Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    N9360 Buckhorn Dr Merrillan, WI 54754

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    N9360 Buckhorn Dr Merrillan, WI 54754

    View on Map
    • Mixed-use properties
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mixed-use properties

    Property Details for N9360 Buckhorn Dr

    Year built
    2006
    Property type
    Mixed-use properties
    Property subtype
    Hospitality properties

    Description

    This exceptional waterfront property in Merrillan, Wisconsin, offers a unique blend of residential comfort and recreational opportunities. Nestled on the peninsula of Lake Buckhorn, this pristine 3-bedroom home boasts stunning lake views and easy access to a variety of outdoor activities. Built in 2006 with renovations completed in 2011, the property includes a charming main house with a loft, spacious bedrooms, two fireplaces, and a main floor laundry area. A 14x24 guesthouse and a 24x30 garage provide ample space for guests and storage. Outdoor amenities include a gorgeous fire pit area, a covered outdoor grill and sitting area, a she shed with electric and heat, and a steel canopy for boat and camper storage. The property also features a four-stall garage/pole shed, a horseshoe pit, a circular driveway, and is situated on a cul-de-sac for added privacy. Enjoy the convenience of a four-season room with a fireplace, central air conditioning, and a built-in 2016 primary suite and bathroom with laundry area. The property is located on a quiet cul-de-sac, offering both privacy and easy access to public boat landings at Lake Arbutus, Bruce Ski Mound, and ATV trails. With its pristine condition and highly recreational area, this property presents a fantastic opportunity for an owner/user seeking a peaceful lakeside retreat. The permitted zoning is residential. The property includes five parking spaces. Asking price is $699,900.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Merrillan
    County
    Jackson
    State
    Wisconsin
    Longitude
    -90.7398
    Latitude
    44.4094

    Comparable in this City

    • Value Estimation by Request
      6,000 SF

      N9581 Us-12

      Restaurants • 6,000 SF
      N9581 Us-12, Merrillan, WI 54754
      View Details
    • Value Estimation by Request

      Merrillan, WI 54754

      VACANT COMMERCIAL LAND
      Merrillan, WI 54754
      View Details
    • Value Estimation by Request
      0.00 Acres

      Merrillan, WI 54754

      VACANT COMMERCIAL LAND • 0.00 Acres
      Merrillan, WI 54754
      View Details
    • Value Estimation by Request
      5.00 Acres

      Merrillan, WI 54754

      VACANT COMMERCIAL LAND • 5.00 Acres
      Merrillan, WI 54754
      View Details
    • Value Estimation by Request
      10.82 Acres

      10088th Garage Rd

      COMMERCIAL (GENERAL) • 10.82 Acres
      10088th Garage Rd, Merrillan, WI 54754-8267
      View Details
    • Value Estimation by Request

      305 Grand St

      COMMERCIAL (GENERAL)
      305 Grand St, Merrillan, WI 54754
      View Details

    Similar Nearby for Sale

    • New
      Contact for pricing
      1.45 Acres

      Land Near Recreational Opportunities

      1.45 acre lot near Cornell and Holcombe, Wisconsin.
      County Hwy W, Holcombe, WI 54754
      View Details
    • $39,900
      1.55 Acres

      Hatfield Wooded Lot Near Recreation

      1.55-acre surveyed wooded lot near Lake Arbutus and Bruce Mound.
      Hwy K, Hatfield, WI 54754
      View Details
    • $35,000
      3.98 Acres

      Wooded Land Near Merrillan

      Unzoned wooded lot near Merrillan, ready for new owner.
      Us Highway 12, Merrillan, WI 54754
      View Details
    • $189,900
      15.80 Acres

      Recreational Land Near Winter Area

      15.8 acres near recreation with cabin-shed and utilities.
      W9495 County Road K, Merrillan, WI 54754
      View Details
    • $37,500
      3.40 Acres

      Merrillan, WI Land For Sale

      3.4 acre recreational land near town with trail access.
      Us Highway 12, Merrillan, WI 54754
      View Details
    • Contact for pricing
      6,000 SF

      Established Supper Club For Sale

      Turn-key supper club with residence, banquet hall, and two bars.
      N9581 Us Highway 12, Merrillan, WI 54754
      View Details
    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.
    N9360 Buckhorn Dr
    Merrillan, WI 54754
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!