Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Tomahawk, WI Wooded Land Title is generated by Realmo AI

    ON WILSON SCHOOL RD, Tomahawk, WI 54487

    View on Map
    Claim this Listing
    Pending
    $151,800

    LAND - Tomahawk, WI

    Lot size:
    40.00 Acres
    Added:
    May 19, 2026
    Days on Market:
    13
    Last Refresh:
    May 31 at 1:06 pm

    Property Features for ON WILSON SCHOOL RD

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    APN
    032-3505-331-9996
    Lot size
    40.00 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    SEC 33-35-05 SE 1/4 NE 1/4 MFL 2017 ENT 40.0A OPEN *W-33-4
    Tax Annual Amount
    76

    We can help!

    Listing Contact
    TODD FREDERICKSON

    Listing agent TODD FREDERICKSON License #5735690

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

    Listing date May 19, 2026

    MLS# 217190 Listing URL

    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.

    HighLights

    • 40 acres of wooded forestland
    • Enrolled in Managed Forest Law program for tax relief
    • Road frontage on two sides with power available
    • Nearly all upland with loamy sand soils
    • Located 6 miles west of Tomahawk in Lincoln County
    • Adjacent parcel also available for larger ownership

    Overview

    This property features 40 acres of wooded forestland situated in northwestern Lincoln County, approximately 6 miles west of Tomahawk. The land is characterized by red pine and aspen forest cover types. The property is predominantly upland with loamy sand soils and features terrain that varies from level to rolling. It benefits from road frontage on two sides and has power readily available at the road. The land is enrolled in the Managed Forest Law program, offering potential tax relief. An adjacent parcel is also available, presenting an opportunity for a larger contiguous ownership.
    Property Profile Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Tomahawk
    County
    Lincoln
    State
    Wisconsin
    Longitude
    -89.8583699
    Latitude
    45.4756111

    Nearby Similar for Sale

    • $599,900

      Tomahawk Commercial Property For Sale

      Commercial property on high-traffic street, ideal for investors/business owners.
      1515 4TH ST N, Tomahawk, WI 54487
      View Details
    • $299,950

      Historic Roadhouse with Acreage

      Historic Wisconsin roadhouse on 1+ acre near recreational activities.
      N11050 CTH A, Tomahawk, WI 54487
      View Details
    • $479,900

      Tomahawk Retail Opportunity on 4th

      1,712 sq. ft. retail space on 9.8 acres.
      1208 4TH ST N, Tomahawk, WI 54487
      View Details
    • $89,900

      Tomahawk Commercial Building Parcel

      Commercial land in Tomahawk's growing business district.
      8.94 acr 4TH ST N, Tomahawk, WI 54487
      View Details
    • $950,000
      2,800 SF

      Tomahawk Storage and Wrapping Facility

      New mini storage and boat wrapping facility near Lake Nokomis.
      2292 County Highway Y, Tomahawk, WI 54487
      View Details
    • $162,000

      Muskellunge Lake Waterfront Land

      Waterfront land on Muskellunge Lake, Tomahawk, Wisconsin.
      W5319 STONEWOOD RD, Tomahawk, WI 54487
      View Details
    • $69,900

      Nokomis, WI Vacant Wooded Land

      Secluded 10-acre wooded property near Tomahawk River and Lake Nokomis.
      1 Prarie Lake Rd, Nokomis, WI 54487
      View Details
    • $77,900

      Recreational Land Near Tomahawk River

      10 acres near recreation, lakes, and state forest.
      Lot 3 Prairie Lake Road, Tomahawk, WI 54487
      View Details
    • $69,900

      Tomahawk, WI - Buildable 10 Acres

      Buildable 10-acre wooded parcel near Tomahawk, Wisconsin.
      101 Prairie Lake Road, Tomahawk, WI 54487
      View Details
    • $100,000

      Wooded Land Near Jersey Flowage

      Double lot with 200' frontage on Jersey Flowage.
      WOODLAND DR lot: 7-8, Tomahawk, WI 54487
      View Details
    • $389,900

      7-Acre Island on Lake Nokomis

      Private island on Lake Nokomis Chain near Tomahawk, Wisconsin.
      7 acres NOKOMIS DR, Tomahawk, WI 54487
      View Details
    • $1,200,000

      Turnkey Retail Sales Dealership

      Full-time retail sales dealership with parts and service.
      1735 COMFORT DR, Tomahawk, WI 54487
      View Details

    FAQs

    What type of property is this?
    Recreation land - 40 acres of wooded forestland near Tomahawk, Wisconsin.
    Where is this recreation land located?
    The property is located at ON WILSON SCHOOL RD Tomahawk, WI.
    What is the asking price?
    The asking price for this property is $151,800.
    What are key features of this property?
    This property features: 40 acres of wooded forestland; Enrolled in Managed Forest Law program for tax relief; Road frontage on two sides with power available
    (715) 612-0508
    We can help!
    Listing Contact
    TODD FREDERICKSON
    Real Estate License ID: 5735690
    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
    ON WILSON SCHOOL RD, Tomahawk, WI 54487
    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!