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    Waterfront Farm & Retreat Title is generated by Realmo AI

    W6098 STELLING RD E, Tomahawk, WI 54487

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    Claim this Listing
    New
    For Sale
    $500,000

    COMMERCIAL - Tomahawk, WI

    Lot size:
    30.48 Acres
    Added:
    Jun 1, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 3 at 2:06 pm

    Property Features for W6098 STELLING RD E

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bedrooms
    2
    Bathrooms
    1
    Rooms
    Bedroom 1, Bedroom 2, Bathroom 1
    Parking features
    Driveway, Garage
    Exterior features
    SprinklerIrrigation, Fence
    Fencing
    Fenced
    Standard status
    Active
    APN
    004-3406-152-9997 & 9985
    Lot size
    30.48 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    SEC 15-34-06 SW 1/4 NW 1/4 EX E 150' THRF AND EX V380 P374 LCR *BY-15-7A
    Tax Annual Amount
    1434

    Utilities

    Heating system
    Radiant, Electric (Heating)
    Water source
    Well
    Water front features
    River Front
    Water front
    1

    Building Details

    Year built
    1940
    Floors in Building
    1
    Flooring type
    Vinyl, Wood
    Building materials
    Frame, MetalSiding, ShingleSiding, WoodSiding
    Roof type
    Composition, Shingle

    We can help!

    Listing Contact
    JACKIE LEONHARD TEAM

    Listing agent JACKIE LEONHARD TEAM License #55186 - 90

    Listing office NORTHWOODS COMMUNITY REALTY, LLC 101 W Mohawk Drive, Tomahawk, WI

    Listing date Jun 1, 2026

    MLS# 217546

    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

    • 33‑acre Northwoods property with over 400 ft of river frontage on the Spirit River (flows into the Wisconsin River).
    • Remodeled 2‑bedroom, 1‑bath farmhouse (year built 1940) with an updated kitchen and pantry.
    • Large fenced garden areas plus irrigation equipment, including expansive lavender plants and fruit trees.
    • Outdoor trail system with walking trails and wildflower areas across open fields and wooded acreage.
    • Well water source, radiant electric heating, and composition shingle roof.
    • On‑site storage buildings, fencing, driveway parking, and a garage.

    Overview

    Tranquil Acres is a distinctive Northwoods retreat offering extensive fenced gardens and established horticulture, anchored by a remodeled farmhouse. The grounds feature over 400 feet of frontage on the Spirit River, with the river flowing directly into the Wisconsin River. The property also includes open fields and wooded acreage, walking trails, wildflower areas, and fruit trees, plus irrigation equipment and storage buildings that support hobby farming and gardening. Established plantings include more than 2,000 lavender plants. The home has been remodeled and offers 2 bedrooms and 1 bath, with an updated kitchen including a pantry, bright living spaces filled with natural light, and large windows that look out over the gardens and countryside. Patio doors lead to an outdoor patio for quiet morning or evening use.

    Set at W6098 STELLING RD E in Tomahawk, WI (Lincoln County), the property is known locally as Tranquil Acres and has been used as a destination for visitors. Its trail system and river setting create a natural backdrop for recreation, wildlife viewing, and time on the water, including fishing and kayaking.

    This layout is well-suited for buyers seeking a year-round homestead, hobby farm, or private retreat with room for continued agricultural use. With infrastructure already in place for gardening and agritourism, the property also fits operators looking to create an experience centered on trails, gardens, and waterfront access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Tranquil Acres Food Processing Plant

    Map

    City
    Tomahawk
    County
    Lincoln
    State
    Wisconsin
    Longitude
    -89.7312802
    Latitude
    45.4337785

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    FAQs

    What type of property is this?
    Farm - A Northwoods waterfront property with fenced gardens, lavender fields, and a remodeled two-bedroom farmhouse.
    Where is this farm located?
    The property is located at W6098 STELLING RD E Tomahawk, WI.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: 33‑acre Northwoods property with over 400 ft of river frontage on the Spirit River (flows into the Wisconsin River).; Remodeled 2‑bedroom, 1‑bath farmhouse (year built 1940) with an updated kitchen and pantry.; Large fenced garden areas plus irrigation equipment, including expansive lavender plants and fruit trees.
    (715) 612-2673
    We can help!
    Listing Contact
    JACKIE LEONHARD TEAM
    Real Estate License ID: 55186 - 90
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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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