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    Eland Agricultural Land with Barn Title is generated by Realmo AI

    179432 COUNTY ROAD II, Eland, WI 54427

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    Claim this Listing
    For Sale
    $460,000

    LAND - Eland, WI

    Property size:
    12,800 SF
    Lot size:
    28.06 Acres
    Price / SF:
    $35/SF
    Added:
    Jan 17, 2025
    Days on Market:
    495
    Last Refresh:
    May 27 at 12:06 am

    Property Features for 179432 COUNTY ROAD II

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Size
    12,800 SF
    Lot size
    28.06 Acres

    Taxes and HOA fees

    Tax Year
    2025

    Utilities

    Water source
    Private

    We can help!

    Listing Contact
    AUSTIN SOLOMON
    AUSTIN SOLOMON

    Listing agent AUSTIN SOLOMON License #81433-94

    Listing office COLDWELL BANKER ACTION 928 GRAND AVENUE, Schofield, WI

    Listing date Jan 17, 2025

    MLS# 22500189 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.

    HighLights

    • State‑of‑the‑art 12,800 sq ft barn built in 2012, featuring concrete approaches and insulated overhead doors.
    • 28.06 prime acres of land, primarily agricultural, with functional typography.
    • Convenient location: short commute to Weston/Wausau, with Hwy‑29 access only 5 minutes away.
    • Existing private well and electric service.
    • Barn features include 20‑ft ceiling fans, insulated roof and aluminum ceiling, treated curtain boards, and multiple overhead doors with radio controls.
    • Located in the Town of Elderon with relatively low taxes.

    Overview

    This 28.06-acre parcel in Eland is primarily agricultural land, featuring high ground and rolling hills suitable for crops or pasture. A state-of-the-art 12,800 sq ft barn, constructed in 2012, is located on the property. The barn includes a 20-ft x 98-ft concrete approach on both ends. A private well and electric service are already in place. Inside, the barn features two 20-ft ceiling fans, 10 Haas insulated overhead doors, six sets of radio controls, and 12 exterior 3-button stations. The roof is constructed with 28-gauge steel, 6 inches of insulation, and an aluminum ceiling. Treated curtain boards with a 4-ft chain link on the bottom and bird wire are installed on the ridge curtain. The barn is designed for beef cattle with 250-ft of headlocks, a 24-ft x 10-ft feed curb, a 5-in thick feed alley, and a 4-in thick scrape alley (16-ft wide with a 12-in curb). Located approximately 15 minutes from Weston and 20 minutes from Wausau, with convenient access to Hwy-29, which is only 5 minutes away. Situated in the Town of Elderon, the property had relatively low taxes of $1,029 in 2024 and is located in the Wittenberg / Birnamwood School District. The building offers multiple future uses: passive income from storage, other farm / hobby animals, or a workshop.
    Property Profile Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Hotel & Motel Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Eland
    County
    Marathon
    State
    Wisconsin
    Longitude
    -89.2459725
    Latitude
    44.8274766

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    • $279,900
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      Multi-Business Opportunity on State Highway

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    • $599,900

      80 Acres of Hunting Land

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    FAQs

    What type of property is this?
    Farm - 28.06 acres with a 12,800 sq ft barn.
    Where is this farm located?
    The property is located at 179432 COUNTY ROAD II Eland, WI.
    What is the asking price?
    The asking price for this property is $460,000.
    What are key features of this property?
    This property features: State‑of‑the‑art 12,800 sq ft barn built in 2012, featuring concrete approaches and insulated overhead doors.; 28.06 prime acres of land, primarily agricultural, with functional typography.; Convenient location: short commute to Weston/Wausau, with Hwy‑29 access only 5 minutes away.
    (715) 212-4693
    We can help!
    Listing Contact
    AUSTIN SOLOMON
    AUSTIN SOLOMON
    Real Estate License ID: 81433-94
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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.

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