Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Commercial Land in Prime Location Title is generated by Realmo AI

    STEVENS ST N lot #1, Rhinelander, WI 54501

    View on Map
    Claim this Listing
    For Sale
    $95,000

    COMMERCIAL - Rhinelander, WI

    Lot size:
    0.55 Acres
    Added:
    Jun 13, 2025
    Days on Market:
    340
    Last Refresh:
    May 18 at 10:06 am

    Property Features for STEVENS ST N lot #1

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Driveway
    Standard status
    Active
    APN
    27601-9332-0119
    Lot size
    0.55 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    PT NE NELOT 1 CSM V5 P1430 (LC DOCS 823308 & 823309)
    Tax Annual Amount
    2687

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    PAT VAN HEFTY

    Listing agent PAT VAN HEFTY License #49511 - 90

    Listing office REDMAN REALTY GROUP, LLC 231 Oneida St PO Box 1287, Minocqua, WI

    Listing date Jun 13, 2025

    MLS# 212657 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

    • Prime location on a busy city street with excellent visibility and high traffic flow.
    • Ideal for commercial development, offering an open slate opportunity.
    • City sewer, water, and high‑speed internet are all available.
    • Blacktop already in place, suitable as a foundation or parking.
    • Strategically located between two established businesses.
    • Opens to a wooded area, offering potential for backyard privacy or ambiance.

    Overview

    This vacant lot, situated in a prime location, presents an open slate opportunity for commercial development. Strategically located between two established businesses on a busy city street, the property affords excellent visibility and high traffic flow. The lot features existing blacktop, which could serve as a foundation or parking. The property extends to a wooded area, offering potential backyard privacy or ambiance. City sewer, water, and high-speed internet are all available at this location. The lot size is 0.554 acres and is located in Rhinelander, WI.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Rhinelander
    County
    Oneida
    State
    Wisconsin
    Longitude
    -89.410903
    Latitude
    45.638288

    Nearby Similar for Sale

    • $449,900
      5,800 SF

      Mixed-Use Building in Rhinelander, WI

      Multi-use commercial/residential building with retail, office, and apartments.
      400-406 PELHAM ST S, Rhinelander, WI 54501
      View Details
    • $390,000

      Downtown Rhinelander Commercial Building

      Commercial building in Rhinelander's Downtown District with over 7,000 sq. ft.
      33 KING ST W, Rhinelander, WI 54501
      View Details
    • $239,500

      Rhinelander Buildable Land Parcels

      Two adjoining parcels totaling 7.27 acres, ready for development.
      Lot 8 & 9 Taylor Drive, Rhinelander, WI 54501
      View Details
    • $549,900
      9,130 SF

      Multi-Use Property in Rhinelander, WI

      Multi-use property with apartments, retail, and office spaces.
      400-416 PELHAM ST S, Rhinelander, WI 54501
      View Details
    • $159,900
      2,000 SF

      Rhinelander Three-Unit Office Building

      Three-unit office building in Rhinelander with high traffic counts.
      416 PELHAM ST S, Rhinelander, WI 54501
      View Details
    • $245,000

      Rhinelander Wooded Land with Shop

      2.8-acre wooded property with a new 40x60 shop.
      4863 HILLTOP RD, Rhinelander, WI 54501
      View Details
    • $399,900

      Turnkey Restaurant and Bar Opportunity

      Restaurant/bar with updated interior, outdoor entertainment spaces near Rhinelander.
      6776 CTH K, Rhinelander, WI 54501
      View Details
    • $34,000

      Rhinelander Land For Sale

      Highly visible 0.35-acre parcel with multiple use potential.
      5728 HWY 8, Rhinelander, WI 54501
      View Details
    • $169,000

      Commercial Land in Rhinelander, WI

      0.66 acres in a commercially developed area.
      ON SPRING RD, Rhinelander, WI 54548
      View Details
    • $169,900

      Rhinelander Waterfront Land for Sale

      2.4 acre waterfront lot on Second Lake, Moen Chain.
      3633 KUCZMARSKI DR, Rhinelander, WI 54501
      View Details
    • $22,900

      Rhinelander City Lot For Sale

      1.6 acre city lot in Westhill Estates III subdivision.
      1640 BALSAM ST, Rhinelander, WI 54501
      View Details
    • $457,380

      Commercial Lot in Growing District

      City lot in Rhinelander's growing business district.
      NAVAJO ST lot: 1, Rhinelander, WI 54501
      View Details

    FAQs

    What type of property is this?
    Commercial land - Vacant lot for commercial development with high visibility.
    Where is this commercial land located?
    The property is located at STEVENS ST N lot #1 Rhinelander, WI.
    What is the asking price?
    The asking price for this property is $95,000.
    What are key features of this property?
    This property features: Prime location on a busy city street with excellent visibility and high traffic flow.; Ideal for commercial development, offering an open slate opportunity.; City sewer, water, and high‑speed internet are all available.
    (715) 892-0298
    We can help!
    Listing Contact
    PAT VAN HEFTY
    Real Estate License ID: 49511 - 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
    STEVENS ST N lot: #1, Rhinelander, WI 54501
    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!