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    Waterfront Bluff Development Lots Title is generated by Realmo AI

    S1534 Shawnee Drive, Alma, WI 54610

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    Lots & Land - Alma, WI

    Lot size:
    0.45 Acres
    Added:
    May 8, 2026
    Days on Market:
    27
    Last Refresh:
    Jun 3 at 1:06 am

    Property Features for S1534 Shawnee Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential-Single Family
    Standard status
    Active
    APN
    201003101115
    Lot size
    0.45 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    332.49

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Ben Mains

    Listing agent Ben Mains

    Listing office Keller Williams Select Realty 1915 Plaza Dr, Apple Valley, WI

    Listing date May 8, 2026

    MLS# 7082103 Listing URL

    Copyright © 2026 Northstar 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

    • Development opportunity with lots perched high in the bluffs overlooking the Mississippi River and Alma
    • Panoramic bluff‑country views in Buffalo County, Wisconsin
    • Property is near downtown Alma, marinas, restaurants, and outdoor recreation
    • Multi‑lot purchase incentive available
    • Option to purchase the entire development and own nearly 20 acres

    Overview

    These residential-single-family lots offer a rare development opportunity perched high in the bluffs overlooking the Mississippi River and the river town of Alma. The parcels are positioned to capture scenic, panoramic views associated with Wisconsin’s bluff country landscape, with the area characterized by privacy, nature, and mature timber.

    Located in Buffalo County, the property sits within minutes of downtown Alma, marinas, restaurants, and outdoor recreation. The setting includes rolling hills and iconic bluff-country scenery, making the lots an appealing option for buyers seeking a balance of seclusion and access to local amenities. This is also an area known for world-class whitetail deer hunting, which may resonate with buyers planning personal use or recreational-focused land holdings.

    Ideal for investors and builders looking for small-lot residential development, the parcels can support owner-occupied construction, a private retreat, or a legacy-style building plan. If you’re exploring multi-lot purchases or evaluating the option to acquire the entire development, this offering provides a focused way to secure bluff-side property in a highly sought-after outdoor destination.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Auto Repair Shop Gym & Fitness Center Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Alma
    County
    Buffalo
    State
    Wisconsin
    Longitude
    -91.928924
    Latitude
    44.371827

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    FAQs

    What type of property is this?
    Waterfront Land - Residential-single-family lots with Mississippi River bluff views, suited for private retreats or small-scale development in Alma, WI.
    Where is this waterfront land located?
    The property is located at S1534 Shawnee Drive Alma, WI.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Development opportunity with lots perched high in the bluffs overlooking the Mississippi River and Alma; Panoramic bluff‑country views in Buffalo County, Wisconsin; Property is near downtown Alma, marinas, restaurants, and outdoor recreation
    (651) 271-7472
    We can help!
    Listing Contact
    Ben Mains
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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
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