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    4243 Back Country Ln Harshaw, WI 54529

    Sponsored
    For Sale
    Under Contract
    $425,000

    COMMERCIAL - Harshaw, WI

    Lot size:
    6.03 Acres
    Days on Market:
    12
    Last Refresh:
    Jan 25 at 11:06 am

    Property Features for 4243 Back Country Ln

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active Under Contract
    Rooms
    Bathroom 1, Bedroom 1
    Bedrooms
    1
    Bathrooms
    1
    APN
    CA-402
    Parking features
    Driveway, Paved or Surfaced
    Interior features
    Storage
    Lot size
    6.03 Acres

    Utilities

    Heating system
    Electric (Heating), Hot Water(Heating), Forced Air, Propane (Heating)
    Water source
    Well

    Building Details

    Year built
    2009
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Carpet, Concrete, Vinyl
    Building materials
    Frame, MetalSiding, Steel
    Roof type
    Metal
    Additional Structures
    Storage

    We can help!

    Listing Contact
    ADAM REDMAN
    ADAM REDMAN

    Redman Realty Group, LLC (715) 358-0450

    Listing agent ADAM REDMAN (715) 892-7325 License #56355 - 90

    Listing date Jan 14, 2026

    MLS# 214811

    Copyright © 2026 Northwoods Association of REALTORS. 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

    Harshaw Highway Frontage Commercial Property

    This commercial property is located in Harshaw, WI, and offers high visibility on US Hwy 51, conveniently situated between Tomahawk, Rhinelander, and Minocqua. The property spans 6.03 acres with 515 feet of highway frontage. A 48'x48' metal pole building, constructed in 2009, is situated on the lot. The property includes a fenced-in, secure parking area suitable for boats, vehicles, equipment, and trailers, offering potential for ancillary income. The interior features a reception and showroom area, two office spaces, a break room with a kitchen, one full bathroom, and a utility/laundry room. Additionally, there is a 32'x48' workshop/garage space. Soundproof insulation is installed between the offices and workspace. The concrete foundation is 5 inches deep and reinforced with mesh and rebar with epoxy. The building is equipped with insulated overhead doors, a ventilation system, a humidifier, and an LP furnace in the shop, as well as a dual-stage furnace and security and surveillance systems. Extra storage space above the office is approved for heavy equipment. The property is adjacent to a snowmobile/UTV trail. The acreage provides room for expansion. Zoned Business B-2, the property can accommodate most business uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Marine Tops Unlimited ... Boat Cover Supplier

    Suggested Use

    Storage Facility Furniture Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Harshaw
    County
    Oneida
    State
    Wisconsin
    Longitude
    -89.71556783
    Latitude
    45.67121742

    FAQs

    What type of property is this?
    Parking lot & garage - High-visibility commercial property with building and fenced parking on 6.03 acres.
    Where is this parking lot & garage located?
    The property is located at 4243 Back Country Ln Harshaw, WI.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: - High visibility location on US Hwy 51 with 515' frontage, ideal for business exposure.; - Spacious 6.03-acre property with Business B-2 zoning suitable for various business uses and expansion.; - **48'x48' metal pole building (built in 2009) featuring a reception/showroom, offices, break room, full bath, and a 32'x48' workshop/garage.**
    (715) 892-7325
    Request Owner's contact information
    4243 Back Country Ln Harshaw, WI 54529
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    Harshaw, WI 54529
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    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
    4243 Back Country Ln Harshaw, WI 54529
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    We can help!
    Listing Contact
    ADAM REDMAN
    ADAM REDMAN
    Real Estate License ID: 56355 - 90
    (715) 892-7325
    Learn more
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