Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    609 Dewey St Eau Claire, WI 54701-3825

    • Residential income homes
    • 1,470 SF
    • 0.13 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-1034555
    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

    • Residential income homes

    Property Details for 609 Dewey St

    Year built
    1881
    Lot size
    0.13 lot acres
    Property size
    1,470 SF
    Zone code
    CBD
    Property type
    Residential income homes
    Property subtype
    Serviced apartments
    APN
    02-0209- -000
    APU
    20209000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Eau Claire
    County
    Eau Claire
    State
    Wisconsin
    Longitude
    -91.4945
    Latitude
    44.8094
    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
    $3,087
    $14,600
    $156,900
    $171,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,452 SF

      431 Washington St

      BOARDING/ROOMING HOUSE • 2,452 SF
      431 Washington St, Eau Claire, WI 54701-3979
      View Details
    • Value Estimation by Request
      2,170 SF

      912 Graham Ave

      BOARDING/ROOMING HOUSE • 2,170 SF
      912 Graham Ave, Eau Claire, WI 54701-3804
      View Details
    • Value Estimation by Request
      3,286 SF

      1018 Graham Ave

      BOARDING/ROOMING HOUSE • 3,286 SF
      1018 Graham Ave, Eau Claire, WI 54701-3806
      View Details
    • Value Estimation by Request
      1,898 SF

      916 Barstow St

      BOARDING/ROOMING HOUSE • 1,898 SF
      916 Barstow St, Eau Claire, WI 54701-3866
      View Details
    • Value Estimation
      $505,000
      3,420 SF

      1010 Farwell St

      BOARDING/ROOMING HOUSE • 3,420 SF
      1010 Farwell St, Eau Claire, WI 54701-3876
      View Details
    • Value Estimation by Request
      1,920 SF

      1245 Farwell St

      BOARDING/ROOMING HOUSE • 1,920 SF
      1245 Farwell St, Eau Claire, WI 54701-3944
      View Details

    Similar Nearby for Sale

    • $364,900
      3,914 SF

      Income-Producing Duplex in Eau Claire

      Well-located duplex with strong rental appeal on Eau Claire's south side.
      3401-3403 Garner St, Eau Claire, WI 54701
      View Details
    • New
      $269,900
      2,754 SF

      Updated Duplex Near Downtown Eau Claire

      Updated duplex near transit, shopping, parks, and schools.
      703 Main St, Eau Claire, WI 54701
      View Details
    • $200,000
      2,024 SF

      Eau Claire Income-Producing Duplex

      Tenant-occupied duplex near downtown Eau Claire, offering immediate returns.
      708 Jones St Unit 1 &, Eau Claire, WI 54701
      View Details
    • $79,900
      0.23 Acres

      Residential Land in Timber Bluff

      Land in Timber Bluff neighborhood, Eau Claire, WI. Building contract required.
      5036 Timber Blf Dr, Eau Claire, WI 54701
      View Details
    • $179,900
      6.14 Acres

      Spacious Land in Firenze Estates

      Large lots in a new rural development near Eau Claire.
      Roma St, Eau Claire, WI 54701
      View Details
    • Contact for pricing
      93,620 SF

      Retail Opportunity in Eau Claire

      High-visibility retail space available in a high-traffic commercial corridor.
      2921 Mall Dr, Eau Claire, WI 54701
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      15,454 SF

      Haymarket Landing: Eau Claire Office Space

      Riverfront Office Suites, Downtown Eau Claire
      200 Eau Claire St, Eau Claire, WI 54701
      View Details
    • $19 SF/Yr
      91,000 SF

      Prime Medical Office Space in Eau Claire, WI

      91,000 SF Medical Office Building, 50,000 SF Available
      2725 Mall Dr, Eau Claire, WI 54701
      View Details
    • Contact for pricing
      1,600 SF

      Downtown Eau Claire Creative Office Space

      1600 sq ft, High Traffic Location, Ideal for Retail or Fitness
      415 Farwell St, Eau Claire, WI 54701
      View Details
    • Contact for pricing
      32,217 SF

      Downtown Eau Claire Office Space

      Newly renovated office space with river views in downtown Eau Claire.
      402 Graham Ave, Eau Claire, WI 54701
      View Details
    • Contact for pricing
      5,319 SF

      Restaurant Space with Patio

      5,319 SF restaurant space with commercial kitchen and patio.
      2503 London Rd, Eau Claire, WI 54701
      View Details
    • $14 SF/Yr
      53,294 SF

      Professional Plaza Office Suites

      Prime Office Space, Multiple Options
      2125 Heights Dr, Eau Claire, WI 54701
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    609 Dewey St
    Eau Claire, WI 54701-3825
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.