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    Property profile & analytics

    2802 3rd St Eau Claire, WI 54703-2914

    • Grocery and convenience stores
    • 1,680 SF
    • 1.04 lot acres
    OFF-MARKET
    Last Sale
    May 16, 2024
    $450,000
    Value Estimations
    $445,000
    Show details
    Cap Rate Potential
    5.2%
    Grocery and convenience stores
    Location Intelligence
    Property ID
    US92-2378712
    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

    • River Country Coop / Convenience Store
    • Cenex / Convenience Store / Gas Station
    • Car Wash / Car Wash
    • ATM (Bridge Stop) / Atm

    Property Details for 2802 3rd St

    Year built
    1987
    Lot size
    1.04 lot acres
    Property size
    1,680 SF
    Zone code
    C2
    Property type
    Grocery and convenience stores
    APN
    14-0253-A-000
    APU
    140253A000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $450,000
      ML approach
      $450,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $390,000
      6.5%
      $360,000
      7%
      $330,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Eau Claire
    County
    Eau Claire
    State
    Wisconsin
    Longitude
    -91.5148
    Latitude
    44.8278
    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
    $7,507
    $203,100
    $209,500
    $412,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $280,000
      4,488 SF

      2327 Clairemont Ave

      CONVENIENCE STORE • 4,488 SF
      2327 Clairemont Ave, Eau Claire, WI 54703-2479
      View Details
    • Value Estimation
      $340,000
      3,920 SF

      539 Water St

      CONVENIENCE STORE • 3,920 SF
      539 Water St, Eau Claire, WI 54703-5632
      View Details
    • Value Estimation
      $270,000
      1,159 SF

      3019 Hastings Way

      CONVENIENCE STORE • 1,159 SF
      3019 Hastings Way, Eau Claire, WI 54703-1143
      View Details
    • Value Estimation
      $455,000
      5,792 SF

      108 Madison St

      CONVENIENCE STORE • 5,792 SF
      108 Madison St, Eau Claire, WI 54703-5233
      View Details
    • Value Estimation
      $2,180,000
      4,680 SF

      2119 Cameron St

      CONVENIENCE STORE • 4,680 SF
      2119 Cameron St, Eau Claire, WI 54703-4947
      View Details
    • Value Estimation
      $3,475,000
      4,096 SF

      4304 Jeffers Rd

      CONVENIENCE STORE • 4,096 SF
      4304 Jeffers Rd, Eau Claire, WI 54703-1425
      View Details

    Similar Nearby for Sale

    • $2,500,000
      4,680 SF

      Amoco Gas Station - Eau Claire, WI

      Profitable Gas Station & Convenience Store
      2119 Cameron St, Eau Claire, WI 54703
      View Details
    • $199,000
      4,674 SF

      Commercial Strip Property For Sale

      Two-unit commercial property with parking and recent roof updates.
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    • $137,500
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      Wooded Land Parcel Near City

      Private 3-acre wooded parcel perfect for building a dream home.
      3 90Th St, Eau Claire, WI 54703
      View Details
    • $52,000
      0.52 Acres

      Residential Land in Eau Claire

      Residential land with water and park access in Eau Claire.
      24Th Ave, Eau Claire, WI 54703
      View Details
    • $46,000
      0.68 Acres

      Residential Land in Eau Claire

      Land in Eau Claire School District with water laterals installed.
      24Th Ave, Eau Claire, WI 54703
      View Details
    • $49,000
      0.65 Acres

      Residential Lot in Eau Claire

      Residential land in Eau Claire School District with water laterals.
      24Th Ave, Eau Claire, WI 54703
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      6,895 SF

      High-Visibility Retail Building For Rent

      Single-tenant retail building with high visibility and traffic.
      2316 Vine St, Eau Claire, WI 54703
      View Details
    • $17 SF/Yr
      1,350 SF

      Eau Claire Retail Storefront Available

      High-traffic storefront, 1350 sq ft.
      2836 Clairemont Ave, Eau Claire, WI 54703
      View Details
    • Contact for pricing
      24,088 SF

      Industrial Space in Chippewa Valley

      New industrial space for lease, available Fall 2025.
      3222 Louis Ave, Eau Claire, WI 54703
      View Details
    • Contact for pricing
      14,858 SF

      Office/Flex Space in Eau Claire

      2,993 SF office/flex space with high visibility.
      2452 Truax Blvd, Eau Claire, WI 54703
      View Details
    • $12 SF/Yr
      1,400 SF

      Downtown Eau Claire Corner Office

      Corner office space in downtown Eau Claire with ample parking.
      323 E Madison St, Eau Claire, WI 54703
      View Details
    • $2,400 /Mo
      2,407 SF

      Downtown Eau Claire Commercial Space

      Adaptable commercial space in revitalized downtown Eau Claire.
      304 Gray St, Eau Claire, WI 54703
      View Details
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    2802 3rd St
    Eau Claire, WI 54703-2914
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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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