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

    2704 RESERVE DRIVE Wausau, WI 54403

    View on Map
    For Sale
    $115,900

    Lots - Wausau, WI

    Property size:
    18,730 SF
    Lot size:
    0.43 Acres
    Added:
    Apr 7, 2025
    Days on Market:
    360
    Last Refresh:
    Apr 1 at 1:06 pm

    Property Features for 2704 RESERVE DRIVE

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    Size
    18,730 SF
    Lot size
    0.43 Acres

    Taxes and HOA fees

    TaxAnnualAmount
    0

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    STEVEN LACERTE

    Listing agent STEVEN LACERTE License #52410-90

    Listing office COLDWELL BANKER ACTION 928 GRAND AVENUE, Schofield, WI

    Listing date Apr 7, 2025

    MLS# 22501237 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 Lots in Greenwood Hills

    These residential lots are located in the final phase of The Vistas at Greenwood Hills, situated minutes from Downtown Wausau. The 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. The lots are adjacent to a 27-acre conservancy, intended 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 property size is 18730 square feet, or 0.43 acres.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Wausau
    County
    Marathon
    State
    Wisconsin
    Longitude
    -89.5846913
    Latitude
    44.9452752

    Nearby Similar for Sale

    • $499,900
      12,203 SF

      Wausau Warehouse/Storage Space For Sale

      Versatile warehouse space with loading docks and office area.
      1217 S 3RD AVENUE, Wausau, WI 54401
      View Details
    • $267,000
      3,608 SF

      Wausau Bar and Restaurant Opportunity

      Established bar and restaurant with real estate in Wausau, Wisconsin.
      5512 STEWART AVENUE, 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 STREET, Wausau, WI 54403
      View Details
    • $450,000
      616 SF

      Prime Commercial Land Opportunity

      Highly visible commercial land with existing retail/office structure.
      151670 COUNTY ROAD NN, Wausau, WI 54401
      View Details
    • $749,900
      4,860 SF

      Historic Wausau Landmark For Sale

      Established in 1880, renovated commercial property near riverfront redevelopment.
      1203 3RD STREET, Wausau, WI 54403
      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 ROAD, Wausau, WI 54401
      View Details
    • $565,000
      6,800 SF

      Former CBRF Ideal for Redevelopment

      Former Community-Based Residential Facility (CBRF) with redevelopment potential in Wausau.
      5601 SHERMAN STREET, Wausau, WI 54401
      View Details
    • $429,900

      Wausau Duplex in Rib Mountain

      Side-by-side duplex in the Village of Rib Mountain.
      224635-224637 COUNTRY LANE, Wausau, WI 54401
      View Details
    • $61,900
      21,780 SF

      Residential Lot in Scenic Setting

      0.5-acre corner lot in Wausau West School District.
      210 BLUESTONE DRIVE, Wausau, WI 54401
      View Details
    • $249,900
      2,104 SF

      Versatile Commercial Building in Wausau

      Two-story commercial building with potential for business or residential conversion.
      627 JACKSON STREET, Wausau, WI 54403
      View Details
    • $674,900
      6,760 SF

      Wausau Office Building For Sale

      Turnkey investment property with immediate rental income in Wausau, WI.
      1818 GRAND AVENUE, Wausau, WI 54403
      View Details
    • $1,390,000
      11,252 SF

      Prime Commercial Property, Wausau, WI

      High-traffic location with redevelopment potential near Business 51 and I-39.
      1720 N US HIGHWAY 51, Wausau, WI 54401
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lots near downtown Wausau with conservancy and golf course.
    Where is this residential land & home lot located?
    The property is located at 2704 RESERVE DRIVE 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.; Direct access to a 27‑acre conservancy for outdoor recreation.; Located minutes from Downtown Wausau.
    (715) 551-6567
    We can help!
    Listing Contact
    STEVEN LACERTE
    Real Estate License ID: 52410-90
    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!