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    For Sale (54)

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    Butternut Lake Waterfront Lot
    $379,000
    1.40 Acres

    Butternut Lake Waterfront Lot

    1.4-acre lot with 150 feet of sandy frontage.

    15042 Lakeview Rd, Three Lakes, WI 54562
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    Spacious Mixed-Use Building in Woodruff
    $300,000
    0.20 Acres

    Spacious Mixed-Use Building in Woodruff

    Mixed-use property with residential and commercial potential in Woodruff.

    728 Elm St, Woodruff, WI 54568
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    Industrial Land in Merrill, WI
    $167,900
    6.26 Acres

    Industrial Land in Merrill, WI

    6.26 AC industrial-zoned land with utilities in place.

    605 Alexander St S, Merrill, WI 54452
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    Eagle River Wooded Lakefront Land
    $119,000
    5.74 Acres

    Eagle River Wooded Lakefront Land

    5.74-acre wooded parcel with 270 feet of sand frontage.

    On Riv Rd, Eagle River, WI 54521
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    Eagle River Resort Business Opportunity
    $1,195,000
    9.80 Acres

    Eagle River Resort Business Opportunity

    Thriving business with real estate on Sugar Camp Chain.

    8250 Maplewood Ln, Eagle River, WI 54521
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    Restaurant Opportunity in Boulder Junction
    $48,000
    6.00 Acres

    Restaurant Opportunity in Boulder Junction

    Established restaurant location with scenic river views and updated equipment.

    5675 Cth M, Boulder Junction, WI 54512
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    Prime Commercial Land on Hwy 45
    $795,000
    6.39 Acres

    Prime Commercial Land on Hwy 45

    High-exposure 6+ acre parcel with vast potential in Eagle River.

    Off Hwy 45, Eagle River, WI 54521
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    Prime Commercial Land on Hwy 45
    $795,000
    6.39 Acres

    Prime Commercial Land on Hwy 45

    High-exposure 6+ acre commercial parcel in Eagle River, WI.

    Off Hwy 45, Eagle River, WI 54521
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    Woodruff, WI Wooded Land Parcel
    $39,500
    1.10 Acres

    Woodruff, WI Wooded Land Parcel

    Wooded lot in convenient location near shopping and dining.

    Pinecone Dr, Woodruff, WI 54568
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    Woodruff, WI Wooded Land Parcel
    $39,500
    1.00 Acre

    Woodruff, WI Wooded Land Parcel

    Wooded lot near Woodruff/Minocqua with development potential.

    Pinecone Dr, Woodruff, WI 54568
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    Eagle River Land Near Forest
    $64,000
    4.05 Acres

    Eagle River Land Near Forest

    4.05 acre parcel bordering Nicolet National Forest.

    Off Deerskin Rd, Eagle River, WI 54521
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    24.72 Acres in Harshaw
    $135,000
    24.74 Acres

    24.72 Acres in Harshaw

    Wooded 24.72-acre parcel in Harshaw, near Lake Tomahawk, WI.

    247 Acre, Lake Tomahawk, WI 54529
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    Minocqua Land with Lake Frontage
    $124,900
    2.03 Acres

    Minocqua Land with Lake Frontage

    2-acre lot with 272' frontage on Booth Lake.

    Off Booth Lk Rd, Minocqua, WI 54548
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    Profitable Restaurant in St. Germain
    $524,900
    1.00 Acres

    Profitable Restaurant in St. Germain

    Turnkey restaurant with high cap rate in Northwoods recreation area.

    438 State Highway 70, St Germain, WI 54519
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    Phelps Commercial Property with Lake Views
    $475,000
    0.25 Acres

    Phelps Commercial Property with Lake Views

    10,500 sq ft commercial property with high potential and visibility.

    2275 State Highway 17, Phelps, WI 54554
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    Boat Storage Business with Expansion Potential
    $999,999
    2.96 Acres

    Boat Storage Business with Expansion Potential

    Boat storage business with expansion potential in Phelps, Wisconsin.

    2198 State Highway 17, Phelps, WI 54554
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    Turnkey Restaurant in Eagle River
    $899,000
    0.63 Acres

    Turnkey Restaurant in Eagle River

    Fully operational restaurant with loyal customer base and strong traffic.

    904 Railroad St N, Eagle River, WI 54521
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    Eagle River Land Near Forest
    $64,000
    4.06 Acres

    Eagle River Land Near Forest

    4.06 acre parcel bordering Nicolet National Forest.

