Forest resource maps and small area estimates have been produced by combining national forest inventory (NFI) field plot data, multispectral satellite images and numerical map data. We evaluated k-nearest neighbors (k-NN) method-based predictions of forest variables for pixels in predicting tree lists of individual stands, including tree diameters at breast height and tree heights and then calculated stem volumes and tree species proportions. We compared alternative parameters (k-NN) using k of either 1 or 5 according to preliminary plot-level study and applying either measured trees (1-NN_trees) or mean stand characteristics (k-NN_stand). In the 1-NN_trees method, a tree list was generated based on the measured trees of the NFI plots, whereas in the 1-NN_stand and 5-NN_stand methods, a Weibull-based diameter distribution was recovered from the stand characteristics of the same inventory plots. In both methods, tree lists were predicted for each 16 m × 16 m pixel included in the stand compartment. Both methods performed well and resulted in 8–14% differences in the total volume compared with the field inventory of the 27 stands used for the evaluation. Moreover, the main tree species was correctly predicted for 74% of cases. The RMSE in total volume ranged from 25% (5-NN_stand) to 31% (1-NN_stand), while the smallest RMSEs in volume by tree species were 61% for broadleaves and 65% for pine and spruce using the 5-NN_stand. When comparing input data for a long-term growth simulation, the choice of the method was less influential as the effect of the error in the initial stand characteristics decreased over time during the simulation period. After 30-year simulation of the inventoried stands, the respective RMSEs were 9.4% for total volume and 39%, 50% and 59% for tree species, respectively. The satellite-based data with NFI plots were useful for predicting tree lists for pixels of a stand. However, the accuracy for operational forest management was still questionable. For a larger area’s strategic information, the accuracy is considered adequate.