Property profile

790 Eastgate Dr Ripon, WI 54971

FOR SALE
Commercial real estate
Property ID
US92-1174657
6,308 SF 3.04 ac lot Built 2009
Entity Owned 16-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 7,902 square foot medical office building presents a unique investment opportunity in Ripon, Wisconsin. Strategically located at the southwest corner of Highway 23 and Eastgate Drive, this property boasts high visibility and convenient access. Situated on a sizable 3.04-acre lot (132,422 square feet), the nearly rectangular parcel offers ample space for potential future expansion – approximately one acre of surplus land is available. The building itself is a well-maintained single-occupant medical office building, featuring a durable exterior of stucco and face brick. The pitched asphalt shingled roof ensures lasting protection. The interior layout is typical for a medical office building, providing a functional and efficient space. This property is ideally suited for a variety of healthcare uses, including a medical office, clinic, or care center. The building's excellent condition and prime location make it an attractive prospect for both ownership and tenancy. A tenant improvement allowance is available for qualified lessees, making this an even more compelling opportunity. The property is located in Ripon, Fond du Lac County, Wisconsin. The asking price is $2,000,000. Lease options are also available.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2009
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,308 SF
Lot 3.04 ac (132,422 SF)
APN RIP-16-14-27-05-002-00
UPID US92-1174657

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Physician Medical Clinic
  • Physician Medical Clinic
  • Physician
  • Physician

Location

790 Eastgate Dr Ripon, WI 54971
Ripon metro Census 41500 FOND DU LAC, WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$420k
CAP Approach CAP
$735k
Comparable Approach Comparable
$622k
Blend (final) Blend
$670k

Owner & transaction history

since 2009
1 recorded transaction
2009
$1.7M

Zoning & alternative use

Top alternative use upside
Restaurant $865,000 +108.4%
Retail stores $550,000 +32.6%
Office building $495,000 +18.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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