Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Lakefront Lot on Lake Nepco Title is generated by Realmo AI

    Lot 7 South Shore Drive, Wisconsin Rapids, WI 54494

    View on Map
    Claim this Listing
    For Sale
    $137,500

    Rural - Wisconsin Rapids, WI

    Lot size:
    0.65 Acres
    Added:
    May 13, 2026
    Days on Market:
    15
    Last Refresh:
    May 27 at 12:06 am

    Property Features for Lot 7 South Shore Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Res/Sh
    Vegetation
    Wooded
    Exterior features
    Boat Slip, Wooded, None
    Dock
    1
    Standard status
    Active
    APN
    1801744
    Lot size
    0.65 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    1335

    Utilities

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

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Mike Coke

    Listing agent Mike Coke

    Listing office EXP Realty, LLC 8383 Greenway Blvd Ste 600, Middleton, WI

    Listing date May 13, 2026

    MLS# 2023029 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

    • Prime .65‑acre wooded waterfront lot on Lake Nepco.
    • Private lake frontage and your own pier.
    • Full recreational lake ideal for boating, fishing, tubing, and waterskiing.
    • Gently sloping terrain suitable for a walk‑out or exposed lower level with maximized lake view.
    • Peaceful setting minutes from Sand Valley Golf Course and other top‑tier courses.
    • Rare opportunity to own lakefront property in a sought‑after location.

    Overview

    This 0.65-acre wooded waterfront lot presents an opportunity to build a lake home on Lake Nepco. The property features private frontage and a pier, providing access to boating, fishing, tubing, and waterskiing. The gently sloping terrain is suitable for a walk-out or exposed lower level, enhancing lake views and natural light. Situated in a peaceful setting, the property is located minutes from Sand Valley Golf Course and other golf courses. This lot offers a blend of relaxation and recreation in a sought-after location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Wisconsin Rapids
    County
    Wood
    State
    Wisconsin
    Longitude
    -89.8330785
    Latitude
    44.3326644

    Nearby Similar for Sale

    • $540,000
      15,015 SF

      Iconic Downtown Retail/Office Building

      Two-story Gothic Revival building in prime downtown location.
      240 W Grand Avenue, Wisconsin Rapids, WI 54495
      View Details
    • $550,000
      15,346 SF

      Iconic Downtown Commercial Space

      Two-story Gothic Revival building in prime downtown location.
      210 W Grand Avenue, Wisconsin Rapids, WI 54495
      View Details
    • $899,000
      7,475 SF

      Established Supper Club Near Sand Valley

      Profitable supper club with expansion opportunities near Sand Valley.
      6510 S STATE HIGHWAY 13, Wisconsin Rapids, WI 54494
      View Details
    • $656,470
      7,100 SF

      Wisconsin Rapids Machine Shop Opportunity

      Machine shop with equipment for sale or lease in Wisconsin.
      600 25TH AVENUE N, Wisconsin Rapids, WI 54495
      View Details
    • $275,000
      6,226 SF

      Iconic Downtown Commercial Space

      Two-story Gothic Revival building with retail and office space.
      264 W Grand Avenue, Wisconsin Rapids, WI 54495
      View Details
    • $399,000
      5,565 SF

      Versatile Commercial Building on 4.46 Acres

      5,565 sq ft commercial building with 3-bedroom apartment.
      7330 Plover Road, Wisconsin Rapids, WI 54494
      View Details
    • $415,000
      3,520 SF

      Established Wisconsin Rapids Bar For Sale

      Turnkey bar with outdoor pavilion and growth potential.
      3140 LAKE AVENUE, Wisconsin Rapids, WI 54494
      View Details
    • $185,000
      2,560 SF

      Hybrid Buildings For Sale

      Modern, low-maintenance 2,560 sq ft hybrid buildings for sale.
      3920 90th Street North, Wisconsin Rapids, WI 54494
      View Details
    • $225,000
      6,800 SF

      Versatile Commercial Building on Highway

      Free-standing commercial building with shop, office, and storage space.
      3019 State Highway 73, Wisconsin Rapids, WI 54495
      View Details
    • $150,000

      Lakefront Double Lot Opportunity

      Double lot on Lake Nepko with 128 ft frontage.
      Lt 3-4 Fly Rod Trl, Wisconsin Rapids, WI 54494
      View Details
    • $64,900

      Commercial Land in Woodland Business Park

      4.35-acre commercial parcel in a thriving business corridor.
      2411 Apple Street, Wisconsin Rapids, WI 54494
      View Details
    • $97,500

      Buildable Wooded Lot on Lake

      Wooded 0.22 acre lot with 67' lake frontage.
      Lot 15 Fly Rod Trail, Wisconsin Rapids, WI 54494
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Wooded waterfront lot with private frontage on Lake Nepco.
    Where is this waterfront land located?
    The property is located at Lot 7 South Shore Drive Wisconsin Rapids, WI.
    What is the asking price?
    The asking price for this property is $137,500.
    What are key features of this property?
    This property features: Prime .65‑acre wooded waterfront lot on Lake Nepco.; Private lake frontage and your own pier.; Full recreational lake ideal for boating, fishing, tubing, and waterskiing.
    (866) 848-6990
    We can help!
    Listing Contact
    Mike Coke
    Real Estate License ID: 5338090
    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 7 South Shore Drive, Wisconsin Rapids, WI 54494
    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!