Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Northwoods Hunting and Recreation Land Title is generated by Realmo AI

    4724 Popko Cir W, Mercer, WI 54547

    View on Map
    Claim this Listing
    For Sale
    $725,000

    Ten-parcel tract with woodlands and wetlands, plus a driveway and an older cabin, suited for hunting and private recreation.

    Type:Land
    Lot size:
    361.50 Acres
    Added:
    May 29, 2026
    Days on Market:
    9
    Last Refresh:
    Jun 6 at 3:02 am

    Property Features for 4724 Popko Cir W

    General Information

    Standard status
    Active
    Lot size
    361.50 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    ANDREW HARRIS

    Listing agent ANDREW HARRIS License #6501401828

    Listing office SHOREWEST - MANITOWISH WATERS

    Listing date May 29, 2026

    Source Exprealty

    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 SHOREWEST - MANITOWISH WATERS

    HighLights

    • 361.5‑acre Northwoods property offered as ten parcels
    • Includes abundant woodlands and natural cover, with wetland areas
    • Eastern parcels border Iron County land for additional privacy and room to roam
    • Driveway already in place on the property
    • Older cabin on‑site may be salvageable with some work

    Overview

    This offering consists of ten parcels totaling 361.5 acres of Northwoods land with a mix of abundant woodlands, natural cover, and areas of wetland. The property includes a driveway already in place, and there is an older cabin on site that may be salvageable with some work. With the combination of upland cover and wet areas, the land provides diverse habitat for wildlife and offers flexibility for outdoor uses.

    The property is described as being near the Turtle Flambeau Flowage, with convenience to town still within reach. The eastern parcels border Iron County land, which can help preserve a sense of privacy and expand the feeling of space to roam.

    This tract is a practical fit for buyers looking for a dedicated hunting property or a private recreational retreat. It also supports longer-range ideas such as building or using the cabin after appropriate work, given the existing access improvements and the presence of an older structure. With multiple parcels and varied cover types, the property can accommodate a range of outdoor activities while remaining under common ownership.
    Location Intelligence

    Current Use by Public Records

    Hunting land

    Suggested Use

    Bar & Pub Big Box & Wholesale Store Hotel & Motel Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Mercer
    County
    State
    Wisconsin
    Longitude
    -90.1547472
    Latitude
    46.1480324

    Nearby Similar for Sale

    • $779,000
      4,000 SF

      Mercer, WI Commercial Opportunity

      Turn-key business with highway frontage on 1.66 acres.
      5079 HWY 51, Mercer, WI 54547
      View Details
    • $479,900
      3,000 SF

      Turnkey Automotive Service Center

      Fully equipped automotive service center on high-traffic corner lot.
      5235N HWY 51, Mercer, WI 54547
      View Details
    • $348,500

      Iconic Supper Club For Sale

      Northwoods landmark with highway frontage and established supper club.
      1711 HWY 51, Mercer, WI 54547
      View Details
    • $697,000

      Restaurant and Event Center For Sale

      Popular restaurant, bar, and event center in downtown Mercer, WI.
      5234 HWY 51, Mercer, WI 54547
      View Details
    • $75,000

      Wooded Land with Creek Frontage

      7.7-acre parcel with creek, utilities, and trail access.
      4074W WEBER RD, Mercer, WI 54547
      View Details
    • $94,500

      Mercer, WI Land on Highway

      3.1 acre parcel with highway frontage near state forest.
      0660W HWY 51, Mercer, WI 54547
      View Details
    • $49,900

      Mercer, WI Land Parcel

      5+ acre land parcel near Turtle Flambeau Flowage.
      PRCL 18 CAMP NOKOMIS RD, Mercer, WI 54547
      View Details
    • $39,000

      Mercer, WI Waterfront Land Parcel

      1.61-acre waterfront property on Payment Lake with 353' frontage.
      PAYMENT LAKE RD lot: 1, Mercer, WI 54547
      View Details
    • $779,000
      4,000 SF

      Turn-Key Furniture Store on Highway

      Established furniture store with highway frontage and expansion potential.
      5079N Hwy 51, Mercer, WI 54547
      View Details
    • $339,500

      Secluded Hunting Land with Cabin

      160-acre hunting land with off-grid cabin near Mercer, WI.
      160 AC CTH FF, Mercer, WI 54547
      View Details
    • $795,000

      Private Lakefront Land Parcel

      39-acre parcel with private lake, garage, and power.
      8677N DAVIS RD, Mercer, WI 54534
      View Details
    • $169,000

      Mercer, WI Land with River

      8-acre land with 500+ ft river frontage in Mercer.
      1n2 666 MERCER LAKE CR S, Mercer, WI 54547
      View Details

    FAQs

    What type of property is this?
    Hunting land - Ten-parcel tract with woodlands and wetlands, plus a driveway and an older cabin, suited for hunting and private recreation.
    Where is this hunting land located?
    The property is located at 4724 Popko Cir W Mercer, WI.
    What is the asking price?
    The asking price for this property is $725,000.
    What are key features of this property?
    This property features: 361.5‑acre Northwoods property offered as ten parcels; Includes abundant woodlands and natural cover, with wetland areas; Eastern parcels border Iron County land for additional privacy and room to roam
    (715) 904-1065
    We can help!
    Listing Contact
    ANDREW HARRIS
    Real Estate License ID: 6501401828
    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
    4724 Popko Cir W, Mercer, WI 54547
    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!