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    Waterfront Lot Ready to Build Title is generated by Realmo AI

    N900 Resewood Avenue, Neillsville, WI 54456

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    For Sale
    $459,000

    Waterfront lot with lake access, utilities, and recreational potential.

    Type:Land / Mixed Use
    Added:
    Nov 13, 2025
    Days on Market:
    199
    Last Refresh:
    May 19 at 9:38 pm

    Property Features for N900 Resewood Avenue

    General Information

    Standard status
    Active
    Property subtype
    Land / Mixed Use

    We can help!

    Listing Contact
    Sheila Johnson

    Listing agent Sheila Johnson License #92463-94

    Listing office Homestead Realty

    Listing date Nov 13, 2025

    Source Compass

    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 Homestead Realty

    HighLights

    • Ready‑to‑build waterfront lot with immediate recreational use, featuring RV sites with full hookups.
    • Enjoy full lake access to the 850‑acre recreational Lake Arbutus.
    • Essential infrastructure already in place: drilled well, electric service, and above‑ground septic system.
    • Site is optimally prepared: cleared of trees with breaker rock and gravel driveway installed.
    • Opportunity to purchase adjacent waterfront lot or home for expansion.
    • Close to ATV trails, hiking areas, and local amenities like a Tiki Bar and coffee shop.

    Overview

    This waterfront lot offers immediate use and exceptional potential for a future home or getaway on the cusp of the Black River and Lake Arbutus. Located on the banks of Lake Arbutus, an 850-acre recreational lake, this lot provides full lake access. It comes prepped with improvements, including a drilled well, established electric service on-site, and an above-ground septic system. The site has been thoughtfully cleared of trees, and breaker rock and gravel have been installed for the expansive driveway. The property boasts immediate recreational use with personal RV sites, each equipped with full hookups including water, septic, and 50-amp electric pedestals, exclusively for private use. This location offers scenic views and recreational opportunities, including lake access for boating, kayaking, and fishing. There are miles of nearby ATV trails and hiking areas. A protected trout stream meanders down the property line. There are options to buy an adjacent 1.19-acre waterfront lot with electric on-site and combine for a total of 2.57 acres, and an adjacent waterfront home on 2.14 acres which features recent upgrades. This lot is suited for immediate building or RV use.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Building Supply Bar & Pub (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Neillsville
    County
    Clark
    State
    Wisconsin
    Longitude
    -90.6777891
    Latitude
    44.4545755

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    FAQs

    What type of property is this?
    Waterfront Land - Waterfront lot with lake access, utilities, and recreational potential.
    Where is this waterfront land located?
    The property is located at N900 Resewood Avenue Neillsville, WI.
    What is the asking price?
    The asking price for this property is $459,000.
    What are key features of this property?
    This property features: Ready‑to‑build waterfront lot with immediate recreational use, featuring RV sites with full hookups.; Enjoy full lake access to the 850‑acre recreational Lake Arbutus.; Essential infrastructure already in place: drilled well, electric service, and above‑ground septic system.
    (715) 896-8042
    We can help!
    Listing Contact
    Sheila Johnson
    Real Estate License ID: 92463-94
    Learn More
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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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