Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Petenwell Lake Waterfront Lot Title is generated by Realmo AI

    Lot 48 Grand View Trail, Nekoosa, WI 54457

    View on Map
    Claim this Listing
    For Sale
    $185,900

    Rural - Nekoosa, WI

    Lot size:
    2.26 Acres
    Added:
    Apr 7, 2026
    Days on Market:
    58
    Last Refresh:
    Jun 3 at 8:06 am

    Property Features for Lot 48 Grand View Trail

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Res/PUD/Sh
    Vegetation
    Wooded
    Exterior features
    Wooded, None
    Dock
    1
    Standard status
    Active
    APN
    290021815.48
    Lot size
    2.26 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    1582
    Expense value
    350
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Utilities

    Water front features
    Lake, Water Ski Lake, River, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Paul Merk
    Paul Merk

    Listing agent Paul Merk

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

    Listing date Apr 7, 2026

    MLS# 2019886 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.

    HighLights

    • Waterfront lot with 151 feet of frontage on Petenwell Lake.
    • 2.26 acre lot with spectacular views of Wisconsin's 2nd largest lake.
    • Access to 23,000+ acre Petenwell Lake for water sports, sailing.
    • Enough elevation to support a conventional septic system and a dry basement.
    • ATV/UTV/Snowmobile access directly from the lot.
    • Known for excellent fishing.

    Overview

    This 2.26-acre waterfront lot features 151 feet of frontage on Petenwell Lake, offering views of Wisconsin's second-largest lake. The lake spans over 23,000 acres and is suitable for various water sports, including sailing, and is known for fishing. The lot's elevation supports a conventional septic system and a dry basement. Located in Nekoosa, Wisconsin, the property allows for ATV, UTV, and snowmobile activities directly from the lot. The zoning is Res/PUD/Sh.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Real Estate Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Nekoosa
    County
    Wood
    State
    Wisconsin
    Longitude
    -89.9372478
    Latitude
    44.2016139

    Nearby Similar for Sale

    • $1,349,900

      Modern Strip Mall Development Opportunity

      Two new buildings offer leased income and flexible space for retail, office, or recreation users along a high-traffic highway.
      1144 County Road D, Nekoosa, WI 54457
      View Details
    • $22,900

      Lake Access Manufactured Home Property

      Wooded property near lakes and golf courses.
      1609 Hornet Trail, Nekoosa, WI 54457
      View Details
    • $350,000

      Lake Arrowhead Waterfront Homesite

      One-acre waterfront lot on Lake Arrowhead with community amenities.
      373 White Waters Trail, Nekoosa, WI 54457
      View Details
    • $23,900

      Lake Access Homesite Near Golf

      Homesite near Lake Petenwell, Lake Arrowhead, and Sand Valley.
      325 Juniper Trail, Nekoosa, WI 54457
      View Details
    • $21,900

      Lake Arrowhead Lake Access Property

      Homesite with sunset views, near Lake Petenwell and Sand Valley.
      1617 Kingswood Trail, Nekoosa, WI 54457
      View Details
    • $52,900

      Lake Arrowhead Acreage Homesite

      Wooded 1.11-acre homesite near Lake Arrowhead Recreation Center.
      476 Duffers Trail, Nekoosa, WI 54457
      View Details
    • $31,900

      Lake Sherwood Access Land Parcel

      Level 0.35-acre parcel near Lake Sherwood beach access.
      1026 Long Bow Court, Nekoosa, WI 54457
      View Details
    • $449,900

      Lakefront Land with Campsites

      6 acres MOL on Lake Petenwell with campsites.
      112 County Rd Z, Nekoosa, WI 54457
      View Details
    • $19,900

      Lake Arrowhead Home Site

      Scenic homesite with lake access near clubhouse and pool.
      462 Duffers Trail, Nekoosa, WI 54457
      View Details
    • $260,000

      Lakefront Build-Ready Land

      Wooded shoreline parcel with installed septic and well, ready for a private lake retreat near an association pier.
      N14672 Porter Road, Nekoosa, WI 54457
      View Details
    • $59,900

      Lake Arrowhead Golf Course Lot

      Wooded lot on golf course near amenities in Nekoosa, WI.
      456 Tomahawk Trail, Nekoosa, WI 54457
      View Details
    • $109,900

      Lake Arrowhead Golf Course Homesite

      Golf course living at its best in Lake Arrowhead!
      1437 Medina Court, Nekoosa, WI 54457
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - 2.26 acre waterfront lot on Petenwell Lake.
    Where is this waterfront land located?
    The property is located at Lot 48 Grand View Trail Nekoosa, WI.
    What is the asking price?
    The asking price for this property is $185,900.
    What are key features of this property?
    This property features: Waterfront lot with **151 feet of frontage on Petenwell Lake.**; **2.26 acre lot with spectacular views** of Wisconsin's 2nd largest lake.; Access to 23,000+ acre Petenwell Lake for water sports, sailing.
    (608) 547-4884
    We can help!
    Listing Contact
    Paul Merk
    Paul Merk
    Real Estate License ID: 5300490
    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 48 Grand View Trail, Nekoosa, WI 54457
    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!