Building Details

Year Built 1970

Year Renovated 2023

Buildings 2

Stories 2

Units 4

Listing Agency: Realty Executives Arizona Territory

Listed By: Christopher Adams · License #SA672809000 Show Phone

Source: Crexi

Added: Aug 21 Changed: Oct 5 Last Checked: Oct 16 at 7:24AM

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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 Realty Executives Arizona Territory

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Investment Insights

Based on property information with market context.

This 3,700-square-foot vacation rental property includes a three-bedroom house, a three-bedroom primary cabin, and two two-bedroom cabins. Each lodging unit has its own living area and kitchen, while propane heating supports potential year-round operations. The property also includes three RV sites with 50-amp power, water, and buried septic holding tanks.

Set on 1.25 acres, the improvements include lake docks, a full-size two-car garage, an ATV garage, two sheds, and a lake deck and boardwalk. Cabin renovations completed over the last 4 years include windows, a metal roof, and a new 5,000-gallon septic tank. Furniture, linens, supplies, booking technology, websites, and related business accounts convey with the sale.

Key Highlights

• 1.25‑acre property with lake docks and a deck and boardwalk on the lake
• 3,700 SF of improvements with four lodging units
• Three RV sites with 50‑amp power, water, and buried septic holding tanks

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$27,143

Cap Rate

4.34%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$542,860 $542.9K

Cap Rate 7%

$387,757 $387.8K

Cap Rate 9%

$301,589 $301.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,700 SF

Gross rent

$51.9K $14.04/SF

− Vacancy

−$2.6K −$0.70/SF

EGI

$49.4K $13.34/SF

− OpEx

−$22.2K −$6.00/SF

NOI

$27.1K $7.34/SF

Area

Douglas County, WI

Vacancy

5.00%

Lease Rate

$14.04 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$542,860

Cap Rate 7%

$387,757

Cap Rate 9%

$301,589

Alternative Uses

Best Use

Apartment 5plus

$387.8K

$339.3K – $452.4K (±1% cap)

NOI $27,143 @ 7.0% cap · market cap 4.34%

Second Best

Hotel Hospitality

$322.0K

$281.8K – $375.7K (±1% cap)

NOI $22,540 @ 7.0% cap · market cap 3.61%

Theoretical Best

Specialty Retail

$1.17M

$1.02M – $1.36M (±1% cap)

NOI $81,661 @ 7.0% cap · market cap 13.07%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Wedge's Hideaway Resort Hotel & Motel

Suggested Use

Top Pick HVAC Service Bar & Pub Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4

Residential units

Turnkey business

Opportunity

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

Explore this area Business Placement

Demographics for 54838, WI

1,481

Population

1,685

Households

0.9

Avg Household Size

59

Median Age

29%

College-Educated

95%

High-School Grad

241.0 sq mi

ZIP Area

6

Density / Sq Mi

$75,000

Median Household Income

$39,554

Median Earnings

$917

Median Rent

$235,700

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Short term rental property - Four furnished lodging units, RV sites, outbuildings, and operating rental infrastructure create a complete hospitality property.

Where is this short term rental property located?

The property is located at 8372 East Flowage Lane Gordon, WI.

What is the asking price?

The asking price for this property is $625,000.

What are key features of this property?

This property features: 1.25‑acre property with lake docks and a deck and boardwalk on the lake; 3,700 SF of improvements with four lodging units; Three RV sites with 50‑amp power, water, and buried septic holding tanks