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    26064 County Highway M Holcombe, WI 54745

    Sponsored
    For Sale
    $6,499,000

    Prime lakefront commercial property with high potential.

    Property size:
    3,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    406
    Exceptional investment opportunity awaits with this expansive 3,200 square foot commercial land parcel situated on the picturesque shores of Lake Holcombe in Holcombe, Wisconsin (zip code 54745). Boasting over 2200 feet of low-bank lake frontage on the south shore, this property presents a unique blend of recreational and commercial possibilities. Currently operating as a thriving bar, restaurant, and campground, the established business includes 77 campsites for RVs and park model RVs, eight cabins, a waterfront gas station, a boat landing, and docks for guests and campers. Four additional outbuildings offer versatile storage space, ripe for expansion or adaptation to suit a variety of business ventures. The asking price is $6,499,000. This turnkey operation presents a rare chance to acquire a well-established and profitable business with significant potential for growth and development in a highly desirable lakeside location. Further details are available at www.tedstimberlodge.com (Note: this website is for informational purposes only and is not affiliated with this listing).

    Property Features for 26064 County Highway M

    General Information

    Property type
    Land
    Square Feet
    3,200 SF

    We can help!

    Listing Contact
    Shelley Finnessy
    Shelley Finnessy

    Learn more

    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Wholesale Shop Auto Repair Shop Auto Parts Store Hotel & Motel Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Holcombe
    County
    CHIPPEWA
    State
    Wisconsin
    Longitude
    -91.149677
    Latitude
    45.2348826

    Nearby Comparable

    • $599,900
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      Legendary Bar and Grill

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      Holcombe Commercial Hemp/THC Opportunity

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      28313 275Th Ave, Holcombe, WI 54745
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    • $49,900
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      Scenic Land Near Lake Holcombe

      1.6-acre recreational land near Lake Holcombe with mature timber.
      27735 295Th Ave, Holcombe, WI 54745
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    • $224,900
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      Versatile Duplex on Large Lot

      Duplex or single-family home on the edge of town.
      816 N 8Th St, Cornell, WI 54732
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    Nearby Similar for Sale

    • $599,900
      4,202 SF

      Legendary Bar and Grill

      Profitable bar and grill with bait shop in Holcombe, WI.
      26490 State Highway 27, Holcombe, WI 54745
      View Details
    • $999,999
      25,000 SF

      Holcombe Commercial Hemp/THC Opportunity

      Sophisticated greenhouse operation for hemp or THC production in Holcombe, WI.
      28313 275Th Ave, Holcombe, WI 54745
      View Details
    • $920,000
      9.42 Acres

      Holcombe Campground on Chippewa River

      Established campground with river frontage near Lake Holcombe.
      W10765 County Road D, Holcombe, WI 54745
      View Details

    FAQs

    What type of property is this?
    Land - Prime lakefront commercial property with high potential.
    Where is this land located?
    The property is located at 26064 County Highway M Holcombe, WI.
    What is the asking price?
    The asking price for this property is $6,499,000.
    (715) 829-5230
    Request Owner's contact information
    26064 County Highway M Holcombe, WI 54745
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    Holcombe, WI 54745
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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
    26064 County Highway M Holcombe, WI 54745
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    We can help!
    Listing Contact
    Shelley Finnessy
    Shelley Finnessy
    Real Estate License ID: WI
    (715) 829-5230
    Learn more
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