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Property profile & analytics
FOR LEASE
Medical Office Space
1110 Oak Ridge Dr Eau Claire, WI 54701
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US92-0164241
For Lease
1 / 31
$18 SF/Yr
1110 Oak Ridge Dr, Eau Claire, WI 54701
View Listing →
Property summary
AI-generated overview
This exceptional Class A medical office building at 1110 Oak Ridge Drive in Eau Claire, Wisconsin, 54701, presents a unique investment opportunity. The single-tenant property sits on 1.089 acres of land and offers flexible space options ranging from 2,034 square feet to 2,895 square feet. Ideally suited for medical professionals, this building provides a prestigious address and excellent visibility, strategically located near major healthcare institutions and educational facilities. Its proximity to the University of Wisconsin Eau Claire, Chippewa Valley Technical College, and Mayo Clinic Health System’s Clairemont campus ensures high patient traffic and accessibility. The property allows for customization of lease terms to meet individual professional needs. This is an unparalleled chance to establish or expand a medical practice in a collaborative environment with an existing respected plastic surgeon. The building's design and location offer a significant advantage for attracting and retaining patients. Lease terms are negotiable, making this a highly attractive proposition for healthcare professionals seeking a thriving practice location. Contact us today to learn more about this exceptional opportunity.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2001
Total area
9,536 SF
Lot
1.09 ac (47,442 SF)
Zoning code
C2
APN
15-1061-Y-000
UPID
US92-0164241
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Ender Sandra Employment Agency
-
Lamm Jamie N Physician
-
J. Clinton Merrick, MD Physician Medical Clinic
-
Kathy Foster, LPN Registered General Nurse
-
Alexander Ringeisen Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.54M
CAP Approach
CAP
$1.97M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.74M
Owner & transaction history
Merrick Properties LLC · 3 yrs held
Merrick Properties LLC
since 2022
Last sale
$1.7M
2 recorded transactions
Zoning & alternative use
C2 · Eau Claire, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.4M
+140.3%
Commercial (general)
$1.2M
+101.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Eau Claire submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Eau Claire submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,785,000
ML approach
$1,540,000
CAP Approach
CAP Return
Estimation
6%
$2,135,000
6.5%
$1,970,000
7%
$1,830,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,380,000
Change: +140% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,155,000
Change: +101% · Conversion: Easy
Blend value · Realmo final
$1.74M
Range $1.57M – $1.91M · ±10% · vs last sale $1.70M (Aug 3 2022)
Last sale anchor
$1.70M
Aug 3 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$182 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$32,135
Tax year 2023
Assessed value
$1,756,000
Assessed 2023
Previous assessed
$1,756,000
+0.0% YoY
Effective rate
1.83%
On assessed value
Assessed land
$379,500
Assessed improvement
$1,376,500
Applied tax rate
1,554.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
2001
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
9,536 SF
Lot
1.09 ac (47,442 SF)
Zoning code
C2
APN
15-1061-Y-000
UPID
US92-0164241
Jurisdiction
EAU CLAIRE
Zoning & alternative use
C2 · Eau Claire, WI
Zoning C2 · permitted uses
C2 · Eau Claire, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Eau Claire. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2001
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.09 ac
Current owner
From public records · entity-resolved
Merrick Properties LLC
Entity
Mailing address
659 W HAMILTON AVE, EAU CLAIRE, WI 54701-6925
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 3, 2022
$1,700,000
Merrick Properties LLC
Cdc Partners LLC
Warranty Deed
$1,700,000 · Bank Of America
Mar 30, 2021
—
Cdc Partners LLC
—
Deed
related
$630,000 · Royal Cu
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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