Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Lot in Greenwood Hills Title is generated by Realmo AI

    2718 RESERVE DRIVE lot 37, Wausau, WI 54403

    View on Map
    Claim this Listing
    For Sale
    $115,900

    LAND - Wausau, WI

    Lot size:
    0.41 Acres
    Added:
    Apr 7, 2025
    Days on Market:
    416
    Last Refresh:
    May 27 at 4:06 am

    Property Features for 2718 RESERVE DRIVE lot 37

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.41 Acres

    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# 22501240 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.

    HighLights

    • Access to a 27‑acre conservancy for outdoor recreation.
    • Located minutes from Downtown Wausau.
    • Located at The Greenwood Hills Country Club and Golf Course.
    • Part of a premiere community with Craftsman Style residential homes.
    • HOA Home Sites ensure consistent community standards.
    • Limited number of lots remaining.

    Overview

    This residential lot is located in the final phase of development within The Vistas at Greenwood Hills, situated minutes from Downtown Wausau. The property offers a blend of country living and convenient access to urban amenities. The Vistas Gatehouse leads into a community featuring Craftsman Style residential homes and Homeowners Association (HOA) Home Sites. The lots adjoin a 27-acre conservancy, intended to preserve natural beauty and outdoor recreation opportunities. Residents can access this conservancy directly from their properties. Located at The Greenwood Hills Country Club and Golf Course, this subdivision offers amenities that distinguish it from other properties in the area. The lot is 0.41 acres.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Wausau
    County
    Marathon
    State
    Wisconsin
    Longitude
    -89.58482
    Latitude
    44.9452752

    Nearby Similar for Sale

    • $399,900
      3,500 SF

      Wausau Duplex: Investment Opportunity

      Spacious duplex in Riverview with income potential and owner-occupancy.
      4410-4412 HILLTOP ROAD, Wausau, WI 54403
      View Details
    • $467,000
      3,344 SF

      Updated Duplex Near Wisconsin River

      Turn-key duplex with updated interiors near downtown Wausau.
      119-121 RIVER STREET, Wausau, WI 54401
      View Details
    • $249,900
      2,000 SF

      Wausau Turnkey Income-Generating Duplex

      Remodeled, furnished duplex, ideal for investors or owner-occupants.
      225 N 4TH AVENUE, Wausau, WI 54401
      View Details
    • $995,000
      17,260 SF

      Versatile Commercial Property Near Athletic Park

      Versatile commercial property with showroom, warehouse, and industrial space.
      2310 N 3rd Street, Wausau, WI 54403
      View Details
    • $284,900
      1,012 SF

      Wausau Duplex: Investment Opportunity

      Well-maintained Wausau duplex with updates and strong rental potential.
      606 N 4TH AVENUE, Wausau, WI 54401
      View Details
    • $199,900

      Versatile Duplex in Wausau, WI

      Spacious duplex with potential for single-family conversion and rental income.
      1133 ARTHUR STREET, Wausau, WI 54403
      View Details
    • $120,000

      Land in Desirable Wausau Location

      3.3-acre lot with potential for dream home build.
      CANYON ROAD, Wausau, WI 54403
      View Details
    • $129,900

      Wausau Duplex: Investment Opportunity

      Well-maintained Wausau duplex with immediate rental income.
      1332 N 2ND STREET, Wausau, WI 54403
      View Details
    • $7,134,146

      Freestanding Dick's Sporting Goods Investment

      Single tenant retail property in Wausau's main retail hub.
      4600 Rib Mountain Dr, Wausau, WI 54401
      View Details
    • $40,000

      Commercial Lot in Quiet Neighborhood

      One-acre commercial lot in Wausau, ideal for small business.
      1 acre MOL MERRILL AVENUE, Wausau, WI 54401
      View Details
    • $1,799,900
      20,001 SF

      Spacious Restaurant and Banquet Facility

      23,000+ sqft restaurant with banquet and meeting facilities.
      2305 Sherman Street, Wausau, WI 54401
      View Details
    • $849,900

      120 Acres MOL Land Opportunity

      120 acres MOL near Wausau, perfect for nature enthusiasts.
      120 Acres MOL STETTIN DRIVE, Wausau, WI 54401
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot near downtown Wausau and Greenwood Hills Country Club.
    Where is this residential land & home lot located?
    The property is located at 2718 RESERVE DRIVE lot 37 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: Access to a 27‑acre conservancy for outdoor recreation.; Located minutes from Downtown Wausau.; Located at The Greenwood Hills Country Club and Golf Course.
    (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

    Thank You for Inquiry
    2718 RESERVE DRIVE lot: 37, Wausau, WI 54403
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!