Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Pine River Hunting and Recreation Title is generated by Realmo AI

    Tbd 48th Street SW, Pine River, MN 56474

    View on Map
    Claim this Listing
    For Sale
    $219,000

    Lots & Land - Pine River, MN

    Lot size:
    39.94 Acres
    Added:
    Nov 13, 2025
    Days on Market:
    185
    Last Refresh:
    May 17 at 1:06 am

    Property Features for Tbd 48th Street SW

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Lot
    Standard status
    Active
    APN
    480334100
    Lot size
    39.94 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    702

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Dennis Wickham

    Listing agent Dennis Wickham

    Listing office Your Home Sold Guaranteed Realty Exclusive 24199 State Hwy 371 Unit #4, Nisswa, MN

    Listing date Nov 13, 2025

    MLS# 6817466 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

    • 39+ acres of private land ideal for hunting and outdoor recreation.
    • Established wildlife habitat with deer and turkey.
    • Mix of mature woods and natural cover.
    • Trails and deer stands already in place.
    • Suitable for a seasonal getaway or future cabin site.
    • Close to local amenities while offering a private wilderness feel.

    Overview

    This 39+ acre property is suited for hunting and recreational activities. Featuring a mix of mature woods and natural cover, the land provides a habitat for deer, turkey, and other game. Trails and deer stands are already in place. The property is located minutes from local amenities, offering both privacy and accessibility.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hunting land

    Map

    City
    Pine River
    County
    Cass
    State
    Minnesota
    Longitude
    -94.346056
    Latitude
    46.631287

    Nearby Similar for Sale

    • $24,900

      Tamarack Lake Land for Sale

      Secluded 2.5-acre lot on Tamarack Lake near Pine River, MN.
      Tbd 36th Avenue SW, Pine River, MN 56474
      View Details
    • $24,900

      Land Near Tamarack Lake

      Vacant land near Pine River with lake access.
      TBD 36th Avenue SW, Pine River, MN 56474
      View Details
    • $849,900

      Lakeshore Property on Lower Hay Lake

      Rare lakeshore property on the Whitefish Chain of Lakes.
      36199 Trail Of Pines Road, Jenkins Twp, MN 56474
      View Details
    • $185,000

      Pine River 21-Acre Development Parcel

      21 acres in Pine River Twp with development potential.
      Tbd 26th Avenue SW, Pine River Twp, MN 56474
      View Details
    • $219,000

      Secluded Hunting and Recreation Land

      39+ acre retreat for privacy, adventure, and hunting.
      TBD 48th Street SW, Pine River, MN 56474
      View Details
    • $40,000

      5.08 Acres in Pine River

      5.08 acre parcel in the peaceful countryside.
      Tbd* 54th Avenue SW, Pine River, MN 56474
      View Details
    • $69,900

      Versatile 15-Acre Commercial Land

      15 acres zoned for commercial or residential use.
      6395 29th Avenue SW, Pine River, MN 56474
      View Details
    • $139,500

      Pine River Land with Evergreens

      20-acre property near Pine River, MN, formerly a Christmas tree farm.
      Tbd Timber Wolf Trail SW, Pine River, MN 56435
      View Details
    • $74,000

      Lakefront Lot in Pine River

      Secluded lakefront lot with utilities in place for immediate enjoyment.
      1022 Rock Elm Trail NW, Pine River, MN 56474
      View Details
    • $44,900

      Residential Land in Pine River

      2.32 acre level lot ready for new home.
      1707 Hassman Hill Tract B Road SW, Pine River, MN 56474
      View Details
    • $55,000

      Pine River Wooded Land Parcel

      4.95 acres of wooded land near Crosslake and Pine River.
      L2 B1 County Road 1, Pine River, MN 56474
      View Details
    • $15,000

      Island Property on Pine River

      Island property surrounded by the Pine River with great fishing.
      Tbd Island, Pine River, MN 56472
      View Details

    FAQs

    What type of property is this?
    Hunting land - 39+ acres of hunting and recreational land near Pine River.
    Where is this hunting land located?
    The property is located at Tbd 48th Street SW Pine River, MN.
    What is the asking price?
    The asking price for this property is $219,000.
    What are key features of this property?
    This property features: 39+ acres of private land ideal for hunting and outdoor recreation.; Established wildlife habitat with deer and turkey.; Mix of mature woods and natural cover.
    (218) 820-6139
    We can help!
    Listing Contact
    Dennis Wickham
    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

    Thank You for Inquiry
    Tbd 48th Street SW, Pine River, MN 56474
    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!