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    Turn-Key RV Park and Bar Title is generated by Realmo AI

    N1130 5th Road, Coloma, WI 54930

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    For Sale
    $1,499,000

    Campground,Other,Recreation,Restaurant/Supper Club - Coloma, WI

    Added:
    Apr 21, 2026
    Days on Market:
    44
    Last Refresh:
    Jun 3 at 9:06 pm

    Property Features for N1130 5th Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Interior features
    Private Restrooms
    Standard status
    Active
    APN
    006023230121

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    6642

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1980
    Roof type
    Other
    Architectural style
    Other

    We can help!

    Listing Contact
    Melissa Roth

    Listing agent Melissa Roth

    Listing office Better Homes and Gardens Real Estate Special Properties PO Box 637, Green Lake, WI

    Listing date Apr 21, 2026

    MLS# 2020113 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 RV park with 76 sites, including 59 seasonal/permanent spots for consistent income.
    • Year‑round appeal due to location adjacent to popular snowmobile trails.
    • On‑site bar and grill provides additional revenue and a welcoming guest hub.
    • Includes a 3‑bedroom, 1‑bath home for owner occupancy or on‑site management.
    • Recent improvements, including a new water heater and updated electrical.
    • Pool (scheduled for fresh paint) enhances the guest experience.

    Overview

    This turn-key investment features a well-established RV park offering 76 total sites, including 59 seasonal/permanent spots designed to provide consistent income. The property also includes a bar and grill, creating an additional revenue stream and a central gathering place for guests. A pool is included, and recent updates include fresh paint to enhance the guest experience. Operational confidence is supported by improvements such as a new water heater and updated electrical.

    The property is positioned adjacent to popular snowmobile trails, supporting year-round appeal and attracting outdoor enthusiasts across seasons. In addition to the campground amenities, the offering includes a 3-bedroom, 1-bath home on-site, which can be used for owner occupancy or for on-site management.

    For investors or operators seeking a fully operational hospitality asset with multiple income sources, this property provides a straightforward path to take over and continue generating revenue. The mix of seasonal/permanent RV placements, guest services, and on-site living space makes it well suited for an owner-operator model or a management-forward investment strategy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Campgrounds

    Suggested Use

    Auto Repair Shop Storage Facility Pet Store Pet Store & Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Coloma
    County
    Waushara
    State
    Wisconsin
    Longitude
    -89.520102
    Latitude
    44.019413

    FAQs

    What type of property is this?
    Campground - Well-established RV park with 76 sites, a bar and grill, and on-site home support year-round guest operations.
    Where is this campground located?
    The property is located at N1130 5th Road Coloma, WI.
    What is the asking price?
    The asking price for this property is $1,499,000.
    What are key features of this property?
    This property features: Turn‑key RV park with 76 sites, including **59 seasonal/permanent spots for consistent income.**; Year‑round appeal due to location adjacent to popular snowmobile trails.; On‑site bar and grill provides additional revenue and a welcoming guest hub.
    (920) 229-4206
    We can help!
    Listing Contact
    Melissa Roth
    Request Owner's contact information
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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.

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