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

    1427 Sawgrass Drive Nekoosa, WI 54457

    View on Map
    Claim this Listing
    New
    For Sale
    $84,900

    Rural - Nekoosa, WI

    Lot size:
    0.67 Acres
    Added:
    Apr 28, 2026
    Days on Market:
    3
    Last Refresh:
    Apr 30 at 12:06 pm

    Property Features for 1427 Sawgrass Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    LD
    Vegetation
    Wooded
    Exterior features
    Wooded, None
    Standard status
    Active
    APN
    030-04152-0533
    Lot size
    0.67 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    634
    Expense value
    720
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Utilities

    Water front features
    Lake, Water Ski Lake

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Al Schmidt
    Al Schmidt

    Listing agent Al Schmidt

    Listing office Rome Realty LLC 1154 Apache Ave, Nekoosa, WI

    Listing date Apr 28, 2026

    MLS# 2021867 Listing URL

    Copyright © 2026 REALTORS® Association of South Central Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lakes Course Home Site

    This 0.67-acre property is located near the #2 green and pond of Lake Arrowhead's Lakes Course. The site is wooded with level topography and southern exposure. The property is conveniently located near Lake Arrowhead's South Lake Center Beach and is nearly adjacent to Sand Valley's Lido Course. The surrounding area includes four lakes and eight golf courses, including Sand Valley's layouts, Wisconsin's largest ATV Park (700 acres), and trails for hiking and biking. The property is located in Rome.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Hotel & Motel Gym & Fitness Center Storage Facility Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Nekoosa
    County
    Wood
    State
    Wisconsin
    Longitude
    -89.84312
    Latitude
    44.200814

    Nearby Similar for Sale

    • $1,349,900

      Versatile Commercial Buildings Near Sand Valley

      Two commercial buildings totaling 11,000 sqft on 2.41 acres.
      1144 County Road D, Nekoosa, WI 54457
      View Details
    • $374,900
      9,237 SF

      Historic Commercial Building in Nekoosa

      Three-level commercial building with investment potential in Nekoosa, Wisconsin.
      318 MARKET STREET, Nekoosa, WI 54457
      View Details
    • $449,900

      Lakefront Land with Campsites

      6 acres MOL on Lake Petenwell with campsites.
      112 County Rd Z, Nekoosa, WI 54457
      View Details
    • $69,500

      Nekoosa Camping Property with Amenities

      Serene camping property near Chalet with Lake Arrowhead Association amenities.
      558 Feather Trail, Nekoosa, WI 54457
      View Details
    • $28,750

      Lake Arrowhead Access Property

      Oversized lot with lake access and community amenities.
      1181 Brown Bear Trail, Nekoosa, WI 54457
      View Details
    • $22,900

      Lake Access Manufactured Home Property

      Wooded property near lakes and golf courses.
      1609 Hornet Trail, Nekoosa, WI 54457
      View Details
    • $23,900

      Lake Access Homesite Near Golf

      Homesite near Lake Petenwell, Lake Arrowhead, and Sand Valley.
      325 Juniper Trail, Nekoosa, WI 54457
      View Details
    • $49,900

      Wooded Lot Near Lake Petenwell

      Buildable lot with lake access and recreational opportunities.
      579 17th Avenue, Nekoosa, WI 54457
      View Details
    • $21,900

      Lake Arrowhead Lake Access Property

      Homesite with sunset views, near Lake Petenwell and Sand Valley.
      1617 Kingswood Trail, Nekoosa, WI 54457
      View Details
    • $52,900

      Lake Arrowhead Acreage Homesite

      Wooded 1-acre homesite near Lake Arrowhead Recreation Center.
      478 Duffers Trail, Nekoosa, WI 54457
      View Details
    • $53,500

      Lake Access Camping Property

      Improved campsite with lake access near Camelot Lodge.
      852 Sterling Road, Nekoosa, WI 54557
      View Details
    • $185,900

      Petenwell Lake Waterfront Lot

      2.26 acre waterfront lot on Petenwell Lake.
      Lot 48 Grand View Trail, Nekoosa, WI 54457
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Spectacular wooded homesite near Lake Arrowhead's Lakes Course.
    Where is this residential land & home lot located?
    The property is located at 1427 Sawgrass Drive Nekoosa, WI.
    What is the asking price?
    The asking price for this property is $84,900.
    What are key features of this property?
    This property features: Lake Arrowhead Lakes Course location, near #2 green and pond.; Convenient to Lake Arrowhead's South Lake Center Beach.; Nicely wooded lot with level topography and southern exposure.
    (715) 570-1220
    We can help!
    Listing Contact
    Al Schmidt
    Al Schmidt
    Real Estate License ID: 2494890
    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!