Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Vacant Lot South of Tomah Title is generated by Realmo AI

    Lot 2 Honeycut, Tomah, WI 54660

    View on Map
    Claim this Listing
    For Sale
    $30,000

    Vacant lot in country subdivision with southern exposure.

    Type:Lots & Acreage / Rural
    Added:
    Jun 18, 2024
    Days on Market:
    717
    Last Refresh:
    Mar 13 at 1:01 pm

    Property Features for Lot 2 Honeycut

    General Information

    Standard status
    Active
    Property subtype
    Lots & Acreage / Rural

    We can help!

    Listing Contact
    Jess Groth
    Jess Groth

    Listing agent Jess Groth License #88511-94

    Listing office First Weber Inc

    Listing date Jun 18, 2024

    Source Compass

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of First Weber Inc

    HighLights

    • Vacant lot ready for development
    • Located in a country subdivision
    • Southern exposure
    • South of Tomah
    • Building restrictions in place
    • Ready for immediate purchase

    Overview

    This vacant lot is located in a country subdivision south of Tomah and features a southern exposure. Building restrictions apply to the property.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Big Box & Wholesale Store Department Store Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Tomah
    County
    Monroe
    State
    Wisconsin
    Longitude
    -90.499402
    Latitude
    43.925283

    Nearby Similar for Sale

    • $2,997,000

      Hospitality & Event Complex

      Turn-key hospitality operations and remodeled lodging sit on a multi-recreation acreage with RV potential and event-ready spaces.
      10555 Freedom Rd, Tomah, WI 54660
      View Details
    • $249,900

      Turnkey Glass Repair & Service Business

      Operate a long-established glass replacement and door/window repair business with included building, equipment, and inventory.
      1201 Superior Avenue, Tomah, WI 54660
      View Details
    • $2,104,000

      Hospitality and Recreation Compound

      Remodeled main building, turnkey bar, rental units, and multi-sport recreation on a large landscaped property.
      10555 Freedom Rd, Tomah, WI 54660
      View Details
    • $2,329,000

      Campground and Motel Property

      Remodeled hospitality building with turn-key bar, rental units, and RV capability on manicured grounds for events and recreation.
      10555 Freedom Rd, Tomah, WI 54660
      View Details
    • $854,000
      9,400 SF

      Turn-Key Business Opportunity Near Tomah

      60-acre property with remodeled buildings, active bar, and rental units.
      60 +/- Acres Freedom rd, Tomah, WI 54660
      View Details
    • $374,900

      68 Acres Recreational Land Near Tomah

      68+/- acre recreational property with privacy, water, and diverse habitat.
      Grapevine Ave, Tomah, WI 54660
      View Details
    • $850,000

      Tomah Recreational Land with Ponds

      50 acres with ponds, trout stream, and development potential.
      US Hwy 12, Tomah, WI 54660
      View Details
    • $374,500

      Two-Story Multifamily Investment Property

      Mixed income setup with month-to-month units and a rubber roof installed in 2023 with a 20-year warranty.
      320 - 322 Superior Avenue, Tomah, WI 54660
      View Details
    • $1,975,000
      20,000 SF

      Restaurant, Bar, and Bowling Alley

      Established restaurant, bar, and bowling alley in Tomah, Wisconsin.
      210-202 Superior Ave -, Tomah, WI 54660
      View Details
    • $349,900

      Side-by-Side Duplex With Remodel

      Completely remodeled side-by-side duplex suited for investment income or owner occupancy in a residentially zoned area.
      315 W Juneau Street, Tomah, WI 54660
      View Details
    • $199,900

      Two-Unit Duplex with Private Entrances

      A rare privacy-focused duplex with two private-entry 2-bedroom units, driveways, and two-car garages on an acre lot.
      215 E Logan Street, Tomah, WI 54660
      View Details
    • $499,900

      Duplex With Development Land

      Large duplex on one acre plus additional acreage for multi-family expansion or low-impact recreational use.
      215 E Logan Street, Tomah, WI 54660
      View Details

    FAQs

    What type of property is this?
    Land - Vacant lot in country subdivision with southern exposure.
    Where is this land located?
    The property is located at Lot 2 Honeycut Tomah, WI.
    What is the asking price?
    The asking price for this property is $30,000.
    What are key features of this property?
    This property features: Vacant lot ready for development; Located in a country subdivision; Southern exposure
    (608) 343-6575
    We can help!
    Listing Contact
    Jess Groth
    Jess Groth
    Real Estate License ID: 88511-94
    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

    Thank You for Inquiry
    Lot 2 Honeycut, Tomah, WI 54660
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!