New search
Property profile & analytics
FOR SALE
Medical Office Space
659 W Hamilton Ave Eau Claire, WI 54701
Entity Owned
Free & Clear
Property ID
US92-3451469
For Sale
1 / 22
$2,999,000
659 W Hamilton Ave, Eau Claire, WI 54701
View Listing →
Property summary
AI-generated overview
This exceptional two-story, 15,100 square foot medical office building in Eau Claire, Wisconsin, is offered at $3,300,000. Situated on a 0.83-acre lot at 659 W Hamilton Ave, 54701, this property boasts a convenient location with easy access to major highways. Built by Fern Construction and SKD Architects, it's considered one of Eau Claire's finest commercial buildings. The building currently houses multiple tenants and features 47 parking spaces. The property is zoned commercial and offers the flexibility to be converted into four individual suites or even a state-of-the-art surgery center. Extensive recent updates have been completed, including a finished lower level. Owner financing may be available for qualified buyers interested in purchasing the entire building or a portion thereof. Detailed floor plans and design features are available upon request. Proof of funds or pre-approval is required for showings. MLS# 1559673.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2004
Total area
7,550 SF
Lot
0.83 ac (36,193 SF)
Zoning code
C1A
APN
15-3800- -000
UPID
US92-3451469
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
-
Schoeneberger Barbra Jayn Alternative Medicine Practice
-
Eau Claire Heart Institute Medical Clinic
-
Dr. Abd G. Khatib, MD Physician
-
Dr. Mahmoud Sharaf, MD Physician
-
Abd G E Khatib Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$455k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$637k
Blend (final)
Blend
$545k
Owner & transaction history
KHATIB LLC
KHATIB LLC
Zoning & alternative use
C1A · Eau Claire, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$740,000
+63.0%
Auto repair, garage
$690,000
+51.5%
Neighborhood: shopping center
$595,000
+31.3%
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
$455,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$455,000
Current use
RESTAURANT
$740,000
Change: +63% · Conversion: Difficult
AUTO REPAIR, GARAGE
$690,000
Change: +52% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$595,000
Change: +31% · Conversion: Difficult
OFFICE BUILDING
$480,000
Change: +6% · Conversion: Easy
RETAIL STORES
$455,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$545k
Range $491k – $600k · ±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
$72 / 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
$38,832
Tax year 2023
Assessed value
$2,121,300
Assessed 2023
Previous assessed
$2,121,300
+0.0% YoY
Effective rate
1.83%
On assessed value
Assessed land
$343,800
Assessed improvement
$1,777,500
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Sale
Year built
2004
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
7,550 SF
Lot
0.83 ac (36,193 SF)
Zoning code
C1A
APN
15-3800- -000
UPID
US92-3451469
Jurisdiction
EAU CLAIRE
Zoning & alternative use
C1A · Eau Claire, WI
Zoning C1A · permitted uses
C1A · 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
MEDICAL BUILDING Current
Est. value
$455,000
RESTAURANT
Est. value
$740,000
AUTO REPAIR, GARAGE
Est. value
$690,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$595,000
OFFICE BUILDING
Est. value
$480,000
RETAIL STORES
Est. value
$455,000
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
2004
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.83 ac
Current owner
From public records · entity-resolved
KHATIB LLC
Entity
Free & Clear · 0 yrs held
Mailing address
659 W HAMILTON AVE, EAU CLAIRE, WI 54701-6925
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
