Farm Property With Remodeled
For Sale
$600,000
Pending
W9747 Cedar Rd, Fremont, WI 54940
Remodeled two-unit residence with extensive agricultural improvements, accessory buildings, private well, and conventional septic system.
Property Size2,516 SF
Days on Market87
Property Features for W9747 Cedar Rd
General Information
Standard status
Pending
Size
2,516 SF
Property subtype
Farm/Estate
Amenities
Lot Size Acres: 18.57
Sewer Type: Private Septic
Total Taxes: $2,246, Tax Year: 2025, Percentage of Tax that is Deductable: 0
Garage Type: Detached, 2 Garage Spaces
Sale, Sale Type: Foreclosure
Driveway
School District: New London School District
Basement Type: Partial
4 Bedrooms
Residential Style: 2600, 2 Stories, Built in 1900
Property Township: Dale
Above Area Square Feet: 2516, Equestrian Property
2 Full Baths
Water Source: Private Well
Barn, Workshop, Shed, General Outbuilding
Construction Type: Frame
Building Details
Year Built
1900
Listing Agency:
Nolan Sales LLC
(715) 754-5221
Listed By:
Gerald Nolan
(800) 472-0290
Source:
Doyle-realty
Added: Jul 29
Changed: Oct 21
Last Checked: Oct 20 at 9:24PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Nolan Sales LLC
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Investment Insights
Based on property information with market context.
This 18.5-acre farm property includes a remodeled duplex with 2,516 square feet of living area. Each unit offers two bedrooms and a full bathroom; the upper unit also includes a kitchen, living room, and laundry room, while the main-level unit provides a remodeled kitchen, dining room, living room, and laundry room. The residence has a 3/4 basement with crawl space and gas forced-air heat.
Agricultural improvements include a 60'x105' steel machine shed, 22'x43' wood machine shed, 22'x36' two-story granary, and 40'x130' barn. A detached 24'x24' two-car garage is also included. The property has a drilled well and conventional septic system. Of the total acreage, 15.78 acres are identified as agricultural land, with the remainder consisting of pasture and the building site.
Agricultural improvements include a 60'x105' steel machine shed, 22'x43' wood machine shed, 22'x36' two-story granary, and 40'x130' barn. A detached 24'x24' two-car garage is also included. The property has a drilled well and conventional septic system. Of the total acreage, 15.78 acres are identified as agricultural land, with the remainder consisting of pasture and the building site.
Key Highlights
- 18.5‑acre farm property with a remodeled duplex
- Duplex contains two 2‑bedroom, 1‑bath units
- 15.78 acres identified as agricultural land
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,797
Cap Rate
2.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$335,940
$335.9K
Cap Rate 7%
$239,957
$240.0K
Cap Rate 9%
$186,633
$186.6K
Market Conditions
NOI Build-Up for 2,516 SF
Gross rent
$25.7K $10.20/SF
− Vacancy
−$1.7K −$0.66/SF
EGI
$24.0K $9.54/SF
− OpEx
−$7.2K −$2.86/SF
NOI
$16.8K $6.68/SF
Area
Waupaca County, WI
Vacancy
6.50%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$335,940
Cap Rate 7%
$239,957
Cap Rate 9%
$186,633
Alternative Uses
Best Use
Multifamily LT 5
$240.0K
$210.0K – $280.0K
NOI $16,797 @ 7.0% cap · market cap 2.80%
Second Best
Apartment 5plus
$224.2K
$196.2K – $261.5K
NOI $15,692 @ 7.0% cap · market cap 2.62%
Theoretical Best
Office A
$471.3K
$412.4K – $549.8K
NOI $32,989 @ 7.0% cap · market cap 5.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Explore this area
Business Placement
Demographics for 54940, WI
4,219
Population
2,142
Households
2
Avg Household Size
50
Median Age
26%
College-Educated
95%
High-School Grad
90.5 sq mi
ZIP Area
47
Density / Sq Mi
$87,900
Median Household Income
$50,699
Median Earnings
$980
Median Rent
$286,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Farm - Remodeled two-unit residence with extensive agricultural improvements, accessory buildings, private well, and conventional septic system.
Where is this farm located?
The property is located at W9747 Cedar Rd Fremont, WI.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 18.5‑acre farm property with a remodeled duplex; Duplex contains two 2‑bedroom, 1‑bath units; 15.78 acres identified as agricultural land
