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Property profile & analytics
OFF-MARKET
Estimated value
$1,070,000
Office buildings
202 Water St Eau Claire, WI 54703-5699
Entity Owned
2-yr Hold
Free & Clear
Property ID
US92-0323387
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1881
Total area
6,320 SF
Lot
0.19 ac (8,250 SF)
Zoning code
CBDP
APN
05-0399- -000
UPID
US92-0323387
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
-
Caron's Campus Area Housing Real Estate Agency
-
Western Wisconsin Intervarsity Church Mosque
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.07M
CAP Approach
CAP
$1.45M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.07M
Owner & transaction history
208 Water Street LLC · 2 yrs held
208 Water Street LLC
since 2024
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
CBDP · Eau Claire, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.3M
+133.0%
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
$1,070,000
ML approach
$1,070,000
CAP Approach
CAP Return
Estimation
6%
$1,565,000
6.5%
$1,445,000
7%
$1,340,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,335,000
Change: +133% · Conversion: Easy
Blend value · Realmo final
$1.07M
Range $963k – $1.18M · ±10% · vs last sale $1.07M (Feb 26 2024)
Last sale anchor
$1.07M
Feb 26 2024
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
$169 / 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
$8,089
Tax year 2023
Assessed value
$385,700
Assessed 2023
Previous assessed
$385,700
+0.0% YoY
Effective rate
2.10%
On assessed value
Assessed land
$185,600
Assessed improvement
$200,100
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
1881
Heating
BASEBOARD
Stories
2
Units
1
Rooms
6
Total area
6,320 SF
Lot
0.19 ac (8,250 SF)
Zoning code
CBDP
APN
05-0399- -000
UPID
US92-0323387
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
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS)
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
1881
Heating
BASEBOARD
Stories
2
Units
1
Rooms
6
Lot
0.19 ac
Current owner
From public records · entity-resolved
208 Water Street LLC
Entity
Free & Clear · 2 yrs held
Mailing address
224 WATER ST, EAU CLAIRE, WI 54703-5699
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2024
$1,070,000
208 Water Street LLC
Jcap Campus Housing LLC
Warranty Deed
—
Oct 29, 2020
—
Jcap Campus Housing LLC
—
Deed
related
$1,600,000 · Merchants Bk
Jul 25, 2019
—
Jcap Campus Housing LLC
—
Deed
related
$526,536 · Merchants Bank
Mar 13, 2015
$355,000
Fallbrook Investments LLC
Nelson Mark R
Warranty Deed
—
Mar 13, 2015
—
Mark R Nelson
Nelson Trust
Quit Claim Deed
related
—
Dec 30, 2013
$300,000
Mark R Nelson
Nelson Trust
Dual Purpose Document
related
$121,030 · Nelson Trust (pt)
—
—
Jcap Campus Housing LLC
—
Loan Modification
related
$1,600,000 · Merchants Bk
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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