Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Driv Willow Creek Dr Watertown, SD 57201
    Back to Search
    Property profile & analytics

    Driv Willow Creek Dr, Watertown, SD 57201

    View on Map
    • Land
    • 5.26 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for Driv Willow Creek Dr

    Lot size
    5.26 lot acres
    Property type
    Land

    Description

    This exceptional 5.26-acre commercial land parcel presents a remarkable investment opportunity in Watertown, South Dakota. Located on Willow Creek Drive in Codington County, this property is zoned for commercial use, offering unparalleled potential for a diverse range of businesses. The asking price is $1,745,937.07, translating to a land value of $7.62 per square foot. Its strategic location on Willow Creek Drive ensures high visibility and easy accessibility, making it an attractive site for businesses seeking a prominent presence in a thriving commercial area. The expansive lot size allows for significant development flexibility, catering to various project scales and designs. This property's prime location and commercial zoning combine to create a compelling investment prospect for developers and entrepreneurs seeking a foothold in a dynamic market. The 57201 zip code further underscores its convenient access to local amenities and infrastructure. This is a rare opportunity to acquire a substantial commercial land parcel in a desirable location with significant growth potential. The property's size and zoning make it suitable for a variety of commercial developments, offering a blank canvas for creative and profitable ventures. Don't miss this chance to secure a piece of Watertown's vibrant commercial landscape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Watertown
    County
    Codington
    State
    South Dakota
    Longitude
    -97.0796
    Latitude
    44.8947

    Comparable in this City

    • Value Estimation by Request
      8.00 Acres

      Dri Willow Creek Dr

      Land
      Dri Willow Creek Dr, Watertown, SD 57201
      View Details
    • Value Estimation by Request
      2.13 Acres

      23rd 23Rd St

      Land
      23rd 23Rd St, Watertown, SD 57201
      View Details
    • Value Estimation by Request
      9.59 Acres

      10th Ave

      Land
      10th Ave, Watertown, SD 57201
      View Details
    • Value Estimation by Request

      19th 19Th St

      Land
      19th 19Th St, Watertown, SD 57201
      View Details
    • Value Estimation by Request

      2527 9Th Ave

      Land
      2527 9Th Ave, Watertown, SD 57201
      View Details
    • Value Estimation by Request
      11.98 Acres

      Willow Creek Dr

      Land
      0 Willow Creek Dr, Watertown, SD 57201
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Development Land I-29 Frontage

      Development land with I-29 frontage in Watertown, South Dakota.
      31st 31St St SE, Watertown, SD 57201
      View Details
    • Contact for pricing

      Watertown Land For Sale

      Land available in Watertown, South Dakota.
      L9 37Th St SW, Watertown, SD 57201
      View Details
    • Contact for pricing

      Watertown Land For Sale

      Land available in Watertown, South Dakota.
      L12 37Th St SW, Watertown, SD 57201
      View Details
    • Contact for pricing

      Watertown Land For Sale

      Land available in Watertown, South Dakota.
      L18 18Th Ave SW, Watertown, SD 57201
      View Details
    • Contact for pricing

      80 Acres Industrial Development Land

      80 acres of land for industrial development.
      2306 20Th Ave SE, Watertown, SD 57201
      View Details
    • Contact for pricing

      East Highway 212 Frontage Land

      Commercial land for sale with highway frontage and utilities.
      3301 9Th Ave SE, Watertown, SD 57201
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Downtown Watertown Mixed-Use Property

      Mixed-use property with retail space in vibrant downtown location.
      15 1St St NW, Watertown, SD 57201
      View Details
    • Contact for pricing
      6,600 SF

      Watertown Shop Space Near I-29

      6,600 SF shop space near I-29 in Watertown.
      115 31St St NE, Watertown, SD 57201
      View Details
    • Contact for pricing

      Retail Space in Watertown Center

      Strip center near Walmart, with easy highway access.
      911 29Th St SE, Watertown, SD 57201
      View Details
    • Contact for pricing
      1,900 SF

      Downtown Watertown Retail Space Available

      Retail space in a vibrant downtown location with onsite parking.
      15 1St St NW, Watertown, SD 57201
      View Details
    • Contact for pricing
      6,895 SF

      Prime Retail Space in Watertown

      Strategically located retail space ready for tenant build-outs.
      911-937 29Th St SE, Watertown, SD 57201
      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.
    Driv Willow Creek Dr
    Watertown, SD 57201
    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

    Thank You for Inquiry
    Driv Willow Creek Dr, Watertown, SD, 57201
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!