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

    ON FOREST DR W Ogema, WI 54559

    View on Map
    For Sale
    $735,744

    LAND - Ogema, WI

    Lot size:
    240.00 Acres
    Added:
    Mar 3, 2026
    Days on Market:
    29
    Last Refresh:
    Apr 1 at 5:06 am

    Property Features for ON FOREST DR W

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    19506, 19507, 19525, 19505, 19504, 19509
    Lot size
    240.00 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxDescription
    SWSW, SESW, NWSW, NWSW, NWSE, in Sec. 28 and the NESE in Sec. 29, all in T34N-R3E.
    TaxAnnualAmount
    173

    We can help!

    Listing Contact
    TODD FREDERICKSON

    Listing agent TODD FREDERICKSON License #57356-90

    Listing office STEIGERWALDT LAND SALES, LLC 856 N 4th St., Tomahawk, WI

    Listing date Mar 3, 2026

    MLS# 215956

    Copyright © 2026 Greater Northwoods 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

    240 Acres of Forestland in Ogema

    This property features 240 acres of forestland situated at the end of a dead-end road in southeastern Price County. The primary forest cover consists of northern hardwoods regeneration. The land is enrolled in the Managed Forest Law program, offering tax relief. Access to the property is gated off the end of Forest Drive E. This land is suitable for recreational use.
    Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Ogema
    County
    Price
    State
    Wisconsin
    Longitude
    -90.4521
    Latitude
    46.4902

    Nearby Similar for Sale

    • $18,800

      Ogema, WI Lots For Sale

      Land parcel suitable for camping and hunting near Ogema, WI.
      STATE HIGHWAY 86, Ogema, WI 54490-0000
      View Details
    • $735,744

      240 Acres of Forestland in Ogema

      Recreational land with northern hardwoods regeneration in Price County.
      ON Forest Drive E, Ogema, WI 54459
      View Details
    • $299,900

      93-Acre Land Parcel in Ogema

      Productive land with hunting, recreation, and income potential.
      67tbd County Road M, Ogema Twp, WI 54459
      View Details
    • $175,000

      Secluded 63-Acre Recreational Property

      Secluded 63-acre property with tillable ground and established food plots.
      N2179 Schalk Rd, Ogema, WI 54459
      View Details
    • $156,000

      39 Acres of Agricultural Land

      Agricultural land parcel ideal for farming or future development.
      000 TEN CROSSING ROAD, Ogema, WI 54459
      View Details
    • $70,000

      Riverfront Land in Ogema, WI

      1.12 acres of riverfront property on the South Fork Jump River.
      Lukes Heights Lane, Ogema, WI 54459
      View Details
    • $189,900

      Prime Land in Ogema Township

      60.6-acre property with timber, tillable ground, and hunting opportunities.
      Tbd Schalk Road, Ogema Twp, WI 54459
      View Details
    • $299,900

      Secluded Timberland in Price County

      105 acres of mature timber, tillable ground, and hunting opportunities.
      Tbd County Road M, Ogema Twp, WI 54459
      View Details
    • $34,900

      Ogema, WI Riverfront Land

      0.65 acre lot with 100 ft river frontage.
      ON LUKES HEIGHTS RD lot: 13, Ogema, WI 54459
      View Details
    • $89,900

      Land For Sale in Ogema

      80 acre land parcel available in Price County, Wisconsin.
      BERGLAND ROAD, Ogema, WI 54459
      View Details

    FAQs

    What type of property is this?
    Recreation land - Recreational land with northern hardwoods regeneration in Price County.
    Where is this recreation land located?
    The property is located at ON FOREST DR W Ogema, WI.
    What is the asking price?
    The asking price for this property is $735,744.
    What are key features of this property?
    This property features: 240 acres of forestland, perfect for recreation.; Enrolled in Managed Forest Law program offering tax relief.; Located at the end of a dead‑end road providing ultimate privacy.
    (715) 612-0508
    We can help!
    Listing Contact
    TODD FREDERICKSON
    Real Estate License ID: 57356-90
    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!