Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    02 MATTHEW DRIVE Birnamwood, WI 54414

    View on Map
    Claim this Listing
    For Sale
    $125,000

    Land - Birnamwood, WI

    Lot size:
    18.90 Acres
    Added:
    Jan 9, 2025
    Days on Market:
    476
    Last Refresh:
    Apr 30 at 10:06 pm

    Property Features for 02 MATTHEW DRIVE

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    Lot size
    18.90 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    452

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    SCOTT WESSEL
    SCOTT WESSEL

    Listing agent SCOTT WESSEL License #56662 - 90

    Listing office WISCONSIN REAL ESTATE CO. LLC 183226 Mayflower Lane, Birnamwood, WI

    Listing date Jan 9, 2025

    MLS# 22500087 Listing URL

    Copyright © 2026 Central Wisconsin 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

    Birnamwood Land with Development Potential

    This 18.9-acre land parcel, located on the edge of town, features an old-growth apple orchard, hardwood ridge, old pasture, and trails. Deer sign is evident throughout the property. Zoned for single-family use, the Village is open to rezoning for multiple uses. Water and sewer access is available at the end of Matthew Drive, offering development potential. The property is situated directly North of 01 Matthew Dr., which is also 18.9 acres. The acreage is per the tax bill.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Auto Parts Store Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Birnamwood
    County
    Shawano
    State
    Wisconsin
    Longitude
    -89.217517
    Latitude
    44.933735

    Nearby Similar for Sale

    • $178,900

      Land with Garage and Septic

      Two lots with garage, well, and septic system near landing.
      N9423 BRUNETTE LN, Stephenson, WI 54414
      View Details
    • $30,000

      Birnamwood Buildable Lot For Sale

      Over 1 acre lot ideal for new home or recreation.
      612 HIGH STREET, Birnamwood, WI 54414
      View Details
    • $165,000

      Birnamwood Land with Development Potential

      18.9 acres of land with development potential in Birnamwood, WI.
      01 MATTHEW DRIVE, Birnamwood, WI 54414
      View Details
    • $94,900

      Birnamwood Land with Trail Access

      10 acres with highway frontage and recreational trail access.
      02 STATE HIGHWAY 45, Birnamwood, WI 54414
      View Details
    • $125,000

      Land with Development Potential

      Land with development potential and desirable features.
      02 Matthew Drive, Birnamwood, WI 54414
      View Details
    • $165,000

      Land with Development Potential

      Land featuring pond, orchard, and development potential near town.
      01 Matthew Drive, Birnamwood, WI 54414
      View Details

    FAQs

    What type of property is this?
    Land - 18.9 acres of residential land with development potential.
    Where is this land located?
    The property is located at 02 MATTHEW DRIVE Birnamwood, WI.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: Prime Location: Situated on the edge of town.; Sizeable Acreage: 18.9 acres (per tax bill).; Development Potential: Village receptive to re‑zoning for multiple uses.
    (715) 572-4636
    We can help!
    Listing Contact
    SCOTT WESSEL
    SCOTT WESSEL
    Real Estate License ID: 56662 - 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!