Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$21,615,000
Medical Office Space
1400 Bellinger St Eau Claire, WI 54703-5222
Individually Owned
5-yr Hold
Free & Clear
Property ID
US92-1165182
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1995
Total area
203,723 SF
Zoning code
CBDP
APN
06-0259- -000
UPID
US92-1165182
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
-
Dr. Parul Vashisth, MD Physician
-
John Bartholow , M.D. Physician
-
Weggel William J MD Physician
-
Peck Robert MD Physician
-
Fuhrer Richard E Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$21.75M
Blend (final)
Blend
$21.62M
Owner & transaction history
Mayo Clinic Health System-nort · 5 yrs held
Mayo Clinic Health System-nort
since 2020
1 recorded transaction
Zoning & alternative use
CBDP · Eau Claire, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$35.7M
+129.6%
Commercial (general)
$21.3M
+37.2%
Restaurant
$20.0M
+28.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$15,540,000
Current use
APARTMENT HOUSE (5+ UNITS)
$35,685,000
Change: +130% · Conversion: Moderate
COMMERCIAL (GENERAL)
$21,320,000
Change: +37% · Conversion: Easy
RESTAURANT
$19,975,000
Change: +29% · Conversion: Difficult
AUTO REPAIR, GARAGE
$18,580,000
Change: +20% · Conversion: Difficult
OFFICE BUILDING
$16,315,000
Change: +5% · Conversion: Easy
RETAIL STORES
$15,150,000
Change: -3% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$14,100,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$21.62M
Range $19.45M – $23.78M · ±10%
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
$106 / 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
$949,224
Tax year 2023
Assessed value
$49,523,000
Assessed 2023
Previous assessed
$49,523,000
+0.0% YoY
Effective rate
1.92%
On assessed value
Assessed land
$2,770,000
Assessed improvement
$46,753,000
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
Off-Market
Year built
1995
Heating
HOT WATER
Cooling
YES
Buildings
3
Stories
5
Total area
203,723 SF
Zoning code
CBDP
APN
06-0259- -000
UPID
US92-1165182
Jurisdiction
EAU CLAIRE
Zoning & alternative use
CBDP · Eau Claire, WI
Zoning CBDP · permitted uses
CBDP · 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
MEDICAL BUILDING Current
Est. value
$15.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$35.7M
COMMERCIAL (GENERAL)
Est. value
$21.3M
RESTAURANT
Est. value
$20.0M
AUTO REPAIR, GARAGE
Est. value
$18.6M
OFFICE BUILDING
Est. value
$16.3M
RETAIL STORES
Est. value
$15.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$14.1M
MEDICAL BUILDING Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
1995
Heating
HOT WATER
Cooling
Yes
Stories
5
Buildings
3
Current owner
From public records · entity-resolved
Mayo Clinic Health System-nort
Individual
Free & Clear · 5 yrs held
Mailing address
1221 WHIPPLE ST, EAU CLAIRE, WI 54703-5270
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2020
—
Mayo Clinic Health System-nort
Luther Hospital
Quit Claim Deed
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1400 Bellinger St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
