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Property profile & analytics
OFF-MARKET
Estimated value
$6,820,000
Office buildings
2536 Alpine Rd Eau Claire, WI 54703-9560
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US92-1003551
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1998
Total area
69,320 SF
Lot
5.98 ac (260,384 SF)
Zoning code
I1P
APN
14-1450-F-000
UPID
US92-1003551
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
-
IDEXX Computer Systems Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.24M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.36M
Blend (final)
Blend
$6.82M
Owner & transaction history
Hudson Business Park LLC · 4 yrs held
Hudson Business Park LLC
since 2021
Last sale
$6.9M
7 recorded transactions
Zoning & alternative use
I1P · 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
$7,180,000
ML approach
$8,240,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$6,285,000
Current use
RETAIL STORES
$5,165,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$6.82M
Range $6.14M – $7.50M · ±10% · vs last sale $6.88M (Aug 17 2021)
Last sale anchor
$6.88M
Aug 17 2021
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
$98 / 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
$113,659
Tax year 2023
Assessed value
$6,203,000
Assessed 2023
Previous assessed
$6,203,000
+0.0% YoY
Effective rate
1.83%
On assessed value
Assessed land
$269,000
Assessed improvement
$5,934,000
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
1998
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
69,320 SF
Lot
5.98 ac (260,384 SF)
Zoning code
I1P
APN
14-1450-F-000
UPID
US92-1003551
Jurisdiction
EAU CLAIRE
Zoning & alternative use
I1P · Eau Claire, WI
Zoning I1P · permitted uses
I1P · 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
OFFICE BUILDING Current
Est. value
$6.3M
RETAIL STORES
Est. value
$5.2M
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
1998
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
5.98 ac
Current owner
From public records · entity-resolved
Hudson Business Park LLC
Entity
Mailing address
715 SAINT CROIX ST, RIVER FALLS, WI 54022-3608
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 17, 2021
$6,877,400
Hudson Business Park LLC
West Park LLC
Warranty Deed
$5,719,352 · Royal Cu
Apr 2, 2020
—
West Park LLC
Roland Lokre
Quit Claim Deed
related
$6,850,000 · Charter Bk
Apr 2, 2020
$4,021,000
Roland Lokre
Daniel K Johnson
Warranty Deed
—
Jan 3, 2020
$8,151,000
Roland Lokre
Park Partners LLP West
Warranty Deed
—
May 8, 2019
—
West Park Partners LLP
—
Trustees Deed
related
$200,000 · Charter Bk
Jul 11, 2018
—
West Park Partners LLP
—
Grant Deed
related
$5,700,000 · Charter Bk
Jul 8, 2008
—
Park Partners LLP West
—
Deed Of Trust
related
$8,000,000 · Royal Cu
—
—
Park Partners LLP West
—
Deed Of Trust
related
$140,116 · 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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