Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Wooded Land Near Ellsworth Lake Title is generated by Realmo AI

    6319 North Peace Lane, Spooner, WI 54801

    View on Map
    Claim this Listing
    For Sale
    $34,900

    Three-acre wooded property with electric on-site near Ellsworth Lake.

    Type:Land / Mixed Use
    Lot size:
    3.00 Acres
    Added:
    Feb 26, 2026
    Days on Market:
    97
    Last Refresh:
    May 19 at 9:48 pm

    Property Features for 6319 North Peace Lane

    General Information

    Standard status
    Active
    Lot size
    3.00 Acres
    Property subtype
    Land / Mixed Use

    We can help!

    Listing Contact
    Bradi Kasparec

    Listing agent Bradi Kasparec License #60498-90

    Listing office Northern Chase Real Estate

    Listing date Feb 26, 2026

    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 Northern Chase Real Estate

    HighLights

    • Expansive 3 acre property
    • Located on a quiet dead‑end cul‑de‑sac
    • Electric available on the lot
    • Heavily wooded for privacy
    • Mostly high ground
    • South of Ellsworth Lake

    Overview

    This 3-acre property is located on a dead-end cul-de-sac road just south of Ellsworth Lake. The land is heavily wooded, offering added privacy. Electric service is available on the lot. The property is mostly high ground, presenting various possibilities for use. Debris on the property will remain and will not be removed prior to closing.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Spooner
    County
    Washburn
    State
    Wisconsin
    Longitude
    -91.9289
    Latitude
    45.8769

    Nearby Similar for Sale

    • $450,000
      3,020 SF

      Remodeled Office Space in Spooner

      Recently remodeled office space with ample natural light and parking.
      102 S River Street, Spooner, WI 54801
      View Details
    • $799,000
      5,000 SF

      Bass Lake Potential Cabin/Workshop

      Newly constructed building on 4.17 acres with lake frontage.
      N7891 Hilly Lane, Spooner, WI 54801
      View Details
    • $1,300,000
      4,032 SF

      Triple-Income Investment Opportunity in Spooner

      Carwash, oil change center, and laundromat on a high-traffic highway.
      701 S River Street, Spooner, WI 54801
      View Details
    • $125,000

      Commercial Lot on Hwy 63

      Highly visible 0.64 acre commercial lot in Spooner, WI.
      1150 S River Street, Spooner, WI 54801
      View Details
    • $819,900
      4,096 SF

      Rice Lake Shoreline Property

      Lakefront property with main home, cabins, campsites, and commercial potential.
      2069 County Road G, Spooner, WI 54801
      View Details
    • $25,000

      Spooner Land Parcel For Sale

      2.07 acre parcel in Spooner, Wisconsin.
      Tbd 4 Miramar Road, Spooner, WI 54801
      View Details
    • $25,000

      Land Parcel in Spooner, WI

      2.07 acre land parcel with development potential in Spooner.
      Tbd 6 Miramar Road, Spooner, WI 54801
      View Details
    • $25,000

      Spooner Land Parcel For Sale

      2.07 acre parcel in Spooner, WI with investment potential.
      Tbd 2 Miramar Road, Spooner, WI 54801
      View Details
    • $85,000

      Spooner, WI Acreage Opportunity

      14.09 acre parcel with flexibility for expansion and investment.
      Tbd 7 Miramar Road, Spooner, WI 54801
      View Details
    • $145,000

      Spooner, WI 10-Acre Building Site

      10-acre building site near Big McKenzie Lake in Spooner, WI.
      27xxx Hill Rd, Spooner, WI 54801
      View Details
    • $249,000

      Spooner Land with Cabin

      38 acres bordering county forest with cabin and hunting potential.
      W2294 Highway 70, Spooner, WI 54801
      View Details
    • $675,000
      3,340 SF

      Commercial Property with Income Potential

      10.2-acre commercial property featuring multiple income streams.
      27751 County Road A, Spooner, WI 54801
      View Details

    FAQs

    What type of property is this?
    Land - Three-acre wooded property with electric on-site near Ellsworth Lake.
    Where is this land located?
    The property is located at 6319 North Peace Lane Spooner, WI.
    What is the asking price?
    The asking price for this property is $34,900.
    What are key features of this property?
    This property features: Expansive 3 acre property; Located on a quiet dead‑end cul‑de‑sac; Electric available on the lot
    (715) 558-3337
    We can help!
    Listing Contact
    Bradi Kasparec
    Real Estate License ID: 60498-90
    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
    6319 North Peace Lane, Spooner, WI 54801
    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!