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Property profile & analytics
OFF-MARKET
Estimated value
$8,340,000
Office buildings
215 Riverfront Ter Eau Claire, WI 54703-5097
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US92-1817820
Property summary
AI-generated overview
This exceptional Class A office building, located at 215 Riverfront Terrace in Eau Claire, Wisconsin, 54703, offers a unique opportunity for businesses seeking prime office space. The building, constructed in 2014, boasts 72,000 square feet across four stories and features one building with three total suites. Multiple tenancy options are available, with a minimum divisible space of 14,785 square feet and a maximum contiguous space of 31,544 square feet currently vacant. The building includes elevators for convenient access to all floors. Enjoy breathtaking views of the Chippewa River and Phoenix Park from this vibrant downtown location. Its central location provides easy access to a variety of restaurants, shops, and entertainment venues, fostering a strong work-life balance. This is a highly sought-after location, offering an ideal setting for businesses of all sizes. The building is in Eau Claire County and offers executive, traditional, and creative office space options.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2013
Total area
68,024 SF
Lot
0.8 ac (34,665 SF)
Zoning code
CBD
APN
08-0039- -000
UPID
US92-1817820
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
-
Jamf (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.05M
Blend (final)
Blend
$8.34M
Owner & transaction history
Pablo Properties LLC · 3 yrs held
Pablo Properties LLC
since 2023
1 recorded transaction
Zoning & alternative use
CBD · 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
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
$6,170,000
Current use
RETAIL STORES
$5,070,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$8.34M
Range $7.51M – $9.17M · ±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
$123 / 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
$224,694
Tax year 2023
Assessed value
$11,725,000
Assessed 2023
Previous assessed
$11,725,000
+0.0% YoY
Effective rate
1.92%
On assessed value
Assessed land
$693,300
Assessed improvement
$11,031,700
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
2013
Heating
HEAT PUMP
Cooling
YES
Stories
4
Total area
68,024 SF
Lot
0.8 ac (34,665 SF)
Zoning code
CBD
APN
08-0039- -000
UPID
US92-1817820
Jurisdiction
EAU CLAIRE
Zoning & alternative use
CBD · Eau Claire, WIZoning CBD · permitted uses
CBD · Eau Claire, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$6.2M
RETAIL STORES
Est. value
$5.1M
OFFICE BUILDING Current
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
2013
Heating
HEAT PUMP
Cooling
Yes
Stories
4
Lot
0.8 ac
Current owner
From public records · entity-resolved
Pablo Properties LLC
Entity
Mailing address
PO BOX 617, EAU CLAIRE, WI 54702-0617
Ownership since
2023
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
Jan 23, 2023
—
Pablo Properties LLC
—
Deed
related
$4,759,273 · Richard Z Halmstad
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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