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    Century 21 Burkett and Associates

    223 W Pine Street, PO Box 2001, Eagle River, WI 54521
    (715) 479-3090
    Web Site
    Size: 10+ agents

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    Property Types

    • Land
    • Commercial Sale

    Listings

    For Sale (30)

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    Two-Acre Wooded Lot in Preserve
    Contact for pricing
    2.01 Acres

    Two-Acre Wooded Lot in Preserve

    2-acre wooded lot with access to private lakes.

    On Moonshine Vly Rd, Presque Isle, WI 54557
    View details
    New Storage Condo Unit
    $169,000
    23.12 Acres

    New Storage Condo Unit

    New storage condo unit near Eagle River, Conover, and Phelps.

    4375 State Highway 17, Eagle River, WI 54521
    View details
    Picturesque Land Near Wausau
    $799,000
    100.00 Acres

    Picturesque Land Near Wausau

    100+/- acre property with rolling hills and mature trees.

    100AC 28Th Ave N, Merrill, WI 54452
    View details
    Turnkey Restaurant in Eagle River
    $335,900
    0.12 Acres

    Turnkey Restaurant in Eagle River

    Turnkey restaurant with established reputation and prime location.

    1343 Wall St E, Eagle River, WI 54521
    View details
    80 Acres Wooded Hunting Land
    $295,000
    80.00 Acres

    80 Acres Wooded Hunting Land

    80 acres of wooded land bordering state and county lands.

    80AC Off Razorback Rd, Conover, WI 54519
    View details
    Land O' Lakes Business Opportunity
    $329,500
    0.35 Acres

    Land O' Lakes Business Opportunity

    Seasonal snack and ice cream shop in downtown Land O' Lakes.

    4299 Cth B, Land O Lakes, WI 54540
    View details
    Maine, WI - 11 Acres
    $135,000
    11.00 Acres

    Maine, WI - 11 Acres

    11-acre lot in Maine, WI, ideal for home or retreat.

    Kellar Dr, Wausau, WI 54401
    View details
    Wooded Land in Florence County
    $48,500
    5.00 Acres

    Wooded Land in Florence County

    5-acre wooded property with rolling terrain in Florence, WI.

    Mud Lake Rd, Florence, WI 54121
    View details
    Long Lake Waterfront Land Parcel
    $249,000
    3.71 Acres

    Long Lake Waterfront Land Parcel

    3.7-acre land parcel with 300 feet of Long Lake frontage.

    371 Ac, Phelps, WI 54554
    View details
    10 Acres of Open Land
    $54,900
    10.00 Acres

    10 Acres of Open Land

    10-acre lot in Florence, Wisconsin, ideal for homesteading or farming.

    Brule Dam Rd, Florence, WI 54121
    View details
    Ewen, MI Commercial Space
    $69,000
    1,300 SF

    Ewen, MI Commercial Space

    Prime commercial space with highway frontage in Ewen, Michigan.

    20143 Hwy, Ewen, MI 49925
    View details
    Eagle River Commercial Land Parcel
    $379,900
    7.36 Acres

    Eagle River Commercial Land Parcel

    7.36 acre commercial land with highway frontage in Eagle River.

    4365 Wall St, Eagle River, WI 54521
    View details
    Equestrian Land with Stables
    $199,900
    5.92 Acres

    Equestrian Land with Stables

    5.92 acres with stables, pastures, and well in Conover, WI.

    4055 Buckatabon Rd E, Conover, WI 54519
    View details
    Secluded Wooded Land with Pond
    $69,900
    40.00 Acres

    Secluded Wooded Land with Pond

    40 acres of wooded land with pond near Watersmeet, MI.

    40 Ac Hwy 45, Watersmeet, MI 49969
    View details
    Established Dry-Cleaning Business Opportunity
    $199,500
    0.14 Acres

    Established Dry-Cleaning Business Opportunity

    Profitable dry-cleaning business for sale in Eagle River, WI.

    204 2Nd St S, Eagle River, WI 54521
    View details
    County Line Lake Frontage Land
    $89,900
    1.66 Acres

    County Line Lake Frontage Land

    Land with frontage on County Line Lake near Watersmeet, MI.

    2468 Boat Lndg Rd, Bruce Crossing, MI 49912
    View details
    Florence, WI 8.5-Acre Retreat
    $51,500
    8.50 Acres

    Florence, WI 8.5-Acre Retreat

    8.5-acre Florence retreat with privacy and scenic views.

    Brule Dam Rd, Florence, WI 54121
    View details
    Eagle River Commercial Investment Opportunity
    $749,500
    1.28 Acres

    Eagle River Commercial Investment Opportunity

    Two buildings with high visibility and rental history in Eagle River.

    330/348 Pine St W, Eagle River, WI 54521
    View details
    431 Acres of Timberland
    $517,200
    431.00 Acres

    431 Acres of Timberland

    Expansive timberland near Watersmeet, MI, with hunting and recreational opportunities.

    Off Frst Rd 3979, Watersmeet, MI 49969
    View details
    Wooded Lot in Private Preserve
    Contact for pricing
    1.65 Acres

    Wooded Lot in Private Preserve

    1.65-acre wooded lot with access to private lakes and trails.

    165 Ac, Presque Isle, WI 54557
    View details
    Corner Commercial Space in Eagle River
    $165,000
    1,900 SF

    Corner Commercial Space in Eagle River

    High-visibility commercial condo in Eagle River, Wisconsin.

    701 Railroad St N, Eagle River, WI 54521
    View details
    8.5 Acres in Florence County
    $51,500
    8.50 Acres

    8.5 Acres in Florence County

    8.5-acre parcel ideal for hobby farm or Northwoods retreat.

    Brule Dam Rd, Florence, WI 54121
    View details
    Wooded Lot in Florence County
    $48,500
    5.00 Acres

    Wooded Lot in Florence County

    5-acre wooded lot ideal for cabin or year-round home.

    Mud Lake Rd, Florence, WI 54121
    View details
    Wooded Land Near Bruce Crossing
    $50,000
    26.84 Acres

    Wooded Land Near Bruce Crossing

    26.84 acres of wooded land close to town.

    Off Hwy M28, Bruce Crossing, MI 49912
    View details
    10 Acres Ready to Build
    $54,900
    10.00 Acres

    10 Acres Ready to Build

    Expansive acreage near Florence, WI, ideal for hobby farm.

    Brule Dam Rd, Florence, WI 54121
    View details
    Eagle River Commercial Opportunity
    $338,250
    2,840 SF

    Eagle River Commercial Opportunity

    Commercial property suitable for office, retail, or service business.

    929 Railroad St N, Eagle River, WI 54521
    View details
    305 Acres of Mixed Forest
    $395,000
    305.00 Acres

    305 Acres of Mixed Forest

    Unique 305-acre parcel with mixed forest, streams, and cabin.

    5999, Mass City, MI 49948
    View details
    Iron River Land with Acreage
    $70,000
    18.95 Acres

    Iron River Land with Acreage

    19 acres of natural beauty near Homan Lake.

    19 Ac, Iron River, MI 49935
    View details
    Professional Office Condo in Eagle River
    $79,900
    0.52 Acres

    Professional Office Condo in Eagle River

    Turnkey corner-unit office condo in the heart of Eagle River.

    701 Railroad St N, Eagle River, WI 54521
    View details
    40 Acres of Wooded Land
    $89,500
    40.00 Acres

    40 Acres of Wooded Land

    40 acres of wooded land with creek near Three Lakes.

    40 Ac On Margaret Lk Rd, Three Lakes, WI 54562
    View details

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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
    Century 21 Burkett and Associates
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