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Property profile & analytics
OFF-MARKET
Estimated value
$815,000
Office buildings
505 Dewey St Eau Claire, WI 54701-3704
Entity Owned
3-yr Hold
Free & Clear
Property ID
US92-0559971
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1947
Total area
26,372 SF
Lot
1.8 ac (78,342 SF)
Zoning code
CBD
APN
02-0212- -000
UPID
US92-0559971
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
-
Claudia C. Manning, ICSW Physician
-
Coulee Tech Tech Support Center IT Consulting Firm
-
Siemens Infrastructure/Cities Engineering Consultant Engineer
-
Vivent Health Std Testing Service
-
LGBT Community Center of the Chippewa Valley Community Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$550k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.03M
Blend (final)
Blend
$815k
Owner & transaction history
Cigan Properties LLC · 3 yrs held
Cigan Properties LLC
since 2023
5 recorded transactions
Zoning & alternative use
CBD · 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
by Request
ML approach
$550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$815k
Range $734k – $897k · ±10%
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
$31 / 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
$16,730
Tax year 2023
Assessed value
$839,900
Assessed 2023
Previous assessed
$839,900
+0.0% YoY
Effective rate
1.99%
On assessed value
Assessed land
$287,500
Assessed improvement
$552,400
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
1947
Heating
HOT WATER
Cooling
YES
Stories
3
Units
1
Rooms
3
Total area
26,372 SF
Lot
1.8 ac (78,342 SF)
Zoning code
CBD
APN
02-0212- -000
UPID
US92-0559971
Jurisdiction
EAU CLAIRE
Zoning & alternative use
CBD · Eau Claire, WI
Zoning CBD · permitted uses
CBD · 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.
Building & site characteristics
From public records
Year built
1947
Heating
HOT WATER
Cooling
Yes
Stories
3
Units
1
Rooms
3
Lot
1.8 ac
Current owner
From public records · entity-resolved
Cigan Properties LLC
Entity
Free & Clear · 3 yrs held
Mailing address
323 N DEWEY ST EAU CLAIRE
Ownership since
2023
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
Jan 4, 2023
—
Cigan Properties LLC
Cigan Properties LP
Quit Claim Deed
related
—
Dec 1, 2017
—
Cigan Properties LP
—
Deed
related
$100,000 · Security Fin'l Bk
Nov 30, 2017
—
Cigan Properties LP
—
Grant Deed
related
$3,532,000 · Security Fin'l Bk
—
—
Cigan Properties LP
—
Deed Of Trust
related
$3,459,525 · Charter Bank
—
—
Cigan Properties LP
—
Deed Of Trust
related
$100,000 · Security Fin'l Bk
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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