Add Listing
    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

    Newton Ave Watertown, MN 55388

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    6.78 Acres, Ready to Build

    Property Features for 0 Newton Ave

    General Information

    Property type
    Farms
    Lot Size
    295,337 SF

    We can help!

    Listing Contact
    Scott S Housman
    Scott S Housman

    Listing Agency: RE/MAX Results Listing Agent: Scott S Housman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 6.78-acre property in Watertown, Minnesota, presents a unique opportunity for residential development or continued use as a farm or ranch. Located on Newton Ave SE, in Carver County, the land is zoned SF and boasts a prime location with convenient access to local amenities. The property is nearly ready for development, with preliminary plat approval for a four-lot subdivision already underway. While a four-lot division is a straightforward option, alternative configurations are possible. This allows for flexibility in design and development plans to suit individual needs and preferences. The seller is open to considering all reasonable offers. A virtual showing is available upon request, providing a convenient way to explore this promising investment. The property's existing infrastructure and advanced planning stages significantly reduce the time and effort required for development, making it an attractive option for builders and investors alike. The 55388 zip code offers a desirable location within Watertown. Don't miss this chance to acquire a ready-to-develop parcel in a thriving community. Contact us today for more details and to schedule a viewing.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Watertown
    County
    Carver
    State
    Minnesota
    Longitude
    -93.845184
    Latitude
    44.9524197

    Nearby Similar for Sale

    • Contact for pricing
      1,490 SF

      Watertown Garage Condos For Sale

      Versatile garage condos built in 2022, suitable for various uses.
      721 Industrial Blvd, Watertown, MN
      View Details
    • $299,000
      1,584 SF

      Downtown Watertown Retail Gem

      Updated storefront, prime location, high storage.
      130 Lewis Ave, Watertown, MN 55388
      View Details
    • $163,500
      1,090 SF

      Watertown Garage Condo - Prime Location

      Spacious garage condo, ideal for business.
      721 Industrial Blvd, Watertown, MN 55388
      View Details
    • $246,250
      1,250 SF

      Watertown Garage Condo - Prime Location

      1250 sq ft Garage Condo, Watertown, MN
      721 Industrial Blvd, Watertown, MN 55388
      View Details
    • $246,250
      1,250 SF

      Watertown Garage Condo - Prime Location

      1250 sq ft Garage Condo, Watertown, MN
      721 Industrial Blvd, Watertown, MN 55388
      View Details
    • $167,925
      1,119 SF

      721 Industrial Blvd, Watertown, MN 55388

      Commercial real estate • 1,119 SF
      721 Industrial Blvd, Watertown, MN 55388
      View Details
    • $246,250
      1,250 SF

      721 Industrial Blvd, Watertown, MN 55388

      Commercial real estate • 1,250 SF
      721 Industrial Blvd, Watertown, MN 55388
      View Details
    • $246,250
      1,250 SF

      721 Industrial Blvd, Watertown, MN 55388

      Commercial real estate • 1,250 SF
      721 Industrial Blvd, Watertown, MN 55388
      View Details
    • $246,250
      1,250 SF

      721 Industrial Blvd, Watertown, MN 55388

      Commercial real estate • 1,250 SF
      721 Industrial Blvd, Watertown, MN 55388
      View Details

    FAQs

    What type of property is this?
    Farm - 6.78 Acres, Ready to Build
    Where is this farm located?
    The property is located at Newton Ave Watertown, MN.
    What is the asking price?
    The asking price for this property is $309,900.
    What are key features of this property?
    This property features: 6.78-acre development site in Watertown, MN.; Located on Newton Ave SE in Carver County, zoned SF.; Preliminary plat approval for a four-lot subdivision.
    (612) 860-1747 Call to check price and availability
    Request Owner's contact information
    Newton Ave Watertown, MN 55388
    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.
    Newton Ave
    Watertown, MN 55388
    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
    Newton Ave Watertown, MN 55388
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Scott S Housman
    Scott S Housman
    Real Estate License ID: 90452
    (612) 860-1747 (763) 694-1065 (763) 591-6000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!