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    Waterfront Residential Double Lot Title is generated by Realmo AI

    2863 INDEPENDENCE WAY /29 9/16 Avenue, Birchwood, WI 54817

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    For Sale
    $47,900

    LAND - Birchwood, WI

    Lot size:
    0.93 Acres
    Added:
    Jun 3, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 3 at 5:06 pm

    Property Features for 2863 INDEPENDENCE WAY /29 9/16 Avenue

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Wooded
    Standard status
    Active
    APN
    010451507000
    Lot size
    0.93 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    LOTS 5 & 6 SPRUCE SUBDIVISION OF THE WOODS
    Tax Annual Amount
    178

    Utilities

    Water front features
    Lake
    Water front
    1

    We can help!

    Listing Contact
    Jeff Iverson

    Listing agent Jeff Iverson License #57720-90

    Listing office Dane Arthur Real Estate Agency/Birchwood 105 Hwy 48 PO Box 155, Birchwood, WI

    Listing date Jun 3, 2026

    MLS# 1601854 Listing URL

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

    HighLights

    • 0.93‑acre double lot with direct outlot access to Red Cedar Lake, a full recreational lake
    • Lake‑access lot in Loch Lomond Beach Club (LLBC) community with access, not frontage, to Red Cedar Lake
    • 200 AMP electric service plus a 50 AMP RV receptacle and two 20 AMP receptacles included
    • Large level site is prepped; lot is soil tested and perc’d for up to a 3‑bedroom home
    • Adjacent to 42.94 acres of LLBC outlot (undeveloped natural area)
    • LLBC annual maintenance assessment (dues) and CC&R’s apply; LLBC amenities include a private improved boat landing, pool, splash pad, tennis, pickleball, playground, basketball hoop, and RV/boat storage

    Overview

    This residential waterfront double lot offers a large, level building site in a wooded, private setting. The property is approximately 0.93 acres and includes access to Red Cedar Lake through the community arrangement of “access, not frontage.” Utilities are in place with a 200-amp electric service, including a 50-amp RV receptacle and two 20-amp receptacles, supporting both full-time and recreational use.

    The lot is located in the Loch Lomond Beach Club community and is adjacent to 42.94 acres of LLBC outlot described as an undeveloped nature system. It is positioned for direct outlot access and is described as quiet, surrounded by mature trees. Birchwood and Red Cedar Lake are noted as nearby, along with beach club amenities.

    The site has been soil tested and Perc’ed for up to a 3-bedroom home, giving a clear path for development. Buyers should note that lots in Loch Lomond are subject to LLBC annual maintenance assessment (dues) and CC&Rs. The listing also describes community amenities including a private improved boat landing, swimming pool, splash pad, tennis courts, pickleball, playground, and basketball hoop, plus RV and boat storage, along with availability of rental docks.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Birchwood
    County
    Washburn
    State
    Wisconsin
    Longitude
    -91.567366
    Latitude
    45.631625

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    FAQs

    What type of property is this?
    Residential land & home lot - Build a up to 3-bedroom home or cabin on a level wooded double lot with 200-amp electric and lake access.
    Where is this residential land & home lot located?
    The property is located at 2863 INDEPENDENCE WAY /29 9/16 Avenue Birchwood, WI.
    What is the asking price?
    The asking price for this property is $47,900.
    What are key features of this property?
    This property features: 0.93‑acre double lot with direct outlot access to Red Cedar Lake, a full recreational lake; Lake‑access lot in Loch Lomond Beach Club (LLBC) community with access, not frontage, to Red Cedar Lake; 200 AMP electric service plus a 50 AMP RV receptacle and two 20 AMP receptacles included
    (715) 354-9773
    We can help!
    Listing Contact
    Jeff Iverson
    Real Estate License ID: 57720-90
    Learn More
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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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    2863 INDEPENDENCE WAY /29 9/16 Avenue, Birchwood, WI 54817
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