Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Turn-Key Campground with Office Shop Title is generated by Realmo AI

    650 N Judgement Street, Shullsburg, WI 53586

    View on Map
    Claim this Listing
    For Sale
    $469,900

    Campground,Office,Recreation - Shullsburg, WI

    Lot size:
    5.49 Acres
    Added:
    Mar 7, 2026
    Days on Market:
    88
    Last Refresh:
    Jun 3 at 10:06 am

    Property Features for 650 N Judgement Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Parking features
    Other
    Interior features
    Public rest rooms, Inside storage
    Exterior features
    Outside storage
    Standard status
    Active
    APN
    28104512000
    Lot size
    5.49 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    1753

    Utilities

    Heating system
    Wall Furnace

    Building Details

    Floors in Building
    1
    Number of units
    2
    Roof type
    Metal
    Architectural style
    Other
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Lisa Coughlin Wafle

    Listing agent Lisa Coughlin Wafle

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

    Listing date Mar 7, 2026

    MLS# 2017957 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

    • Turn‑key 25‑site campground in a prime recreational area.
    • 20 full‑hookup sites with city water and sewer.
    • Located near popular UTV trail systems.
    • 5.49 acres with room to expand.
    • 50' x 80' pole building with office/reception area and heated workshop.
    • Includes 5 tent camping sites.

    Overview

    This turn-key campground opportunity features 25 total campsites, including 20 full-hookup sites served by city water and sewer, plus five additional tent camping sites designed to broaden guest options. The property is described as well-maintained and is set up for seasonal and traveler demand.

    Located in Shullsburg, Wisconsin on a 5.49-acre site, the campground offers room for operations and potential expansion. An on-site 50’ x 80’ pole building includes a front office/reception area and a small heated workshop, supporting day-to-day management, maintenance, and storage needs. The property is positioned near recreational riding and UTV trail systems, which can help attract outdoor visitors and repeat stays.

    For buyers seeking an established hospitality and recreation asset, the combination of full-hookup RV accommodations, tent sites, and functional maintenance space can support steady seasonal operations. With a campground-first layout and the included office and heated workshop, it is well suited for an owner-operator or an investor looking for a hands-on property in a recreational area.
    Property Profile Location Intelligence

    Current Use by Public Records

    DAT Campground Campground & RV Park

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Shullsburg
    County
    Lafayette
    State
    Wisconsin
    Longitude
    -90.230845
    Latitude
    42.578582

    Nearby Similar for Sale

    • $499,000

      Grocery Store & Retail Opportunity

      Own a downtown grocery store business, including equipment and inventory, with shared-ownership structure and a historic 1920 building.
      132 W Water Street, Shullsburg, WI 53586-9436
      View Details
    • $289,900

      Corner Office & Retail Building

      Corner commercial property with state highway signage and updated parking, plus indoor utility amenities across two levels.
      613 W Water Street, Shullsburg, WI 53586
      View Details
    • $469,900
      4,000 SF

      Turn-Key Campground Opportunity

      25-site campground in prime recreational area.
      650 N Judgement, Shullsburg, WI 53586
      View Details
    • $499,000
      3,460 SF

      Shullsburg Grocery Store Opportunity

      Grocery store business for sale in downtown Shullsburg.
      132 W Water, Shullsburg, WI 53586-9436
      View Details
    • $289,900

      Corner Lot in Business District

      Commercial or residential use property on corner lot.
      613 W Water Street, Shullsburg, WI 53586
      View Details

    FAQs

    What type of property is this?
    Campground - Well-maintained 25-site campground with full-hookup RV sites, tent sites, and an on-site office and heated workshop.
    Where is this campground located?
    The property is located at 650 N Judgement Street Shullsburg, WI.
    What is the asking price?
    The asking price for this property is $469,900.
    What are key features of this property?
    This property features: Turn‑key 25‑site campground in a prime recreational area.; 20 full‑hookup sites with city water and sewer.; Located near popular UTV trail systems.
    (608) 547-5600
    We can help!
    Listing Contact
    Lisa Coughlin Wafle
    Real Estate License ID: 5538390
    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
    650 N Judgement Street, Shullsburg, WI 53586
    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!