    Off Deerskin Rd, Eagle River, WI 54521
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    Buildable Waterfront Lot on Crystal
    $240,000
    1.50 Acres

    Buildable Waterfront Lot on Crystal

    1.5 acre lot with 200' frontage on Crystal Lake.

    Off Hwy 45, Three Lakes, WI 54562
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    Woodruff, WI Land Opportunity
    $39,500
    1.22 Acres

    Woodruff, WI Land Opportunity

    Wooded lots in convenient location near shopping and dining.

    Pinecone Dr, Woodruff, WI 54568
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    Established Restaurant & Bar For Sale
    $694,900
    1,000 SF

    Established Restaurant & Bar For Sale

    Well-known restaurant and bar with living quarters and lake frontage.

    1520 Cth F, Minocqua, WI 54548
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    Tomahawk Bar and Grill For Sale
    $395,000
    0.40 Acres

    Tomahawk Bar and Grill For Sale

    Turn-key bar and grill on scenic Lake Alice.

    W4011 Cth A, Tomahawk, WI 54487
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    Mixed-Use Property in Rhinelander, WI
    $349,750
    0.17 Acres

    Mixed-Use Property in Rhinelander, WI

    Updated living quarters with commercial and storage space.

    11 Keenan St W, Rhinelander, WI 54501
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    Eagle River Commercial Building For Sale
    $349,900
    0.36 Acres

    Eagle River Commercial Building For Sale

    Well-maintained brick building suitable for office, retail, or daycare.

    502 Division St E, Eagle River, WI 54521
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    Acreage in Natural Lakes, Wisconsin
    $149,000
    54.00 Acres

    Acreage in Natural Lakes, Wisconsin

    54 acres of mixed terrain ideal for private getaway.

    54 Acres Cth B, Presque Isle, WI 54557
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    Eagle River Waterfront Land
    $149,000
    3.40 Acres

    Eagle River Waterfront Land

    3.4+ acre waterfront land near Eagle River Chain.

    Off Watersmeet Lk Rd, Eagle River, WI 54521
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    Three Lakes Buildable Lot
    $185,000
    1.86 Acres

    Three Lakes Buildable Lot

    1.86 acre buildable lot on Crystal Lake.

    Off Hwy 45, Three Lakes, WI 54562
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    Phelps, WI Wooded Land
    $135,900
    19.39 Acres

    Phelps, WI Wooded Land

    19+ acre wooded lot with waterfront access in Phelps, WI.

    On Bear Tail Pt, Phelps, WI 54554
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    75 Acres Recreational Land in Wisconsin
    $99,000
    75.00 Acres

    75 Acres Recreational Land in Wisconsin

    75 acres of recreational land bordering state forest in Piehl.

    75 Acres Nelson Lndg Rd, Three Lakes, WI 54562
    View details
    Waterfront Lot on Little St. Germain
    $455,000
    0.69 Acres

    Waterfront Lot on Little St. Germain

    Vacant lot with 150' frontage on Little St. Germain Lake.

    Snooks Ln, St Germain, WI 54558
    View details
    Eagle River Land on Chickaree
    $129,000
    5.35 Acres

    Eagle River Land on Chickaree

    5.35-acre parcel with 270 feet of frontage on Chickaree Lake.

    On Chickaree Lk Rd, Eagle River, WI 54521
    View details
    Wisconsin River Recreation Land
    $55,380
    0.27 Acres

    Wisconsin River Recreation Land

    0.27 acre lot on the Wisconsin River.

    On Wolf Rd, Lake Tomahawk, WI 54539
    View details
    Prime Commercial Parcel on Highway
    $164,900
    1.03 Acres

    Prime Commercial Parcel on Highway

    1.03-acre commercial parcel with high visibility and traffic.

    Off Hwy 51, Arbor Vitae, WI 54521
    View details
    Muskesin Lake Lots Available
    $154,700
    1.04 Acres

    Muskesin Lake Lots Available

    Beautiful lake lots with power available for cabin or home.

    lot 1 & 2 On Arbor Ln, Lac du Flambeau, WI 54538
    View details
    Wooded Lot in Timber Ridge
    $85,000
    1.40 Acres

    Wooded Lot in Timber Ridge

    1.4-acre wooded lot near Minocqua with community amenities.

    Ridgewood Dr, Minocqua, WI 54548
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    Eagle River 1.5 Acre Land
    $64,000
    1.50 Acres

    Eagle River 1.5 Acre Land

    1.5 acre parcel near lakes and Nicolet National Forest.

