Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2 Reichart Ln Watertown, WI 53094

    Sponsored
    For Sale
    $99,900

    Rural - Watertown, WI

    Lot size:
    1.00 Acre
    Days on Market:
    294
    Last Refresh:
    Feb 4 at 11:06 am

    Property Features for 2 Reichart Ln

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    A3
    APN
    020-0814-2442-003
    Exterior features
    None
    Lot size
    1.00 Acre

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Kyle Carrier
    Kyle Carrier

    Best Realty of Edgerton, LTD (608) 884-8468

    Listing agent Kyle Carrier (608) 884-8468

    Listing date Apr 17, 2025

    MLS# 1997689 Listing URL

    Copyright © 2026 REALTORS® Association of South Central Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Watertown Acre Lot For Sale

    This one-acre parcel in Watertown, Wisconsin, offers a potential building site for a custom home. Located on a dead-end road, the lot provides a peaceful and quiet country setting with easy access to Highway 26. The property has already undergone a perc test. The zoning is A3.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Watertown
    County
    Dodge
    State
    Wisconsin
    Longitude
    -88.781710809452
    Latitude
    43.145547452231

    Nearby Similar for Sale

    • $299,900

      Watertown Mixed-Use Investment Opportunity

      Historic property with long-term tenant and investment potential in Watertown.
      809 Station St, Watertown, WI 53094
      View Details
    • $1,300,000
      10,530 SF

      Mixed-Use Property with Income Potential

      Mixed-use property featuring residential, retail, and event spaces.
      107-111 S 2Nd St, Watertown, WI 53094
      View Details
    • $699,900
      2,684 SF

      Turnkey Restaurant with Historical Charm

      Renovated restaurant with living space and historical significance.
      200 N 2Nd St, Watertown, WI 53094
      View Details
    • Contact for pricing
      2 SF

      Restaurant Opportunity with Drive-Thru

      Restaurant with drive-thru, built in 1987, with 19 parking stalls.
      1212 Utah St, Watertown, WI 53094
      View Details
    • $700,000
      2,500 SF

      Prime Watertown Retail Opportunity

      High-visibility corner lot, seller financing.
      N549 Boulder Rd, Watertown, WI 53098
      View Details
    • $770,000
      2,108 SF

      Watertown Car Wash - Prime Location

      Profitable Car Wash, Riverfront, High Traffic
      100 Stimpson St, Watertown, WI 53094
      View Details
    • Contact for pricing
      2,563 SF

      Watertown QSR Restaurant - Prime Location

      High-Visibility QSR with Drive-Thru in Watertown, WI
      1212 Utah St, Watertown, WI 53094
      View Details
    • Contact for pricing
      2,563 SF

      Watertown Restaurant - Prime Location

      Free-standing building, high visibility, drive-thru.
      1212 Utah St, Watertown, WI 53094
      View Details
    • $445,000
      13,161 SF

      Watertown Power House: 10-Unit Potential

      Historic building, prime for condo conversion.
      245 Concord Ave, Watertown, WI 53094
      View Details
    • $2,490,000
      28,500 SF

      Watertown Shopping Center Investment

      Thriving 100% occupied retail mall.
      210 Water St, Watertown, WI 53094
      View Details
    • $225,000
      2,178 SF

      306 Main St, Watertown, WI 53094

      Commercial real estate • 2,178 SF
      306 Main St, Watertown, WI 53094
      View Details
    • $160,000
      3,000 SF

      Confidential St, Watertown, WI 53094

      Commercial real estate • 3,000 SF
      Confidential St, Watertown, WI 53094
      View Details

    FAQs

    What type of property is this?
    Land - One acre lot for custom home with easy highway access.
    Where is this land located?
    The property is located at 2 Reichart Ln Watertown, WI.
    What is the asking price?
    The asking price for this property is $99,900.
    What are key features of this property?
    This property features: - One-acre parcel ideal for building a custom home.; - No specific builder required, offering flexibility.; - Located on a peaceful and quiet dead-end road.
    (608) 449-3630
    Request Owner's contact information
    2 Reichart Ln Watertown, WI 53094
    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.
    2 Reichart Ln
    Watertown, WI 53094
    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
    2 Reichart Ln Watertown, WI 53094
    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

    We can help!
    Listing Contact
    Kyle Carrier
    Kyle Carrier
    Real Estate License ID: 58216-90
    (608) 449-3630
    Learn more
    Google sign-in failed. Please try again or use another login method.