Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Muskellunge Lake Waterfront Land Title is generated by Realmo AI

    W5319 STONEWOOD RD, Tomahawk, WI 54487

    View on Map
    Claim this Listing
    New
    For Sale
    $162,000

    LAND - Tomahawk, WI

    Lot size:
    0.79 Acres
    Added:
    May 24, 2026
    Days on Market:
    4
    Last Refresh:
    May 27 at 1:06 am

    Property Features for W5319 STONEWOOD RD

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Driveway
    Exterior features
    Dock
    Standard status
    Active
    APN
    004-3506-111-9961
    Lot size
    0.79 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    PRT OF GL 3 CM AT NE CR SEC 11 - S 01? 01' 06"" E 459.31' TH S 64?53'4"" W 328.65' TH S81?30'53""W 100.85' POB TH S 81?30'53""W 100.85' TH S 01?1'06""E 217.87' N81?15'08"" E ALG LK SHR 100.92' N01?01'06"" W 217.41' POB AKA PCL V449
    Tax Annual Amount
    1203

    Utilities

    Water source
    Well
    Water front features
    Lake Front
    Water front
    1

    We can help!

    Listing Contact
    RENEE & CHAD RASMUSSEN TEAM
    RENEE & CHAD RASMUSSEN TEAM

    Listing agent RENEE & CHAD RASMUSSEN TEAM

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

    Listing date May 24, 2026

    MLS# 217344 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

    • Sandy beach area and sandy swimming frontage on Muskellunge Lake.
    • Cleared driveway and spacious building site ready for construction.
    • Newer maintenance‑free aluminum‑composite pier/dock included.
    • Muskellunge Lake is a 160‑acre recreational lake known for excellent fishing.
    • Gradual to moderate approach to the lake with rustic log steps.
    • Private setting with mature Northwoods hardwoods and pines.

    Overview

    This 0.79-acre waterfront land parcel is located on Muskellunge Lake in Tomahawk, Wisconsin. The property, situated beneath mature Northwoods hardwoods and pines, features a cleared driveway and a spacious building site. The approach to the lake is gradual to moderate, with rustic log steps leading to an expansive level shoreline. The shoreline includes a sandy beach area and sandy swimming frontage, complemented by a newer maintenance-free aluminum-composite pier. The lakeside area offers space for entertaining and relaxing. Muskellunge Lake is a 160-acre recreational lake with depths reaching approximately 26 feet and is known for fishing opportunities including musky, walleye, largemouth bass, northern pike, and panfish. This property is suitable for a seasonal getaway or a year-round home, offering privacy, natural beauty, and a waterfront lifestyle.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Big Box & Wholesale Store Hotel & Motel Kitchen & Bath Showroom Furniture & Home Goods Grocery & Convenience Store Bar & Pub Parking Lot & Garage

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

    Location Insight

    • Map
    • Local Demand
    City
    Tomahawk
    County
    Lincoln
    State
    Wisconsin
    Longitude
    -89.6946575
    Latitude
    45.5377233

    Nearby Similar for Sale

    • $599,900

      Tomahawk Commercial Property For Sale

      Commercial property on high-traffic street, ideal for investors/business owners.
      1515 4TH ST N, Tomahawk, WI 54487
      View Details
    • $479,900

      Tomahawk Retail Opportunity on 4th

      1,712 sq. ft. retail space on 9.8 acres.
      1208 4TH ST N, Tomahawk, WI 54487
      View Details
    • $29,900

      Tomahawk, WI City Building Lot

      Premier city lot in Kings Hill Estates, Tomahawk, WI.
      1616 PINE VIEW LN, Tomahawk, WI 54487
      View Details
    • $299,950

      Historic Roadhouse with Acreage

      Historic Wisconsin roadhouse on 1+ acre near recreational activities.
      N11050 CTH A, Tomahawk, WI 54487
      View Details
    • $89,900

      Tomahawk Commercial Building Parcel

      Commercial land in Tomahawk's growing business district.
      8.94 acr 4TH ST N, Tomahawk, WI 54487
      View Details
    • $950,000
      2,800 SF

      Tomahawk Storage and Wrapping Facility

      New mini storage and boat wrapping facility near Lake Nokomis.
      2292 County Highway Y, Tomahawk, WI 54487
      View Details
    • $69,900

      Nokomis, WI Vacant Wooded Land

      Secluded 10-acre wooded property near Tomahawk River and Lake Nokomis.
      1 Prarie Lake Rd, Nokomis, WI 54487
      View Details
    • $77,900

      Recreational Land Near Tomahawk River

      10 acres near recreation, lakes, and state forest.
      Lot 3 Prairie Lake Road, Tomahawk, WI 54487
      View Details
    • $69,900

      Tomahawk, WI - Buildable 10 Acres

      Buildable 10-acre wooded parcel near Tomahawk, Wisconsin.
      101 Prairie Lake Road, Tomahawk, WI 54487
      View Details
    • $82,900

      Tomahawk, WI Vacant Land Parcel

      Buildable 10-acre parcel adjoining State Land near Lake Nokomis.
      4 Prairie Lake Road, Tomahawk, WI 54487
      View Details
    • $100,000

      Wooded Land Near Jersey Flowage

      Double lot with 200' frontage on Jersey Flowage.
      WOODLAND DR lot: 7-8, Tomahawk, WI 54487
      View Details
    • $389,900

      7-Acre Island on Lake Nokomis

      Private island on Lake Nokomis Chain near Tomahawk, Wisconsin.
      7 acres NOKOMIS DR, Tomahawk, WI 54487
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Waterfront land on Muskellunge Lake, Tomahawk, Wisconsin.
    Where is this waterfront land located?
    The property is located at W5319 STONEWOOD RD Tomahawk, WI.
    What is the asking price?
    The asking price for this property is $162,000.
    What are key features of this property?
    This property features: Sandy beach area and sandy swimming frontage on Muskellunge Lake.; Cleared driveway and spacious building site ready for construction.; Newer maintenance‑free aluminum‑composite pier/dock included.
    (715) 614-3325
    We can help!
    Listing Contact
    RENEE & CHAD RASMUSSEN TEAM
    RENEE & CHAD RASMUSSEN TEAM
    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
    W5319 STONEWOOD RD, Tomahawk, WI 54487
    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!