Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Heavily Wooded Lot on Pardee Lake Title is generated by Realmo AI

    ON PARDEE LAKE RD, Oma, WI 54534

    View on Map
    Claim this Listing
    For Sale
    $278,500

    LAND - Oma, WI

    Lot size:
    3.01 Acres
    Added:
    Jul 3, 2024
    Days on Market:
    701
    Last Refresh:
    Jun 3 at 6:06 am

    Property Features for ON PARDEE LAKE RD

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Driveway
    Exterior features
    GravelDriveway
    Standard status
    Active
    APN
    014-1039-0000
    Lot size
    3.01 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    PT GL 4 R126/628/632 24 44 4E
    Tax Annual Amount
    1852

    Utilities

    Water front features
    Lake Front
    Water front
    1

    We can help!

    Listing Contact
    THOMAS THIESSEN

    Listing agent THOMAS THIESSEN License #57396 - 94

    Listing office CENTURY 21 PIERCE REALTY - MW 5975 County Hwy W PO Box 315, Mercer, WI

    Listing date Jul 3, 2024

    MLS# 207751 Listing URL

    Copyright © 2026 Greater Northwoods MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Lakefront property on 207‑acre Pardee Lake offering great views
    • Excellent fishing for Musky, Panfish, Largemouth Bass, Smallmouth Bass and Walleye
    • Large, heavily wooded lot offering privacy
    • Access to snowmobile and ATV trails
    • Close to ski hills and Manitowish Waters/Boulder Junction/Mercer areas
    • Potential for subdivision (with County approvals)

    Overview

    This is a large, heavily wooded 3.0099-acre lot located on Pardee Lake in Oma, WI. The 207-acre Pardee Lake offers opportunities for fishing, including Musky, Panfish, Largemouth Bass, Smallmouth Bass, and Walleye, as well as pleasure boating. The property provides privacy and features access along W Pardee Lake Road to snowmobile and ATV trails. Ski hills are located just north of the property. Manitowish Waters, Boulder Junction, and Mercer areas, with various summer and winter activities, are a short drive away. The lot could be subdivided for extra room for family or friends by obtaining County approvals.
    Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Oma
    County
    Iron
    State
    Wisconsin
    Longitude
    -89.9368042
    Latitude
    46.2759085

    Nearby Similar for Sale

    • $299,000

      Iconic Highway Commercial Opportunity

      Turn-key restaurant on busy highway with loyal customer base.
      10381 HWY 51, Oma, WI 54534
      View Details
    • $11,900

      Oma, WI Land on Highway

      0.57-acre wooded lot on US Highway 51.
      HWY 51 lot: On, Oma, WI 54534
      View Details
    • $39,000

      Wooded Land Near Long Lake

      5.63 acre wooded parcel near Long Lake in Oma, WI.
      DESPERATION RD lot: On, Oma, WI 54534
      View Details

    FAQs

    What type of property is this?
    Recreation land - Large wooded lot with lake views, fishing, and recreation.
    Where is this recreation land located?
    The property is located at ON PARDEE LAKE RD Oma, WI.
    What is the asking price?
    The asking price for this property is $278,500.
    What are key features of this property?
    This property features: Lakefront property on 207‑acre Pardee Lake offering great views; Excellent fishing for Musky, Panfish, Largemouth Bass, Smallmouth Bass and Walleye; Large, heavily wooded lot offering privacy
    (715) 543-2384
    We can help!
    Listing Contact
    THOMAS THIESSEN
    Real Estate License ID: 57396 - 94
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    ON PARDEE LAKE RD, Oma, WI 54534
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!