Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    2141 Altoona Ave Eau Claire, WI 54701-3429
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2141 Altoona Ave Eau Claire, WI 54701-3429

    View on Map
    • Office buildings
    • 2,800 SF
    • 0.40 lot acres
    Off-Market
    Last Sale Nov 6, 2020
    Property ID
    US92-0514200
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Michael A. Lace, PsyD / Physician / Medical Clinic
    • Biesterveld & Spies, LLC / Accounting Firm / Tax Preparation

    Property Details for 2141 Altoona Ave

    Year built
    1980
    Lot size
    0.40 lot acres
    Property size
    2,800 SF
    Zone code
    C1A
    Property type
    Office buildings
    APN
    13-1375- -000
    APU
    131375000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Eau Claire
    County
    Eau Claire
    State
    Wisconsin
    Longitude
    -91.47
    Latitude
    44.8089
    CBSA code
    20740
    CBSA name
    EAU CLAIRE, WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,618
    $69,700
    $185,300
    $255,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $885,000
      7,163 SF

      1720 Harding Ave

      OFFICE BUILDING • 7,163 SF
      1720 Harding Ave, Eau Claire, WI 54701-4860
      View Details
    • Value Estimation
      $3,365,000
      30,061 SF

      3433 Oakwood Hls Pkwy

      OFFICE BUILDING • 30,061 SF
      3433 Oakwood Hls Pkwy, Eau Claire, WI 54701-7698
      View Details
    • Value Estimation
      $915,000
      7,397 SF

      3744 Oakwood Hls Pkwy

      OFFICE BUILDING • 7,397 SF
      3744 Oakwood Hls Pkwy, Eau Claire, WI 54701-7755
      View Details
    • Value Estimation
      $855,000
      6,880 SF

      4501 Royal Dr

      OFFICE BUILDING • 6,880 SF
      4501 Royal Dr, Eau Claire, WI 54701-9002
      View Details
    • Value Estimation
      $665,000
      5,308 SF

      4260 Southtowne Dr

      OFFICE BUILDING • 5,308 SF
      4260 Southtowne Dr, Eau Claire, WI 54701-2635
      View Details
    • Value Estimation
      $2,420,000
      22,944 SF

      4410 Golf Ter

      OFFICE BUILDING • 22,944 SF
      4410 Golf Ter, Eau Claire, WI 54701-8598
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      50,600 SF

      Massive Manufacturing Building with Parking

      Iconic building with office spaces, storage, and parking lots.
      701 Farwell St, Eau Claire, WI 54701
      View Details
    • Contact for pricing
      4,292 SF

      Eau Claire Commercial Opportunity

      Commercial property with flexible layout and strong tenant history.
      3806 Oakwood Hills Pkwy, Eau Claire, WI 54701
      View Details
    • $599,000
      7,110 SF

      Prime Retail Space on Brackett Avenue

      Highly visible commercial property in established Eau Claire location.
      1807 Brackett Ave, Eau Claire, WI 54701
      View Details
    • $499,900
      1,962 SF

      Commercial Building Near Starbucks

      High-visibility commercial building with shop and office space.
      2509 Kirk St, Eau Claire, WI 54701
      View Details
    • Contact for pricing

      New Self-Storage Facility For Sale

      New self-storage facility with 593 units, completed August 2024.
      4155 Old Town Hall Rd, Eau Claire, WI 54701
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Space in Oakwood Hills

      Office space available in a professional building with ample parking.
      3430 Oakwood Mall Dr, Eau Claire, WI 54701
      View Details
    • Contact for pricing
      13,500 SF

      Office Space in Oakwood Hills

      Office space available in a professional building with ample parking.
      3430 Oakwood Mall Dr, Eau Claire, WI 54701
      View Details
    • Contact for pricing
      27,000 SF

      Class A Office Building

      Class A office building in a prime location.
      5410 Sevens Pkwy, Eau Claire, WI 54701
      View Details
    • Contact for pricing

      Versatile Commercial Space for Rent

      90,000 SF building suitable for various business types.
      2725 Mall Dr, Eau Claire, WI 54701
      View Details
    • Contact for pricing

      Downtown Retail/Fitness Space Available

      First-floor space ideal for retail or fitness in downtown Eau Claire.
      415 S Farwell St, Eau Claire, WI 54701
      View Details
    • Contact for pricing
      9,000 SF

      Medical District Office Space Available

      Affordable office suites in Eau Claire's medical district.
      1030 Oak Ridge Dr, Eau Claire, WI 54701
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2141 Altoona Ave
    Eau Claire, WI 54701-3429
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!