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

    200 Chestnut Ave Ipswich, SD 57451

    • Retail properties
    • 12,000 SF
    • 12.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 200 Chestnut Ave

    Year built
    2022
    Lot size
    12.00 lot acres
    Property size
    12,000 SF
    Property type
    Retail properties

    Description

    This exceptional retail property, located at 200 Chestnut Avenue in Ipswich, South Dakota, presents a unique investment opportunity. Built in 2022, the 12,000 square-foot building boasts a modern and functional design, ideal for a variety of retail uses. The spacious interior features a finished layout, including a sizable shop area measuring 60 feet by 120 feet. The high ceilings, with a 16-foot sidewall, and four 14-foot overhead doors provide ample space and accessibility for merchandise handling and storage. The concrete floor is equipped with a drain for easy cleaning and maintenance. Heating is provided by two hanging furnaces, ensuring comfortable year-round operation. Convenient office space is included, complete with a full bathroom featuring a shower, and a dedicated conference room for meetings and client interactions. The property sits on a substantial 12-acre lot, offering ample parking and potential for expansion. The gravel lot provides convenient access, and the property benefits from prominent Highway 45 frontage, ensuring high visibility and accessibility for customers. The asking price for this turnkey retail space is $630,000. This property is situated in Edmunds County, South Dakota, with a zip code of 57451. The geographic coordinates are 45.438854 latitude and -99.028729 longitude.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ipswich
    County
    Edmunds
    State
    South Dakota
    Longitude
    -99.0287
    Latitude
    45.4389

    Comparable in this City

    • Value Estimation by Request
      14.00 Acres

      200 Chestnut Ipswich

      Land • 12,000 SF
      200 Chestnut Ipswich, Ipswich, SD 57451
      View Details
    • Value Estimation
      $370,000
      1.00 Acre

      Ipswich, SD 57451

      COMMERCIAL (GENERAL) • 1.00 Acre
      Ipswich, SD 57451
      View Details
    • Value Estimation
      $285,000
      1.00 Acre

      Ipswich, SD 57451

      COMMERCIAL (GENERAL) • 1.00 Acre
      Ipswich, SD 57451
      View Details
    • Value Estimation
      $280,000
      1.00 Acre

      Ipswich, SD 57451

      COMMERCIAL (GENERAL) • 1.00 Acre
      Ipswich, SD 57451
      View Details
    • Value Estimation
      $385,000
      3.00 Acres

      Ipswich, SD 57451

      COMMERCIAL (GENERAL) • 3.00 Acres
      Ipswich, SD 57451
      View Details
    • Value Estimation by Request
      1.00 Acre

      Ipswich, SD 57451

      VACANT COMMERCIAL LAND • 1.00 Acre
      Ipswich, SD 57451
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,100 SF

      Highway Commercial Building with Motel

      Commercial building with motel on high-traffic highway near Ipswich.
      36275 Us-12, Ipswich, SD 57451
      View Details
    • Contact for pricing
      360 SF

      Ipswich Office/Retail Suite For Sale

      360 SF office/retail suite with high visibility and traffic.
      511 5Th St, Ipswich, SD 57451
      View Details
    • New
      $295,000
      5,000 SF

      Ipswich Restaurant, Bar & Entertainment

      Turn-key restaurant and bar opportunity in Ipswich, South Dakota.
      318 2Nd Ave, Ipswich, SD 57451
      View Details
    • $125,000
      2.32 Acres

      Land Near Mina Lake

      2.32 acre lot near Mina Lake.
      13190 N Sunrise Dr, Mina, SD 57451
      View Details
    • $125,000
      2.61 Acres

      Land For Sale in Mina

      2.61 acre lot to build your dream home.
      13198 N Sunrise Dr, Mina, SD 57451
      View Details
    • $197,000
      0.60 Acres

      Land Near Mina Lake

      Land with lake frontage in new Mina development.
      13179 N Sunrise Dr, Mina, SD 57451
      View Details
    Request Owner's contact information
    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.
    200 Chestnut Ave
    Ipswich, SD 57451
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.