prospective tenants and is open to customizing the space to meet specific needs. This flexibility makes it an ideal opportunity for businesses seeking a tailored office environment. Beyond the main office area, the property includes valuable off-street parking located directly behind the building, providing convenient and secure parking for employees and clients. Furthermore, a full basement offers ample storage space, addressing a common need for businesses of all sizes. This combination of immediate availability, customizable space, convenient parking, and substantial storage makes this 836 square foot office a truly compelling opportunity in a prime Barron County location. The property is classified as both office and land, presenting potential for future expansion or development. This is a rare chance to secure a well-situated, adaptable office space in a thriving area. Contact us today to schedule a viewing and explore the possibilities.

    Property Features for 15 Eau Claire St

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    836 SF
    Total Rate
    999.72

    Unit(s) available at that property

    Space
    Size
    836 SF
    Rate per SF
    $14

    We can help!

    Listing Contact
    Ben Rivard
    Ben Rivard

    Learn more

    Property Insight Report

    HighLights

    • 836 square foot office building on a single lot in Barron County.
    • Single‑tenant occupancy.
    • Immediately available.
    • Owner willing to customize space to tenant needs.
    • Features off‑street parking and a full basement for storage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Rice Lake
    County
    Barron
    State
    Wisconsin
    Longitude
    -91.7323276
    Latitude
    45.5036497

    Nearby Comparable

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    Nearby Similar for Lease

    • $3,500 /Mo
      3,300 SF

      Rice Lake Office Suite

      Finished office space in a multi-office suite building.
      12 W Marshall St, Rice Lake, WI 54868
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    • $2,150 /Mo
      1,943 SF

      Modern Office Suite in Rice Lake

      High-visibility office space with modern finishes and ample natural light.
      1507 W Knapp St, Rice Lake, WI 54868
      View Details
    • $550 /Mo
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      Rice Lake Office Space Available

      Affordable office space in a multi-unit building near downtown.
      12 W Marshall St, Rice Lake, WI 54868
      View Details
    • $300 /Mo
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      Affordable Office Space in Rice Lake

      Office space for lease in downtown Rice Lake, Wisconsin.
      12 W Marshall St, Rice Lake, WI 54868
      View Details
    • Contact for pricing
      4,460 SF

      Retail Space with Drive-Thru

      Highly visible retail space with drive-thru in active commercial corridor.
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      Rice Lake Industrial Distribution Center

      16,750 SF Warehouse, 14,760 SF Vacant
      310 St, Rice Lake, WI 54868
      View Details
    • Contact for pricing
      6,000 SF

      Class A Office Space Available

      4,000 SF Class A office space for rent.
      1701 W Knapp St, Rice Lake, WI 54868
      View Details
    • Contact for pricing
      19,392 SF

      Class A Office Space Available

      Newly constructed office building in Rice Lake, 1,100-7,200 SF.
      2600 S Wisconsin Ave, Rice Lake, WI 54868
      View Details
    • Contact for pricing
      5,000 SF

      Retail Space in Village Square

      Retail space available in high-traffic Rice Lake development.
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    • $10 SF/Yr
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      Flexible office space, great location, ample parking.
      2700 College Dr, Rice Lake, WI 54868
      View Details
    • Contact for pricing
      4,460 SF

      Rice Lake Drive-Thru Retail Space

      High-traffic location, 2,060 SF available.
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    FAQs

    What type of property is this?
    Land - 836 sq ft Office, Immediate Occupancy
    Where is this land located?
    The property is located at 15 Eau Claire St Rice Lake, WI.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: 836 square foot office building on a single lot in Barron County.; Single-tenant occupancy.; Immediately available.
    Request Owner's contact information
    15 Eau Claire St Rice Lake, WI 54868
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    Rice Lake, WI 54868
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    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
    15 Eau Claire St Rice Lake, WI 54868
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    We can help!
    Listing Contact
    Ben Rivard
    Ben Rivard
    Real Estate License ID: WI
    Learn more
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