Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$985,000
Office buildings
2004 Highland Ave Eau Claire, WI 54701-4400
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US92-1298511
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Total area
24,096 SF
Lot
1.3 ac (56,570 SF)
Zoning code
C1A
APN
13-1381-A-000
UPID
US92-1298511
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
-
Eau Claire Office-Children's Wisconsin Community Center
-
AIL Midwest - Eau Claire Insurance Agency
-
Shoppers' Hotline Financial Advisor
-
Junior Achievement of Wisconsin - Northwest Area Child Welfare Organization Charitable Organization
-
Ann T. Ball, LMFT Marriage Or Relationship Counselor Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.05M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$942k
Blend (final)
Blend
$985k
Owner & transaction history
Rykey Properties LLC · 4 yrs held
Rykey Properties LLC
since 2022
Last sale
$1.1M
5 recorded transactions
Zoning & alternative use
C1A · Eau Claire, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$840,000
ML approach
$1,045,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$985k
Range $887k – $1.08M · ±10% · vs last sale $1.05M (Jun 15 2022)
Last sale anchor
$1.05M
Jun 15 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
$41 / 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
$20,391
Tax year 2023
Assessed value
$1,115,400
Assessed 2023
Previous assessed
$1,115,400
+0.0% YoY
Effective rate
1.83%
On assessed value
Assessed land
$282,900
Assessed improvement
$832,500
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1986
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
24,096 SF
Lot
1.3 ac (56,570 SF)
Zoning code
C1A
APN
13-1381-A-000
UPID
US92-1298511
Jurisdiction
EAU CLAIRE
Zoning & alternative use
C1A · Eau Claire, WI
Zoning C1A · permitted uses
C1A · 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.
Building & site characteristics
From public records
Year built
1986
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.3 ac
Current owner
From public records · entity-resolved
Rykey Properties LLC
Entity
Mailing address
PO BOX 3092, EAU CLAIRE, WI 54702-3092
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 13, 2024
—
Rykey Properties LLC
—
Deed
related
$1,410,000 · Westconsin Cu
Jun 15, 2022
$1,050,000
Rykey Properties LLC
Hensel Stroot Properties A LLC
Warranty Deed
$840,000 · First National Community Bank
Jun 15, 2010
—
Hensel-stroot Properties A LLC
Stroot,terry
Quit Claim Deed
related
—
Mar 1, 2004
—
Bruce A Bearson
Steinmetz,sam
Quit Claim Deed
related
—
—
—
Hensel-stroot Properties A LLC
—
Deed Of Trust
related
$400,000 · Bank Of Alma
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 2004 Highland Ave?
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.
