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Property profile & analytics
OFF-MARKET
Estimated value
$885,000
Office buildings
1720 Harding Ave Eau Claire, WI 54701-4860
Individually Owned
19-yr Hold
Free & Clear
Property ID
US92-3451354
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2008
Total area
7,163 SF
Lot
0.94 ac (40,730 SF)
Zoning code
C2
APN
13-1356- -000
UPID
US92-3451354
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
-
Chippewa Valley Vein Center Physician
-
Medical X-Ray Consultants Physician Medical Clinic
-
Tham Jacques MD Physician Medical Clinic
-
Hanson Peter MD Physician
-
Whitis Benjamin MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$886k
Blend (final)
Blend
$885k
Owner & transaction history
Kenneth Mickelson · 19 yrs held
Kenneth Mickelson
since 2006
3 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
+134.1%
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
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
OFFICE BUILDING
$615,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,440,000
Change: +134% · Conversion: Easy
RETAIL STORES
$535,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$885k
Range $797k – $974k · ±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
$124 / 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
$22,672
Tax year 2023
Assessed value
$1,114,000
Assessed 2023
Previous assessed
$1,114,000
+0.0% YoY
Effective rate
2.04%
On assessed value
Assessed land
$240,800
Assessed improvement
$873,200
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2008
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
7,163 SF
Lot
0.94 ac (40,730 SF)
Zoning code
C2
APN
13-1356- -000
UPID
US92-3451354
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
OFFICE BUILDING Current
Est. value
$615,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.4M
RETAIL STORES
Est. value
$535,000
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
2008
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.94 ac
Current owner
From public records · entity-resolved
Kenneth Mickelson
Individual
Free & Clear · 19 yrs held
Mailing address
1720 HARDING AVE STE #2, EAU CLAIRE, WI 54701-4861
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2008
—
Edward S Donnellan
—
Trustees Deed
related
$975,000 · Charter Bank
Oct 4, 2006
$470,000
Kenneth Mickelson
Nelson,steven L
Warranty Deed
—
—
—
Edward S Donnellan
—
Deed Of Trust
related
$1,115,000 · Charter Bank
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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