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Property profile & analytics
OFF-MARKET
Estimated value
$1,520,000
Refrigerated & Cold Storage
2234 Sunset Dr Eau Claire, WI 54703-5861
Entity Owned
4-yr Hold
Free & Clear
Property ID
US92-0543472
Property profile
Verified
Property type
Refrigerated & Cold Storage
Use group
COLD STORAGE
Year built
1979
Total area
25,002 SF
Lot
1.94 ac (84,700 SF)
Zoning code
I1
APN
06-0749- -000
UPID
US92-0543472
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
-
American Ice Co Inc Big Box & Wholesale Store Distribution Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.47M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.11M
Blend (final)
Blend
$1.52M
Owner & transaction history
Home City Ice Co · 4 yrs held
Home City Ice Co
since 2022
Last sale
$1.5M
5 recorded transactions
Zoning & alternative use
I1 · Eau Claire, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.5M
+129.7%
Auto repair, garage
$2.3M
+113.6%
Office building
$2.0M
+87.6%
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
$1,590,000
ML approach
$1,470,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,065,000
Current use
RESTAURANT
$2,450,000
Change: +130% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,280,000
Change: +114% · Conversion: Easy
OFFICE BUILDING
$2,000,000
Change: +88% · Conversion: Difficult
MEDICAL BUILDING
$1,905,000
Change: +79% · Conversion: Difficult
RETAIL STORES
$1,860,000
Change: +74% · Conversion: Moderate
Blend value · Realmo final
$1.52M
Range $1.37M – $1.67M · ±10% · vs last sale $1.51M (May 20 2022)
Last sale anchor
$1.51M
May 20 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
$61 / 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
$23,354
Tax year 2023
Assessed value
$1,277,000
Assessed 2023
Previous assessed
$1,413,200
-9.6% YoY
Effective rate
1.83%
On assessed value
Assessed land
$279,800
Assessed improvement
$997,200
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
Refrigerated & Cold Storage
Use group
COLD STORAGE
Status
Off-Market
Year built
1979
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
25,002 SF
Lot
1.94 ac (84,700 SF)
Zoning code
I1
APN
06-0749- -000
UPID
US92-0543472
Jurisdiction
EAU CLAIRE
Zoning & alternative use
I1 · Eau Claire, WI
Zoning I1 · permitted uses
I1 · 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
WAREHOUSE, STORAGE Current
Est. value
$1.1M
RESTAURANT
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$2.3M
OFFICE BUILDING
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.9M
RETAIL STORES
Est. value
$1.9M
WAREHOUSE, STORAGE Current
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
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
1979
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.94 ac
Current owner
From public records · entity-resolved
Home City Ice Co
Entity
Free & Clear · 4 yrs held
Mailing address
6045 BRIDGETOWN RD CINCINNATI
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
May 20, 2022
$1,511,000
Home City Ice Co
Wildflower Holding LLC
Warranty Deed
—
Mar 3, 2020
$1,465,000
Wildflower Holdings LLC
P & M Ice LLC
Warranty Deed
related
$2,172,300 · Mbank
Feb 1, 2019
—
P & M Lce LLC
—
Deed
related
$240,000 · Royal Cu
—
—
P & M Ice LLC
—
Deed Of Trust
related
$110,000 · Royal Cu
—
—
P & M Lce LLC
—
Deed Of Trust
related
$240,000 · Royal Cu
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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