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

    Pcl1-3 Sandy Bay Rd Two Rivers, WI 54241

    View on Map
    For Sale
    $579,900

    Recreational,Residential - Two Rivers, WI

    Lot size:
    54.86 Acres
    Added:
    Oct 7, 2024
    Days on Market:
    541
    Last Refresh:
    Mar 31 at 11:06 pm

    Property Features for Pcl1-3 Sandy Bay Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R-1 & R-4
    Standard status
    Active
    APN
    2311020038
    Lot size
    54.86 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxAnnualAmount
    2498.45

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    George Krause Jr
    George Krause Jr

    Listing agent George Krause Jr License #51721-90

    Listing office Park Regency Real Estate LLC 100 Maritime Drive, Suite 3C, Manitowoc, WI 54220, Manitowoc, WI

    Listing date Oct 7, 2024

    MLS# 1895048 Listing URL

    Copyright © 2026 Metro 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

    Two Rivers Developable Acreage

    This is a developable 54.86-acre property consisting of three parcels of land located near Point Beach State Forest and contiguous to the north of the Sandy Bay Highlands Subdivision in the City of Two Rivers, Wisconsin. The Rawley Point nature trail runs along the east edge of the two largest parcels. The two largest tracts are 29.23 and 24.49 acres respectively, and are accessed off Sandy Bay Road and one lot off Pierce Court. All three parcels offer both developmental and recreational possibilities. Point Beach State Forest is located east across the road from the land. The property is located within the city limits of Two Rivers. It is zoned for residential use by the City of Two Rivers, making it suitable for building, developing, and recreational use.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Two Rivers
    County
    Manitowoc
    State
    Wisconsin
    Longitude
    -87.54789
    Latitude
    44.165511

    Nearby Similar for Sale

    • $599,900
      50,800 SF

      Downtown Two Rivers Redevelopment Opportunity

      Redevelopment potential in downtown Two Rivers, TIF eligible.
      1816 Washington St, Two Rivers, WI 54241
      View Details
    • $299,000

      Two Rivers Agricultural Land Parcel

      28.08 acre rural residential land parcel near Two Rivers.
      4955 County Highway VV -, Two Rivers, WI 54241
      View Details
    • $5,000,000
      318,783 SF

      Two Rivers Industrial Center

      318,783 SF multi-tenant manufacturing & distribution center for sale.
      606 Parkway Blvd, Two Rivers, WI 54241
      View Details
    • $579,900

      63.99 Acres Developable Land Parcels

      63.99 acres of land near Point Beach State Forest.
      Parcels #1 thru #3 Sandy Bay Rd (CTH O), Two Rivers, WI 54241
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 54.86 acres in Two Rivers, WI, for development/recreation.
    Where is this residential land & home lot located?
    The property is located at Pcl1-3 Sandy Bay Rd Two Rivers, WI.
    What is the asking price?
    The asking price for this property is $579,900.
    What are key features of this property?
    This property features: Large developable acreage: **54.86 acres across 3 parcels.**; Prime location: Contiguous to Point Beach State Forest and near Sandy Bay Highlands Subdivision.; Recreational opportunities: Rawley Point nature trail along the east edge of the two largest parcels.
    (920) 905-0550
    We can help!
    Listing Contact
    George Krause Jr
    George Krause Jr
    Real Estate License ID: 51721-90
    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!