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 Sheep Camp Road Ladysmith, WI 54848

    View on Map
    Claim this Listing
    For Sale
    $322,521

    LAND - Ladysmith, WI

    Lot size:
    120.00 Acres
    Added:
    Mar 31, 2026
    Days on Market:
    17
    Last Refresh:
    Apr 16 at 2:06 am

    Property Features for ON Sheep Camp Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Wooded
    Standard status
    Active
    APN
    042002630000
    Lot size
    120.00 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    NWSW, NESW, NWSE, Sec. 12, T33N-R7W.
    Tax Annual Amount
    86

    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 31, 2026

    MLS# 1599296 Listing URL

    Copyright © 2026 REALTORS® Association of Northwestern Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Ladysmith, WI Forestland

    This property features 120 acres of forestland situated southwest of Ladysmith, Wisconsin. It benefits from frontage on a town road. The land's forest cover includes spruce, red pine, northern hardwood, and marsh, creating a diverse wildlife habitat. This makes it an attractive location for hunting. The property is enrolled in the Managed Forest Law program, which provides tax relief. Additional adjacent lands are available, offering the potential for a larger, contiguous ownership.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hunting land

    Map

    City
    Ladysmith
    County
    Rusk
    State
    Wisconsin
    Longitude
    -91.1068
    Latitude
    45.5456

    Nearby Similar for Sale

    • $379,900
      3,907 SF

      Commercial Building in Ladysmith, WI

      Turn-key, income-producing commercial property on a high-traffic corner.
      215 Lake Avenue E, Ladysmith, WI 54848
      View Details
    • $299,900
      2,880 SF

      Ladysmith Office Building For Sale

      High-visibility office building with durable construction and ample natural light.
      105 Lake Avenue W, Ladysmith, WI 54848
      View Details
    • $189,900
      1,526 SF

      Ladysmith Duplex: Investor Opportunity

      Move-in ready Ladysmith duplex with strong rental history.
      221 Miner Avenue E unit: 1 & 2, Ladysmith, WI 54848
      View Details
    • $39,000

      Ladysmith Land with Highway Frontage

      9-acre parcel in Ladysmith with frontage on Highway 27.
      W 5th Street N, Ladysmith, WI 54848
      View Details
    • $84,000

      20 Acres of Hunting Land

      20-acre hunting property in Rusk County, near Ladysmith, WI.
      Girod lot: 1, Ladysmith, WI 54848
      View Details
    • $65,000

      Wooded Lot Near Flambeau River

      Wooded 0.71-acre lot near the Flambeau River.
      1101 W 5th Street N, Ladysmith, WI 54848
      View Details
    • $109,900

      20 Acres Hunting/Recreation Land

      Hunter's dream property with camping and electric hookups.
      6850 W Girod Road, Ladysmith, WI 54848
      View Details
    • $149,900
      1,765 SF

      Ladysmith Commercial Property on Highway

      Commercial property with offices and apartment in prime location.
      310 W 9th Street N, Ladysmith, WI 54848
      View Details
    • $99,000

      Waterfront Lot in Ladysmith, WI

      Exceptional lot with 200 feet of water frontage on Flambeau Flowage.
      1005 Bruno Avenue E, Ladysmith, WI 54848
      View Details
    • $74,900

      Wooded Land with Clubhouse Potential

      4.4-acre wooded land with clubhouse near Lake Flambeau.
      Fairway Drive lot: 5, Ladysmith, WI 54848
      View Details
    • $129,900

      Ladysmith Flowage Waterfront Development Lots

      Waterfront lots on Ladysmith Flowage, minutes from town.
      Bruno Avenue lot: 4, Ladysmith, WI 54848
      View Details
    • $295,000
      3,750 SF

      Downtown Ladysmith Mixed-Use Property

      Mixed-use property featuring retail space and two apartments.
      110 W 2nd Street, Ladysmith, WI 54848
      View Details

    FAQs

    What type of property is this?
    Hunting land - 120-acre forestland with diverse habitat near Ladysmith, Wisconsin.
    Where is this hunting land located?
    The property is located at ON Sheep Camp Road Ladysmith, WI.
    What is the asking price?
    The asking price for this property is $322,521.
    What are key features of this property?
    This property features: 120 acres of diverse forestland featuring spruce, red pine, northern hardwood, and marsh.; Excellent wildlife habitat, making it attractive hunting land.; Town road frontage for easy access.
    (715) 453-3274
    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!