Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Lot 1 SOMERSET DRIVE Stevens Point, WI 54482

    View on Map
    Claim this Listing
    For Sale
    $39,900

    Lots - Stevens Point, WI

    Lot size:
    0.64 Acres
    Added:
    May 9, 2024
    Days on Market:
    716
    Last Refresh:
    Apr 24 at 11:06 pm

    Property Features for Lot 1 SOMERSET DRIVE

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    Lot size
    0.64 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    546.98

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    MARK KITOWSKI
    MARK KITOWSKI

    Listing agent MARK KITOWSKI License #52728-90

    Listing office KPR BROKERS, LLC 2417 Post Rd, Stevens Point, WI

    Listing date May 9, 2024

    MLS# 22401894 Listing URL

    Copyright © 2026 Central Wisconsin MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Residential Lot Near Stevens Point

    This 0.64 acre residential lot is located in the Town of Hull, Wisconsin, within minutes of Stevens Point. The property is located close to I-39 and the green circle trail. The lot is zoned residential and is suitable for building a new home.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Gym & Fitness Center Kitchen & Bath Showroom Department Store HVAC Service Plumbing Service Parking Lot & Garage

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Stevens Point
    County
    Portage
    State
    Wisconsin
    Longitude
    -89.5199503
    Latitude
    44.5626675

    Nearby Similar for Sale

    • $1,300,000
      5,520 SF

      Stevens Point Commercial Building For Sale

      Prime location commercial building suitable for restaurant or retail.
      143 N DIVISION STREET, Stevens Point, WI 54481
      View Details
    • $950,000
      21,756 SF

      Stevens Point Commercial Building For Sale

      Three-story commercial building in downtown Stevens Point with mixed-use opportunities.
      1025 CLARK STREET, Stevens Point, WI 54481
      View Details
    • $750,000
      68,389 SF

      Prime Commercial Land Opportunity

      High-visibility commercial land in Stevens Point's bustling commercial district.
      44 PARK RIDGE DRIVE, Stevens Point, WI 54481
      View Details
    • $299,000

      Wisconsin River Frontage Land Parcels

      Two parcels with frontage on the Wisconsin River for sale.
      1730 County Road Hh, Stevens Point, WI 54481
      View Details
    • $950,000
      17,000 SF

      Stevens Point Mixed-Use Building

      Three-story mixed-use building in downtown Stevens Point.
      1025 Clark Street, Stevens Point, WI 54481
      View Details
    • $67,500

      Private Wooded Lot with Waterfrontage

      2.6 acre wooded lot with 190 feet of Mill Creek frontage.
      1922 BABBLING BROOK ROAD, Stevens Point, WI 54481
      View Details
    • $895,000

      Stevens Point Investment Opportunity

      Two well-maintained rental properties near UWSP and downtown.
      1532 COLLEGE AVENUE, Stevens Point, WI 54481
      View Details
    • $74,900

      Wooded Lot with Mill Creek Frontage

      1.7 acre wooded lot with 215 feet of frontage.
      0 BABBLING BROOK ROAD, Stevens Point, WI 54481
      View Details
    • $1,900,000
      6,824 SF

      Stevens Point Commercial Building For Sale

      Immaculate commercial building in high-traffic business park.
      3101 HOOVER ROAD, Stevens Point, WI 54481
      View Details
    • $260,000

      Stevens Point Motel with Kitchenettes

      Centrally located 12-room motel with renovation potential.
      3416 Church Street, Stevens Point, WI 54481
      View Details
    • $899,900
      1,920 SF

      Prime Location Commercial Property

      0.98 acre lot on a high-traffic corridor.
      1305 Wildwood Drive, Stevens Point, WI 54482
      View Details
    • $119,900

      Residential Land in Stevens Point

      8.22-acre residential land parcel north of Stevens Point, Wisconsin.
      Lot 2 SUNSET DRIVE, Stevens Point, WI 54482
      View Details

    FAQs

    What type of property is this?
    Land - 0.64 acre residential lot in the Town of Hull.
    Where is this land located?
    The property is located at Lot 1 SOMERSET DRIVE Stevens Point, WI.
    What is the asking price?
    The asking price for this property is $39,900.
    What are key features of this property?
    This property features: Large .64 acre lot provides ample space for building.; Located in the Town of Hull.; Minutes from Stevens Point.
    (715) 498-2447
    We can help!
    Listing Contact
    MARK KITOWSKI
    MARK KITOWSKI
    Real Estate License ID: 52728-90
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!