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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1030 Oak Ridge Dr Eau Claire, WI 54701

    • Medical offices
    • 5,688 SF
    • 1.05 lot acres
    For Lease
    View listing
    Last Sale
    May 16, 2023
    $4,700
    Value Estimations
    $95,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-0462754
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Chippewa Valley Free Clinic / Free Clinic / Medical Clinic
    • Eric D. Willmarth, LMT / Massage Therapist
    • wisconsin scoliosis specialists - spinecor brace wisconsin / Medical Clinic
    • Schwab Chiropractic Clinic / Chiropractor
    • Scoliosis Center of Wisconsin / Chiropractor

    Property Details for 1030 Oak Ridge Dr

    Year built
    1972
    Lot size
    1.05 lot acres
    Property size
    5,688 SF
    Zone code
    C2
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    15-1061-L-000
    APU
    151061L000

    Description

    This two-story, Class B office building at 1030 Oakridge Drive in Eau Claire offers 10,900 square feet of space, with 935 square feet currently vacant. Built in 1972, the property sits on a generous 45,814 square foot lot and features a single building. The available space is an affordable lower-level suite, ideal for medical-related businesses. Its prime location in the medical district offers easy access to major healthcare facilities, including the Mayo Systems Clairemont Clinic. The building's proximity to the University of Wisconsin Eau Claire and Chippewa Valley Technical College provides a strong talent pool and potential customer base. The multiple tenancy structure allows for flexibility and potential for future growth. This is an excellent opportunity for businesses seeking a well-located, affordable office space in a thriving area. The vacant suite comprises 935 square feet, offering ample room for various office configurations. The building's traditional style provides a classic and established presence in the community. Serious inquiries are encouraged to explore this promising investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $95,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Eau Claire
    County
    Eau Claire
    State
    Wisconsin
    Longitude
    -91.5161
    Latitude
    44.797
    CBSA code
    20740
    CBSA name
    EAU CLAIRE, WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,699
    $135,600
    $123,800
    $259,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      1109 Clairemont Ave

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      1109 Clairemont Ave, Eau Claire, WI 54701-6105
      View Details
    • Value Estimation
      $1,835,000
      9,536 SF

      1110 Oak Rdg Dr

      MEDICAL BUILDING • 9,536 SF
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    • Value Estimation
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      3213 Stein Blvd

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    • Value Estimation by Request
      8,611 SF

      2119 Hts Dr

      MEDICAL BUILDING • 8,611 SF
      2119 Hts Dr, Eau Claire, WI 54701-6130
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    Similar Nearby for Lease

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      Eau Claire Medical Office Building

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      Eau Claire Medical Office Space

      Class A medical office, prime location.
      1110 Oak Ridge Dr, Eau Claire, WI 54701
      View Details
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      Prime Medical Office Space in Eau Claire, WI

      91,000 SF Medical Office Building, 50,000 SF Available
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      View Details
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      Prime Eau Claire Office Space

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      Prime Eau Claire Retail Space

      1820 sq ft Office/Retail, $1820/month
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      View Details
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    Eau Claire, WI 54701
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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
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