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

    3.02 Ac 28th St Necedah, WI 54646

    View on Map
    Claim this Listing
    For Sale
    Under Contract
    $54,888

    Rural - Necedah, WI

    Lot size:
    3.02 Acres
    Added:
    Apr 23, 2026
    Days on Market:
    8
    Last Refresh:
    Apr 30 at 9:06 pm

    Property Features for 3.02 Ac 28th St

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    resid
    Vegetation
    Wooded
    Exterior features
    Wooded, None
    Standard status
    Active Under Contract
    APN
    290120186.14
    Lot size
    3.02 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    256

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Kim Connors-Johnson

    Listing agent Kim Connors-Johnson

    Listing office Castle Rock Realty LLC 104 W State St. (CC), Mauston, WI

    Listing date Apr 23, 2026

    MLS# 2021225 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

    Wooded Land Near Wisconsin Lakes

    This wooded lot, over 3 acres in size, is situated in a Wisconsin recreation area. It is located near Castle Rock Lake and Petenwell Lake, which are the state's second and fourth largest lakes respectively, providing access to boating, fishing and water activities. Direct access to ATV and snowmobile trails caters to outdoor activities throughout the year. The Necedah National Wildlife Refuge is nearby, offering opportunities for hiking, birdwatching, and wildlife viewing. The property allows for building a getaway or permanent residence. The zoning is residential. There are no HOA fees. This property is located in Necedah, Wisconsin.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Necedah
    County
    Juneau
    State
    Wisconsin
    Longitude
    -90.1995635
    Latitude
    43.9807171

    Nearby Similar for Sale

    • $225,000

      Restaurant/Cafe in Prime Location

      Turn-key restaurant/cafe ready for new owner in Necedah, WI.
      1111 S Main Street, Necedah, WI 54646
      View Details
    • $325,000

      Lake Petenwell Wooded Paradise Lot

      2.37 acres on Wisconsin's 2nd largest lake.
      W4627 Big Bay Road, Necedah, WI 54646
      View Details
    • $325,000

      Lake Petenwell Wooded Waterfront Lot

      Rare 3+ acre lot with 140' frontage on Lake Petenwell.
      N13692 Pinewood Drive, Necedah, WI 54646
      View Details
    • $249,900

      Ranch-Style Duplex in Necedah, WI

      Well-maintained duplex with tenant-occupied units and recent upgrades.
      702 W 2ND Street, Necedah, WI 54646
      View Details
    • $167,000

      Wooded Land Near Wildlife Refuge

      7.27 acres with well, septic, and electric hookups.
      W6718 18th Street, Necedah, WI 54646
      View Details
    • $295,000

      Waterfront Lot on Castle Rock

      2.7 acre waterfront lot with 219' frontage on Castle Rock Lake.
      W4054 29th Street, Necedah, WI 54646
      View Details
    • $219,000

      Lake Petenwell Land Opportunity

      2+ acre lot with deeded boat slip access.
      W3751 7th Street, Necedah, WI 54646
      View Details
    • $290,000

      Waterfront Lot on Castle Rock

      Waterfront lot with rental potential on Castle Rock Lake.
      W4132 Mays Point Road, Necedah, WI 54646
      View Details
    • $253,000

      Waterfront Lot on Lake Petenwell

      Vacant waterfront lot perfect for recreation and building your dream home.
      Lot 26 Big Bay Road, Necedah, WI 54646
      View Details
    • $120,000

      Wooded Parcel Near Petenwell Lake

      2.49-acre wooded parcel with lake access and utilities.
      W4932 10th Street, Necedah, WI 54646
      View Details
    • $89,900

      Waterfront Land in Murmuring Pines

      Acreage with lake access and wooded privacy in Necedah, WI.
      W4116 Murmuring Pines Drive, Necedah, WI 54646
      View Details
    • $199,500

      Castle Rock Lake Frontage

      Waterfront land near Buckhorn State Park and Northern Bay Golf.
      N9274 22nd Avenue, Necedah, WI 54646
      View Details

    FAQs

    What type of property is this?
    Recreation land - 3+ acre wooded lot near Castle Rock and Petenwell Lakes.
    Where is this recreation land located?
    The property is located at 3.02 Ac 28th St Necedah, WI.
    What is the asking price?
    The asking price for this property is $54,888.
    What are key features of this property?
    This property features: Direct access to ATV and snowmobile trails for year‑round outdoor recreation.; Minutes from Castle Rock Lake and Petenwell Lake offering boating, fishing, and water activities.; 3+ acre wooded lot providing privacy and a connection to nature.
    (608) 547-5461
    We can help!
    Listing Contact
    Kim Connors-Johnson
    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!