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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    215 Riverfront Ter Eau Claire, WI 54703-5097

    • Office buildings
    • 68,024 SF
    • 0.80 lot acres
    OFF-MARKET
    Value Estimations
    $8,340,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-1817820
    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.

    Current Use by Public Records

    • Jamf / Software Company

    Property Details for 215 Riverfront Ter

    Year built
    2013
    Lot size
    0.80 lot acres
    Property size
    68,024 SF
    Zone code
    CBD
    Property type
    Office buildings
    APN
    08-0039- -000
    APU
    80039000

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $9,047,000
      Market price range: $3.05M - $9.05M
      AI Estimate
      $8,109,000
      Market price range: $2.50M - $8.11M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $6,170,000
      Current use
      RETAIL STORES
      $5,070,000
      Change: -18% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Eau Claire
    County
    Eau Claire
    State
    Wisconsin
    Longitude
    -91.5038
    Latitude
    44.814
    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
    $224,694
    $693,300
    $11,031,700
    $11,725,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $665,000
      11,960 SF

      Mcintyre Ave

      OFFICE BUILDING • 11,960 SF
      Mcintyre Ave, Eau Claire, WI 54703
      View Details
    • Value Estimation by Request
      8,364 SF

      1303 Western Ave

      OFFICE BUILDING • 8,364 SF
      1303 Western Ave, Eau Claire, WI 54703-1857
      View Details
    • Value Estimation
      $940,000
      7,084 SF

      800 Wisconsin St

      OFFICE BUILDING • 7,084 SF
      800 Wisconsin St, Eau Claire, WI 54703-3588
      View Details
    • Value Estimation by Request
      1,300 SF

      440 Broadway St

      OFFICE BUILDING • 1,300 SF
      440 Broadway St, Eau Claire, WI 54703-5562
      View Details
    • Value Estimation by Request
      2,496 SF

      2722 Eddy Ln

      OFFICE BUILDING • 2,496 SF
      2722 Eddy Ln, Eau Claire, WI 54703-1204
      View Details
    • Value Estimation by Request
      7,372 SF

      116 Grand Ave

      OFFICE BUILDING • 7,372 SF
      116 Grand Ave, Eau Claire, WI 54703-5325
      View Details

    Similar Nearby for Sale

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    • New
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      Residential Land in Eau Claire

      Residential land with water and park access in Eau Claire.
      24Th Ave, Eau Claire, WI 54703
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    • New
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      Residential Land in Eau Claire

      Residential land with water laterals installed and park access.
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    Similar Nearby for Lease

    • New
      $6,840 /Mo
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      Office Space with Natural Light

      Comfortable office space with easy access in Eau Claire, WI.
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    • Contact for pricing
      14,858 SF

      Office/Flex Space in Eau Claire

      2,993 SF office/flex space with high visibility.
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    • New
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      Comfortable Office Space Available

      Office space with reception, kitchenette, conference room, natural light.
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      View Details
    • $12 SF/Yr
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      Downtown Eau Claire Corner Office

      Corner office space in downtown Eau Claire with ample parking.
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    • $2,400 /Mo
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      Downtown Eau Claire Commercial Space

      Adaptable commercial space in revitalized downtown Eau Claire.
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    • $153 SF/Yr
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      Gateway West Office Space Available

      6,120 sq ft Office, Eau Claire County
      2510 Alpine Rd, Eau Claire, WI 54703
      View Details
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    215 Riverfront Ter
    Eau Claire, WI 54703-5097
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    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
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