    Off Fawn Rdg Ln, Eagle River, WI 54521
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    Boulder Junction Commercial Opportunity
    $497,000
    4,100 SF

    Boulder Junction Commercial Opportunity

    Commercial building on 6 acres with river frontage.

    5675 Cth M, Boulder Junction, WI 54512
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    Eagle River Buildable Waterfront Land
    $650,000
    1.60 Acres

    Eagle River Buildable Waterfront Land

    1.6 acres with 214 feet of frontage on Watersmeet Lake.

    5328 State Highway 70, Eagle River, WI 54521
    View details
    Oxbow Lake Wooded Parcel
    $162,500
    2.46 Acres

    Oxbow Lake Wooded Parcel

    2.46-acre wooded parcel with 725 feet of lake frontage.

    Off Hiawatha Dr, Presque Isle, WI 54557
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    Eagle River Investment Opportunity
    $625,000
    1,200 SF

    Eagle River Investment Opportunity

    Thriving convenience store with attached home and lake frontage.

    667 Us Highway 45, Eagle River, WI 54521
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    Eagle River Wooded Lakefront Land
    $99,900
    1.42 Acres

    Eagle River Wooded Lakefront Land

    1.42-acre wooded parcel with 125 feet of sand frontage.

    On Riv Rd, Eagle River, WI 54521
    View details
    Crystal Lake Buildable Waterfront Lot
    $240,000
    2.00 Acres

    Crystal Lake Buildable Waterfront Lot

    Two-acre lot with 330 feet of frontage on Crystal Lake.

    Off Hwy 45, Three Lakes, WI 54562
    View details
    Elcho Ice Cream Shoppe Opportunity
    $150,000
    0.77 Acres

    Elcho Ice Cream Shoppe Opportunity

    Successful ice cream shop with living quarters on Highway 45.

    N11163 Hwy 45, Elcho, WI 54428
    View details
    Eagle River Buildable Land
    $63,000
    11.36 Acres

    Eagle River Buildable Land

    Buildable land on Eagle Lake with resort-style amenities.

    unit 6 & 7 Off Eagle Waters Rd, Eagle River, WI 54521
    View details
    Eagle River Buildable Land
    $63,000
    11.36 Acres

    Eagle River Buildable Land

    Buildable land on Eagle Lake with resort-style amenities.

    unit 4 & 5 Off Eagle Waters Rd, Eagle River, WI 54521
    View details
    Eagle River Buildable Land
    $63,000
    11.36 Acres

    Eagle River Buildable Land

    Buildable land on Eagle Lake with resort-style amenities.

    unit 13 & 14 Off Norway Pne Dr, Eagle River, WI 54521
    View details
    Boulder Junction Commercial Opportunity
    $599,900
    0.35 Acres

    Boulder Junction Commercial Opportunity

    Cozy wine bar/pub with living quarters in downtown Boulder Junction.

    5461 Park St, Boulder Junction, WI 54512
    View details
    Lakefront Lot on Laurel Lake
    $499,000
    1.43 Acres

    Lakefront Lot on Laurel Lake

    1.43-acre lot with frontage on the 28 Chain O'Lakes.

    6 On, Three Lakes, WI 54562
    View details
    Woodruff, WI Land For Sale
    $95,000
    1.80 Acres

    Woodruff, WI Land For Sale

    1.8 acre wooded lot with utilities at the road.

    Off Cth J, Woodruff, WI 54568
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    Established Rental Management Business Opportunity
    $350,000

    Established Rental Management Business Opportunity

    Turnkey rental and property management business in Eagle River, Wisconsin.

    Maplewood Ln, Eagle River, WI 54521
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    Wooded Lot Near Town
    $39,500
    1.06 Acres

    Wooded Lot Near Town

    1+ acre wooded lot, convenient to Woodruff, Wisconsin.

    Pinecone Dr, Woodruff, WI 54568
    View details
    Retail Space in Boulder Junction
    Contact for pricing
    0.89 Acres

    Retail Space in Boulder Junction

    Prime retail space in the heart of Boulder Junction, Wisconsin.

    10356 Main St, Boulder Junction, WI 54512
    View details
    Land on Second Lake
    $174,900
    2.47 Acres

    Land on Second Lake

    2.4 acre lot on the Moen Chain of Lakes.

    3633 Kuczmarski Dr, Rhinelander, WI 54501
    View details
    Manitowish River Frontage Development Land
    $545,000

    Manitowish River Frontage Development Land

    6 acres with 200 feet of Manitowish River frontage.

    5675 County Road M, Boulder Junction, WI 54512
    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
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