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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    836 Richard Dr Eau Claire, WI 54701-6242

    • Medical offices
    • 5,521 SF
    • 0.83 lot acres
    OFF-MARKET
    Value Estimations
    $345,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-0459705
    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

    • Dr. Lori J. Whitis, MD / Family Practice Physician
    • Hicks Orthopedic Clinic / Orthopedic Clinic
    • Patterson Chiropractic / Chiropractor
    • Stepping Stones Learning Center LLC / Day Care Center

    Property Details for 836 Richard Dr

    Year built
    1977
    Lot size
    0.83 lot acres
    Property size
    5,521 SF
    Zone code
    C3H
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    15-1054-T-000
    APU
    151054T000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $345,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $345,000
      Market price range: $244k - $466k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $330,000
      Current use
      RESTAURANT
      $540,000
      Change: +63% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $505,000
      Change: +52% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $435,000
      Change: +31% Conversion: Difficult
      OFFICE BUILDING
      $350,000
      Change: +6% Conversion: Easy
      RETAIL STORES
      $335,000
      Change: +1% 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
    -91.5104
    Latitude
    44.7909
    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
    $15,652
    $363,000
    $493,900
    $856,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,110,000
      361,759 SF

      2116 Craig Rd

      MEDICAL BUILDING • 361,759 SF
      2116 Craig Rd, Eau Claire, WI 54701-6149
      View Details
    • Value Estimation
      $545,000
      7,550 SF

      659 Hamilton Ave

      MEDICAL BUILDING • 7,550 SF
      659 Hamilton Ave, Eau Claire, WI 54701-6925
      View Details
    • Value Estimation
      $635,000
      12,360 SF

      1109 Clairemont Ave

      MEDICAL BUILDING • 12,360 SF
      1109 Clairemont Ave, Eau Claire, WI 54701-6105
      View Details
    • Value Estimation
      $1,835,000
      9,536 SF

      1110 Oak Rdg Dr

      MEDICAL BUILDING • 9,536 SF
      1110 Oak Rdg Dr, Eau Claire, WI 54701-6133
      View Details
    • Value Estimation
      $4,310,000
      14,203 SF

      3213 Stein Blvd

      MEDICAL BUILDING • 14,203 SF
      3213 Stein Blvd, Eau Claire, WI 54701-6946
      View Details
    • Value Estimation by Request
      8,611 SF

      2119 Hts Dr

      MEDICAL BUILDING • 8,611 SF
      2119 Hts Dr, Eau Claire, WI 54701-6130
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Downtown Eau Claire Riverfront Lot

      Prime Development Site, Executive Office Potential
      202 Graham Ave, 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
    • $79,900
      0.25 Acres

      Residential Lots in Eau Claire

      Residential land for sale in Eau Claire, Wisconsin.
      3346 Frst Gln, Eau Claire, WI 54701
      View Details
    • $69,900
      0.72 Acres

      Eau Claire Land Opportunity

      Land for sale in a new rural development.
      Roma St, Eau Claire, WI 54701
      View Details
    • Contact for pricing
      6 SF

      Prime Land I-94 Interchange

      Land with high visibility at I-94 and Hwy 53.
      53 & I-94 Hwy, Eau Claire, WI 54701
      View Details
    • Contact for pricing
      57,039 SF

      Riverfront Lot in Downtown Eau Claire

      Vacant riverfront lot in a premier downtown location.
      202 Graham Ave, Eau Claire, WI 54701
      View Details

    Similar Nearby for Lease

    • $9,093 /Mo
      7,275 SF

      Eau Claire Medical Office Building

      Turn-key medical office building with modern functionality in Eau Claire.
      703 W Hamilton Ave, 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
    • $18 SF/Yr
      2,895 SF

      Eau Claire Medical Office Space

      Class A medical office, prime location.
      1110 Oak Ridge Dr, 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
    • $18 SF/Yr
      22,040 SF

      Prime Eau Claire Office Space

      Versatile Office Suites, Excellent Location
      1903 Keith St, Eau Claire, WI 54701
      View Details
    • $10 SF/Yr
      1,820 SF

      Prime Eau Claire Retail Space

      1820 sq ft Office/Retail, $1820/month
      3194 London Rd, Eau Claire, WI 54701
      View Details
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    836 Richard Dr
    Eau Claire, WI 54701-6242
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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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