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    Wooded Acreage with Recreational Amenities Title is generated by Realmo AI

    N13092 Limberg Lane, Athelstane, WI 54104

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    Claim this Listing
    New
    Pending
    $159,900

    LAND - Silver Cliff T-WI, WI

    Lot size:
    30.00 Acres
    Added:
    May 26, 2026
    Days on Market:
    6
    Last Refresh:
    May 31 at 1:06 pm

    Property Features for N13092 Limberg Lane

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    Lot size
    30.00 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    950

    We can help!

    Listing Contact
    DAWN STRASSER

    Listing agent DAWN STRASSER License #61363-94

    Listing office COLDWELL BANKER REAL ESTATE GROUP N17488 Hwy 141, Pembine, WI

    Listing date May 26, 2026

    MLS# 50208966 Listing URL

    Copyright © 2026 Upper Peninsula Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 30 acres of wooded property ideal for recreation or building
    • Turn‑key recreational property including a 2021 Forest River Salem camper (sleeps 6), ATV, generator, shed, trailer, and furnishings
    • Private and secluded location on a paved, year‑round dead‑end road
    • Driveway installed and electricity available at the road
    • Recently surveyed high ground with abundant wildlife and excellent deer hunting
    • Stunning hardwoods and blackberries throughout the woods

    Overview

    This 30-acre wooded property offers a recreational getaway. It includes a 2021 Forest River Salem 28VBXL camper with bump-out and canopy, accommodating up to 6 people. A 2004 Honda Foreman ES ATV, generator, shed, trailer, and all furnishings inside the camper are also included. The property is located off a paved, year-round dead-end town road, ensuring privacy. A driveway is already installed, and electricity is available at the road. The parcel has been recently surveyed and features high ground with abundant wildlife, excellent deer hunting opportunities, hardwoods, and blackberries. It is suitable for future home or cabin plans.
    Property Profile Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Athelstane
    County
    Marinette
    State
    Wisconsin
    Longitude
    -88.3824552
    Latitude
    45.4414258

    Nearby Similar for Sale

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      Athelstane Wooded Lot with Lake Access

      2.45-acre wooded lot with deeded Rooney Lake access.
      N12655 HEMLOCK SHORES CT, Athelstane, WI 54104
      View Details
    • $69,900

      Athelstane, WI Land For Sale

      2.5 acre partially wooded lot near ATV/UTV trails.
      KOSIR Lane, ATHELSTANE, WI 54104-0000
      View Details

    FAQs

    What type of property is this?
    Recreation land - Turn-key 30-acre recreational property with camper, ATV, and more.
    Where is this recreation land located?
    The property is located at N13092 Limberg Lane Athelstane, WI.
    What is the asking price?
    The asking price for this property is $159,900.
    What are key features of this property?
    This property features: 30 acres of wooded property ideal for recreation or building; **Turn‑key recreational property** including a 2021 Forest River Salem camper (sleeps 6), ATV, generator, shed, trailer, and furnishings; Private and secluded location on a paved, year‑round dead‑end road
    (715) 293-6234
    We can help!
    Listing Contact
    DAWN STRASSER
    Real Estate License ID: 61363-94
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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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