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    N20490 Town Park Rd Fence, WI 54120

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    Wisconsin RV Park, 112 Sites, High Potential

    Property Features for N20490 Town Park Rd

    General Information

    Property type
    Multifamily properties
    Class
    C
    Lot Size
    1,432,688 SF

    Building Details

    Buildings
    10
    Stories
    1
    Units
    121

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    Listing Contact
    Paul Merk
    Paul Merk

    Listing Agency: Castle Rock Realty LLC Listing Agent: Paul Merk

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional investment opportunity presents a thriving 112-site RV park nestled on 32.89 acres in Fence, Wisconsin. The property includes seven cabins and two rental campers, offering diverse revenue streams. A substantial 10-acre undeveloped portion presents significant expansion potential. The existing infrastructure includes ten buildings, a three-bedroom, two-bathroom home constructed in 2014, and a 30' x 40' pole building. Its prime location adjacent to Lake Hilbert Township Park provides convenient access to park amenities and attracts additional customers to the on-site restaurant and camp store, which boasts impressive ice cream and food sales. The campground's proximity to the county ATV trail further enhances its appeal to outdoor enthusiasts. Currently operating with low seasonal rates of $1,600, this established business offers considerable upside for increased profitability without significant added expenses. The property is zoned commercial and features a total of 121 units. This well-maintained campground presents a compelling investment opportunity with strong potential for growth and return. The asking price is $1,950,000. The property's APN is 012-01167.005.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lake Hilbert Campground Campground & RV Park

    Map

    City
    Fence
    County
    Marinette
    State
    Wisconsin
    Longitude
    -88.397099
    Latitude
    45.706421

    Nearby Similar for Sale

    • $1,950,000
      32.89 Acres

      Lake Hilbert Campground: Prime Investment

      Established Campground, 32 Acres, High Revenue
      N20490 Town Park Rd, Fence, WI 54120
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Wisconsin RV Park, 112 Sites, High Potential
    Where is this multifamily property located?
    The property is located at N20490 Town Park Rd Fence, WI.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: Asking Price: $1,950,000; Property Type: Multifamily RV Park with 121 units (112 pads, 7 cabins, 2 rental campers) on 32.89 acres; Improvements: Includes a 3-bedroom, 2-bathroom home (built 2014) and a 30'x40' pole building.
    (608) 547-4884 Call to check price and availability
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    N20490 Town Park Rd Fence, WI 54120
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    Fence, WI 54120
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    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
    N20490 Town Park Rd Fence, WI 54120
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    Contact for Pricing
    Please call us for current price
    and status of this listing Paul Merk
    Paul Merk
    Real Estate License ID: 53004-90
    (608) 547-4884 (608) 847-6020
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