Sign Up Successful!
You now have access to more from Realmo!
    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

    2604 Reserve Dr Wausau, WI 54403

    Sponsored
    For Sale
    $115,900

    Lots - Wausau, WI

    Property size:
    26,015 SF
    Lot size:
    0.60 Acres
    Days on Market:
    296
    Last Refresh:
    Jan 27 at 7:06 pm

    Property Features for 2604 Reserve Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential
    Size
    26,015 SF
    Lot size
    0.60 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    STEVEN LACERTE

    Coldwell Banker Action Realty (715) 359-0521

    Listing agent STEVEN LACERTE (715) 359-0521 License #52410-90

    Listing date Apr 7, 2025

    MLS# 22501242 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.

    Learn more

    Overview

    Residential Lots in Greenwood Hills

    The final phase of residential lots is available in The Vistas at Greenwood Hills, situated minutes from Downtown Wausau. This community offers country living in a secluded setting. The Vistas Gatehouse leads to streets featuring Craftsman Style residential homes and Homeowners Association (HOA) Home Sites. These lots adjoin a 27-acre conservancy, established to preserve natural beauty and outdoor recreation. Residents can access the conservancy directly from their properties. The subdivision is located at The Greenwood Hills Country Club and Golf Course. The available lots have a size of 26015 square feet, which is equivalent to 0.6 acres.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Wausau
    County
    Marathon
    State
    Wisconsin
    Longitude
    -89.584705206299
    Latitude
    44.945411973174

    Nearby Similar for Sale

    • $565,000
      6,800 SF

      Former CBRF Ideal for Redevelopment

      Former Community-Based Residential Facility (CBRF) with redevelopment potential in Wausau.
      5601 Sherman St, Wausau, WI 54401
      View Details
    • $299,000
      4,433 SF

      Wausau Commercial Property For Sale

      Former supper club ready for renovation in Wausau, Wisconsin.
      3901 N 6Th St, Wausau, WI 54403
      View Details
    • $749,900
      4,860 SF

      Historic Wausau Landmark For Sale

      Established in 1880, renovated commercial property near riverfront redevelopment.
      1203 3Rd St, Wausau, WI 54403
      View Details
    • $674,900
      6,760 SF

      Wausau Office Building For Sale

      Professional office building on Grand Avenue with high traffic volume.
      1818 Grand Ave, Wausau, WI 54403
      View Details
    • $395,000
      7,600 SF

      Wausau Retail Investment Opportunity

      Commercial property with two buildings, parking, and income potential.
      614 N 3Rd Ave, Wausau, WI 54401
      View Details
    • $649,900
      2,486 SF

      Wausau Retail Building For Sale

      Well-maintained retail building with I-39 frontage in Rib Mountain.
      226126 Hummingbird Rd, Wausau, WI 54401
      View Details
    • $159,900

      Wausau Duplex: Income Opportunity

      Two-unit duplex in Wausau, WI with steady income potential.
      518 Lincoln Ave, Wausau, WI 54403
      View Details
    • $1,450,000
      20,001 SF

      Wausau Commercial Property on Highway

      High-traffic location suitable for retail, office, or redevelopment.
      1720 N Us Highway 51, Wausau, WI 54401
      View Details
    • $3,450,000
      75,975 SF

      New Storage Facility Opportunity

      New storage facility on 9.13 acres near I-39.
      2677 Decator Dr, Wausau, WI 54401
      View Details
    • $195,000
      3,200 SF

      Wausau Retail Investment Opportunity

      Commercial property with two units in high-traffic area.
      624 N 3Rd Ave, Wausau, WI 54401
      View Details
    • $225,000
      4,400 SF

      Wausau Retail Investment Opportunity

      Commercial property with high visibility and income potential in Wausau.
      614 N 3Rd Ave, Wausau, WI 54401
      View Details
    • $499,900
      12,203 SF

      Wausau Warehouse/Storage Space For Sale

      Versatile warehouse space with loading docks and office area.
      1217 S 3Rd Ave, Wausau, WI 54401
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lots near downtown Wausau with conservancy access.
    Where is this residential land & home lot located?
    The property is located at 2604 Reserve Dr Wausau, WI.
    What is the asking price?
    The asking price for this property is $115,900.
    What are key features of this property?
    This property features: - Last phase of residential lots available in The Vistas at Greenwood Hills.; - Backs up to a 27-acre conservancy for nature and outdoor recreation.; - Located minutes from Downtown Wausau.
    (715) 551-6567
    Request Owner's contact information
    2604 Reserve Dr Wausau, WI 54403
    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.
    2604 Reserve Dr
    Wausau, WI 54403
    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
    2604 Reserve Dr Wausau, WI 54403
    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
    STEVEN LACERTE
    Real Estate License ID: 52410-90
    (715) 551-6567
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.