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

    12 & 16 Lot 1 Hwy Tomah, WI 54660

    View on Map
    Sponsored
    For Sale
    $449,000

    City - Tomah, WI

    Lot size:
    15.00 Acres
    Days on Market:
    9
    Last Refresh:
    Mar 18 at 4:06 pm

    Property Features for 12 & 16 Lot 1 Hwy

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Vegetation
    Wooded
    Zoning
    res
    APN
    286-00347-0000
    Exterior features
    Stream/Spring, Wetland, Wooded, Curb/gutter, Sidewalk
    Lot size
    15.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Sarah Powell
    Sarah Powell

    RE/MAX RealPros (608) 547-8098

    Listing agent Sarah Powell (608) 547-8098

    Listing date Mar 10, 2026

    MLS# 2018119 Listing URL

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

    Learn more

    Property Insight Report

    Overview

    Tomah Vacant Land Opportunity

    This is an exceptional development opportunity located in the City of Tomah. The property consists of approximately 15 acres of vacant land that offers flexible access and strong development potential. About 3.5 acres are buildable without wetland mitigation, providing an immediate opportunity for residential development. The remaining acreage consists of wetlands that may offer opportunities for future planning, environmental offsets, wetland banking or natural green space. The property offers multiple access points, including Hwy 12 & 16 and Elizabeth Street, creating excellent flexibility for site planning and traffic flow. This land is ideal for developers, builders, or investors looking to secure land in a community with continued housing demand. Municipal laterals are located nearby on neighboring streets.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Tomah
    County
    Monroe
    State
    Wisconsin
    Longitude
    -90.499803259277
    Latitude
    43.970542214924

    Nearby Similar for Sale

    • $2,104,000
      9,400 SF

      Versatile Commercial Property with Multiple Opportunities

      Unique commercial property with diverse business opportunities on 111 acres.
      10555 Freedom Rd, Tomah, WI 54660
      View Details
    • $2,999,000
      9,400 SF

      Versatile Commercial Property with Multiple Opportunities

      Unique property with remodeled building, bar, rentals, and recreational features.
      10555 Freedom Rd, Tomah, WI 54660
      View Details
    • $2,329,000
      9,400 SF

      Versatile Commercial Property with Golf

      Unique 45-acre property with multiple business opportunities.
      10555 Freedom Rd, Tomah, WI 54660
      View Details
    • New
      $324,900
      2.00 Acres

      Multifamily Property on Two Acres

      Multifamily property on two acres in Tomah, Wisconsin.
      215 E Logan St, Tomah, WI 54660
      View Details
    • $854,000
      9,400 SF

      Turn-Key Business Opportunity Near Tomah

      60-acre property with remodeled buildings, active bar, and rental units.
      60 +/- Acres Freedom Rd, Tomah, WI 54660
      View Details
    • $549,900
      Pending

      Tomah Four-Unit Investment Property

      Four-unit property with in-unit laundry and private garages.
      307 Murdock St, Tomah, WI 54660
      View Details
    • $1,975,000
      20,000 SF

      Tomah, WI Entertainment Hub

      Established restaurant, bar, and bowling alley in Tomah, Wisconsin.
      210-202 Superior Ave, Tomah, WI 54660
      View Details
    • $2,600,000

      Profitable Gas Station Investment Opportunity

      Thriving gas station and convenience store with modern fuel system.
      311 Wittig Rd, Tomah, WI 54660
      View Details
    • $600,000
      18,000 SF

      Tomah Industrial Warehouse - $600K

      18,500 SF Warehouse, Vacant, NNN Lease
      114 Juneau St, Tomah, WI 54660
      View Details
    • $600,000
      18,488 SF

      Tomah Industrial Warehouse - $600K

      Spacious Warehouse, Ideal Location, Multi-Use
      114 Juneau St, Tomah, WI 54660
      View Details
    • $599,900
      12,000 SF

      Tomah Warehouse: 13 Acres, I-Access

      Spacious warehouse, ideal industrial location.
      1108 Townline Rd, Tomah, WI 54660
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 15 acres of vacant land with strong development potential.
    Where is this residential land & home lot located?
    The property is located at 12 & 16 Lot 1 Hwy Tomah, WI.
    What is the asking price?
    The asking price for this property is $449,000.
    What are key features of this property?
    This property features: - 15 Acres of Vacant Land with Strong Development Potential; - **3.5 Buildable Acres with No Wetland Mitigation Required**; - Multiple Access Points: Hwy 12 & 16 & Elizabeth Street
    (608) 254-9488
    Request Owner's contact information
    12 & 16 Lot 1 Hwy Tomah, WI 54660
    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.
    12 & 16 Lot 1 Hwy
    Tomah, WI 54660
    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
    12 & 16 Lot 1 Hwy Tomah, WI 54660
    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

    We can help!
    Listing Contact
    Sarah Powell
    Sarah Powell
    (608) 254-9488 (608) 847-6020 (608) 547-8098
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!