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    & STH 42 Parcels #1 Thru #6 Sandy Bay Rd Two Rivers, WI 54241
    Property profile & analytics

    & STH 42 Parcels #1 Thru #6 Sandy Bay Rd, Two Rivers, WI 54241

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    • Land
    • 69.29 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for & STH 42 Parcels #1 Thru #6 Sandy Bay Rd

    Lot size
    69.29 lot acres
    Property type
    Land

    Description

    Exceptional opportunity to acquire 67.38 acres of prime developable land in Two Rivers, Wisconsin. This expansive property, comprised of six contiguous parcels, presents significant potential for residential development. Two of the largest tracts, measuring 29.03 and 26.65 acres respectively, offer direct access from Sandy Bay Road. The remaining four parcels, smaller in size, are conveniently accessible from Lincoln Avenue and Pierce Court, all within the city limits of Two Rivers. The property's strategic location offers both developable and recreational possibilities. The Rawley Point Nature Trail borders the two largest parcels, and the Point Beach State Forest lies directly across the road, providing a picturesque natural setting. This rare offering is zoned residential and presents a unique chance to create a thriving residential community or capitalize on the recreational appeal of its proximity to natural amenities. The asking price is $579,900. The property is located at Parcels #1 thru #6 Sandy Bay Rd & STH 42, Two Rivers, WI 54241, in Manitowoc County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Two Rivers
    County
    Manitowoc
    State
    Wisconsin
    Longitude
    -87.55
    Latitude
    44.1616

    Comparable in this City

    • Value Estimation by Request
      67.38 Acres

      6 Sandy Bay Rd

      Land
      6 Sandy Bay Rd, Two Rivers, WI 54241
      View Details
    • Value Estimation by Request
      5,866 SF

      1110 Victory St

      APARTMENT HOUSE (5+ UNITS)
      1110 Victory St, Two Rivers, WI 54241-3429
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    • Value Estimation by Request
      4,980 SF

      1411 Washington St

      APARTMENT HOUSE (UNDER 5 UNITS)
      1411 Washington St, Two Rivers, WI 54241-3042
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    • Value Estimation by Request
      25,704 SF

      1808 19th St

      APARTMENT HOUSE (5+ UNITS)
      1808 19th St, Two Rivers, WI 54241-2504
      View Details
    • Value Estimation
      $2,155,000
      37,703 SF

      2602 Frst Ave

      APARTMENT HOUSE (5+ UNITS)
      2602 Frst Ave, Two Rivers, WI 54241-1964
      View Details
    • Value Estimation by Request
      5,136 SF

      3714 Pkwy Blvd

      APARTMENT HOUSE (UNDER 5 UNITS)
      3714 Pkwy Blvd, Two Rivers, WI 54241-1361
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      63.99 Acres Developable Land Parcels

      63.99 acres of land near Point Beach State Forest.
      CTH O Parcels #1 Thru #3 Sandy Bay Rd, Two Rivers, WI 54241
      View Details
    • New
      $175,000
      2,040 SF

      Well-Maintained Duplex in Two Rivers

      Duplex with rental potential and value-add opportunity in Wisconsin.
      2010 Lincoln St, Two Rivers, WI 54241
      View Details
    • $579,900
      54.86 Acres

      Two Rivers Developable Acreage

      54.86 acres in Two Rivers, WI, for development/recreation.
      Pcl1-3 Sandy Bay Rd, Two Rivers, WI 54241
      View Details
    • $550,000
      2.05 Acres

      Two Rivers Vacant Land Opportunity

      2-acre vacant lot in Two Rivers, Wisconsin.
      3612 Bellevue Pl, Two Rivers, WI 54241
      View Details
    • New
      $262,775
      24.69 Acres

      Buildable Rural Residential Farmland

      Two contiguous parcels of zoned rural residential land offering potential for a build site or continued tillable use.
      4955 County Hwy, Two Rivers, WI 54241
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    • $595,000
      50,800 SF

      Multi-Level Retail Building in Two Rivers

      Substantial retail building in downtown Two Rivers, TIF eligible.
      1816 Washington St, Two Rivers, WI 54241
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,053 SF

      Prime Two Rivers Retail Space

      High-visibility retail space, ample parking.
      1803 Washington St, Two Rivers, WI 54241
      View Details
    • Contact for pricing

      Prime Office Space Available

      830 sq ft office space in Two Rivers Business District.
      1507 20Th St, Two Rivers, WI 54241
      View Details
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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.

    More about this property
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