Property profile

Rhinelander, WI 54501

OFF-MARKET
Commercial land
Property ID
US92-2328274
0.89 ac lot
Trust Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

The property is a high-exposure commercial land parcel located at the main access to Riverwalk Centre and directly across from the U.S. Post Office. The site consists of 0.88 acres (approximately 38,000 square feet) of level, buildable land. It features stop-and-go, light-controlled intersection access and provides 146 feet of frontage on Courtney Street and 257 feet of frontage on Schiek Plaza Drive, for a combined traffic flow stated as approximately 10,000 vehicles per day. The parcel is positioned at the south end of Rhinelander’s downtown shopping district. The land is suitable for a range of commercial uses, including retail, service, fast food, or other business applications, in the context of an adjacent retail center containing a supermarket, pharmacy, floral and gift shop, gas station, cafe, hardware store, liquor store, and a national chain department store.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.89 ac (38,681 SF)
APN RH 329
UPID US92-2328274

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Rhinelander, WI 54501
Rhinelander metro Census 971400
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

since 2023
1 recorded transaction
2023
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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