Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    80 Acres in Price County Title is generated by Realmo AI

    Near Wilson Lake Road, Phillips, WI 54555

    View on Map
    Claim this Listing
    For Sale
    $136,800

    LAND - Phillips, WI

    Lot size:
    80.00 Acres
    Added:
    Mar 31, 2026
    Days on Market:
    49
    Last Refresh:
    May 18 at 1:06 pm

    Property Features for Near Wilson Lake Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Wooded
    Standard status
    Active
    APN
    006110307000
    Lot size
    80.00 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    SENW, NESW, Sec. 34, T37N-R1W.
    Tax Annual Amount
    58

    We can help!

    Listing Contact
    Todd Frederickson

    Listing agent Todd Frederickson License #57356-90

    Listing office Steigerwaldt Land Sales, LLC 856 N 4TH ST, Tomahawk, WI

    Listing date Mar 31, 2026

    MLS# 1599330 Listing URL

    Copyright © 2026 REALTORS® Association of Northwestern 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

    • 80‑acre tract adjacent to state land
    • Enrolled in managed forest law program for tax relief
    • Aspen primary cover type
    • Located in the town of Elk, Price County
    • Easement access to the property
    • Adjacent lands available for larger ownership

    Overview

    This 80-acre tract is located in the town of Elk, Price County. The parcel has easement access and is primarily covered with aspen. State land is adjacent to the property. It is enrolled in the managed forest law program for tax relief. An easement crosses the property. Adjacent lands are also available for a larger contiguous ownership.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Phillips
    County
    Price
    State
    Wisconsin
    Longitude
    -90.2959
    Latitude
    45.7439

    Nearby Similar for Sale

    • $549,900
      10,800 SF

      Turn-Key Greenhouse and Floral Shop

      Greenhouse and floral shop on 10 acres for sale.
      N7890 HWY 13, Phillips, WI 54555
      View Details
    • $549,900
      1,080 SF

      Phillips, WI Business Opportunity

      Business opportunity with real estate in Phillips, Wisconsin.
      N7890 STATE HIGHWAY 13, Phillips, WI 54555
      View Details
    • $168,820

      Soo Lake Buildable Land Parcel

      4.38 acre waterfront land parcel on Soo Lake.
      N9078 SOO LAKE RD E, Phillips, WI 54555
      View Details
    • $147,000
      2,700 SF

      Airplane Hangar at Price County Airport

      2700 sq ft airplane hangar with bi-fold door.
      1162 AIRPORT RD S, Phillips, WI 54555
      View Details
    • $303,820

      Waterfront Land on Soo Lake

      8.77 acres with 600 feet of shoreline on Soo Lake.
      ON SOO LAKE RD E, Phillips, WI 54555
      View Details
    • $120,000

      Commercial Land in Phillips, WI

      Two commercial lots totaling 0.34 acres, great business opportunity.
      195 AVON AVE S, Phillips, WI 54555
      View Details
    • $303,820

      Land Available in Phillips, WI

      Residential land for sale in Phillips, Wisconsin.
      On E SOO LAKE ROAD, Phillips, WI 54555
      View Details
    • $168,820

      Soo Lake Buildable Waterfront Land

      4.39 acre waterfront lot on Soo Lake, Phillips, WI.
      ON SOO LAKE RD E, Phillips, WI 54555
      View Details
    • $168,820

      Land Available in Phillips, WI

      4.39 acre land parcel in Phillips, Wisconsin for sale.
      4.39 Ac On E SOO LAKE ROAD, Phillips, WI 54555
      View Details
    • $129,900

      Recreational Land with Mature Hardwoods

      40-acre recreational property with mature hardwoods and established food plots.
      W9793 Dankes Road, Phillips, WI 54843
      View Details
    • $168,820

      Land For Sale Phillips, WI

      Land with septic and well, condition unknown, near Soo Lake.
      N9078 E SOO LAKE ROAD, Phillips, WI 54555
      View Details
    • $375,000

      Commercial Property in Phillips, WI

      Commercial property with two units and high visibility corner lot.
      204 AVON AVE S, Phillips, WI 54555
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 80-acre tract with easement access near Wilson Lake Road.
    Where is this agricultural land / farmland located?
    The property is located at Near Wilson Lake Road Phillips, WI.
    What is the asking price?
    The asking price for this property is $136,800.
    What are key features of this property?
    This property features: 80‑acre tract adjacent to state land; Enrolled in managed forest law program for tax relief; Aspen primary cover type
    (715) 453-3274
    We can help!
    Listing Contact
    Todd Frederickson
    Real Estate License ID: 57356-90
    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
    Near Wilson Lake Road, Phillips, WI 54555
    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!