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    Property profile & analytics

    2839 Mall Dr Eau Claire, WI 54701-6879

    • Super regional malls
    • 15,050 SF
    • 2.16 lot acres
    OFF-MARKET
    Value Estimations
    $1,805,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-3502558
    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

    • TC-TEKS Computers - Phone, Computer, Tablet Repair & Sales / Tech Support Center / IT Consulting Firm
    • The Yoga Room / Gym & Fitness Center
    • Urban Galleria / Furniture & Home Goods / Home Decor Store
    • Sugaring NYC Eau Claire / Hair Salon / Nail Salon
    • The Healing Agenda / Gym & Fitness Center / Alternative Medicine Practice

    Property Details for 2839 Mall Dr

    Year built
    2007
    Lot size
    2.16 lot acres
    Property size
    15,050 SF
    Zone code
    C3
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    15-2348-E-000
    APU
    152348E000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,613,000
      Market price range: $423k - $1.97M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,190,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $2,175,000
      Change: +83% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,820,000
      Change: +53% Conversion: Easy
      RESTAURANT
      $1,475,000
      Change: +24% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,370,000
      Change: +15% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Eau Claire
    County
    Eau Claire
    State
    Wisconsin
    Longitude
    -91.4603
    Latitude
    44.7895
    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
    $46,324
    $754,100
    $1,715,500
    $2,469,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,930,000
      186,137 SF

      2221 Eastridge Ctr

      REGIONAL SHOPPING CENTER, MALL • 186,137 SF
      2221 Eastridge Ctr, Eau Claire, WI 54701-3410
      View Details
    • Value Estimation by Request

      2629 Clairemont Ave

      REGIONAL SHOPPING CENTER, MALL
      2629 Clairemont Ave, Eau Claire, WI 54701-6726
      View Details
    • Value Estimation
      $14,235,000
      520,119 SF

      4800 Golf Rd

      REGIONAL SHOPPING CENTER, MALL • 520,119 SF
      4800 Golf Rd, Eau Claire, WI 54701-8914
      View Details
    • Value Estimation by Request
      1.12 Acres

      2511 Clairemont Ave

      REGIONAL SHOPPING CENTER, MALL • 1.12 Acres
      2511 Clairemont Ave, Eau Claire, WI 54701-6725
      View Details
    • Value Estimation
      $5,030,000
      132,943 SF

      4052 Commonwealth Ave

      REGIONAL SHOPPING CENTER, MALL • 132,943 SF
      4052 Commonwealth Ave, Eau Claire, WI 54701-9000
      View Details
    • Value Estimation
      $850,000
      5,200 SF

      2855 Mall Dr

      REGIONAL SHOPPING CENTER, MALL • 5,200 SF
      2855 Mall Dr, Eau Claire, WI 54701-6807
      View Details

    Similar Nearby for Sale

    • $34,000,000

      220,000 SF Retail Property

      Built in 2018, strategically positioned near Interstate 94.
      3165 Old Town Hall Rd, Eau Claire, WI 54701
      View Details
    • $6,300,000
      5,000 SF

      Eau Claire Chick-fil-A Investment

      High-Yield QSR Net Lease Opportunity
      3849 Oakwood Mall Dr, Eau Claire, WI 54701
      View Details
    • Contact for pricing

      Prime Retail Opportunity in Eau Claire

      High-visibility retail space available in a vibrant commercial corridor.
      2921 Mall Dr, Eau Claire, WI 54701
      View Details
    • $2,200,000
      6,737 SF

      Eau Claire Restaurant - $2.2M

      Established Restaurant, Turnkey Operation
      4207 Oakwood Hills Pkwy, Eau Claire, WI 54701
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,350 SF

      Clairemont Ave Retail Space

      High-traffic retail space near Mayo Clinic
      813 Clairemont Ave, Eau Claire, WI 54701
      View Details
    • $1,300 /Mo

      Downtown Retail Space For Rent

      Prime retail space in downtown Eau Claire with high visibility.
      106 East Grand Ave, Eau Claire, WI 54701
      View Details
    • Contact for pricing

      Prime Retail Space Available

      Up to 90,000 SF retail space in high-traffic location.
      2921 Mall Dr, Eau Claire, WI 54701
      View Details
    • Contact for pricing

      Retail Space in Oakwood Hills

      8,500 SF retail space in a prime location.
      3755 Oakwood Mall Dr, Eau Claire, WI 54701
      View Details
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    Eau Claire, WI 54701-6879
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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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