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    Rib Lake Vacant Land Paradise Title is generated by Realmo AI

    W1600 Trout Ave, Rib Lake, WI 54470

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    For Sale
    $350,000

    Vacant Land - Rib Lake, WI

    Lot size:
    87.87 Acres
    Added:
    Apr 25, 2026
    Days on Market:
    32
    Last Refresh:
    May 26 at 3:06 am

    Property Features for W1600 Trout Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active
    Lot size
    87.87 Acres

    Taxes and HOA fees

    Tax Annual Amount
    907

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Ryan Patrick

    Listing agent Ryan Patrick

    Listing office Whitetail Properties Real Estate, LLC 121 S Madison St, Pittsfield, WI

    Listing date Apr 25, 2026

    MLS# 11732777 Listing URL

    Copyright © 2026 My State 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

    • 87.87+/- acre property with 900 yards of combined water frontage on Wood and Layman Creeks.
    • Wood Creek is a designated Class 2 trout stream known for wild trout populations.
    • 17.75 +/- acres of tillable ground suitable for cash rent or food plots.
    • Enrolled in MFL (Managed Forest Law) Closed program, providing property tax relief and 100% private access.
    • Electric and water utilities are already in place.
    • Includes a 2010 Keystone Retreat Camper (optional).

    Overview

    This 87.87-acre property in Taylor County features approximately 900 yards of water frontage along Wood and Layman Creeks. Wood Creek is a Class 2 trout stream known for its cold-water habitat and wild trout populations. The land includes aged timber, with Poplar being the most common. The different-aged Poplar stands create an ideal environment for trophy Whitetail deer and Grouse. Turkeys, bears, woodcock, and ducks can also be found on the property. Nearby farm fields contribute to maintaining a healthy deer population year-round. The property includes 17.75 acres of tillable ground suitable for generating annual cash rent or establishing food plots. The majority of the woodland is enrolled in the MFL (Managed Forest Law) Closed program, providing property tax relief and ensuring private access. The property is located minutes from thousands of acres of public land, including the Taylor County Forest. Electric and water utilities are in place. A 2010 Keystone Retreat Camper is included in the sale, but the sellers would remove it if requested.
    Property Profile Location Intelligence

    Current Use by Public Records

    Recreation land

    Suggested Use

    Restaurant Dental Office Hair Salon Building Supply Auto Repair Shop Big Box & Wholesale Store Hotel & Motel Department Store Bar & Pub Cafe & Coffee Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Rib Lake
    County
    Taylor
    State
    Wisconsin
    Longitude
    -90.12719
    Latitude
    45.266535

    FAQs

    What type of property is this?
    Recreation land - 87.87 acres with water frontage, ideal for recreation.
    Where is this recreation land located?
    The property is located at W1600 Trout Ave Rib Lake, WI.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: 87.87+/- acre property with **900 yards of combined water frontage** on Wood and Layman Creeks.; Wood Creek is a designated Class 2 trout stream known for wild trout populations.; 17.75 +/- acres of tillable ground suitable for cash rent or food plots.
    (715) 905-1314
    We can help!
    Listing Contact
    Ryan Patrick
    Request Owner's contact information
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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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