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

    605 Jewell Rd Newell, SD 57760

    Sponsored
    For Sale
    $60,000

    Acreage - Newell, SD

    Lot size:
    2.95 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 20 at 3:06 am

    Property Features for 605 Jewell Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial,Other (See Remarks)
    Lot size
    2.95 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Alan Kindsfater

    Keller Williams Realty Black Hills (605) 343-7500

    Listing agent Alan Kindsfater (605) 343-7500

    Listing date Feb 19, 2026

    MLS# 87506 Listing URL

    Copyright © 2026 Mt. Rushmore Area Association of Realtors. 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

    Newell Land with Development Potential

    This property features approximately 2.95 acres of bare land in Newell, South Dakota. The site has city water line access along Jewell Avenue, with electricity located nearby. Septic access is available just south of the lot. Additional land is available on the north and south sides of the lot. The zoning is commercial.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Newell
    County
    Butte
    State
    South Dakota
    Longitude
    -103.41631089947
    Latitude
    44.718217204721

    Nearby Similar for Sale

    • $1,916,400
      280 SF

      Productive Ranch Near Highway 79

      Ranch with pasture, water tanks, river, cabin, and wildlife.
      Tbd Hwy 79, Newell, SD 57760
      View Details
    • $99,500
      2,600 SF

      Newell SD Boarding Home Opportunity

      Seven-bedroom boarding home on three city lots near Main Street.
      113 3Rd St, Newell, SD 57760
      View Details
    • $945,000
      378.00 Acres

      Newell Acreage Ideal for Horses

      378-acre property ideal for horses and cattle near Black Hills.
      Xyz Hwy 79, Newell, SD 57760
      View Details
    • $945,000

      Newell Farm and Ranch Property

      Horse and cattle property near Black Hills with building sites.
      Xyz Hwy 79, Newell, SD 57760
      View Details
    • $71,500
      2,480 SF

      Industrial Land with Building, Newell

      Industrial property featuring a shop building on 0.23 acres.
      101 E 1St St, Newell, SD 57760
      View Details
    • $135,000
      1,216 SF

      Newell Home on Half Acre

      Three-bedroom home on a half-acre corner lot in Newell.
      314 8Th St, Newell, SD 57760
      View Details
    • $895,000
      1.16 Acres

      Newell SD Office & Business

      Established business, great potential.
      101 4Th St, Newell, SD 57760
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.95 acres of commercial land in Newell, South Dakota.
    Where is this commercial land located?
    The property is located at 605 Jewell Rd Newell, SD.
    What is the asking price?
    The asking price for this property is $60,000.
    What are key features of this property?
    This property features: - Large +/- 2.95 acre bare city block.; - City water line located along Jewell Ave.; - Electricity is close by.
    (605) 343-7500
    Request Owner's contact information
    605 Jewell Rd Newell, SD 57760
    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.
    605 Jewell Rd
    Newell, SD 57760
    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
    605 Jewell Rd Newell, SD 57760
    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
    Alan Kindsfater
    (605) 343-7500 (605) 717-0002
    Learn more
    Google sign-in failed. Please try again or use another login method.