Your AI Navigator in Commercial Real Estate
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
    Back to Search
    Property profile & analytics

    2527 9Th Ave Watertown, SD 57201

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US79-0433801
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 2527 9Th Ave

    Property type
    Commercial real estate

    Description

    This exceptional .72-acre commercial lot, located at 2527 9th Ave SE in Watertown, South Dakota, presents a unique investment opportunity. Zoned for commercial use, this 31,389 square foot parcel is priced at $25.38 per square foot, totaling $796,652.82. Situated on Highway 212, the property benefits from high visibility and significant traffic flow, making it ideal for a variety of commercial ventures. Its prime location within Codington County, South Dakota, offers easy access to local amenities and a thriving business community. The property's size and location provide ample space for development, catering to businesses seeking a prominent presence in a busy commercial area. This is a rare chance to acquire a strategically positioned commercial lot with excellent potential for growth and return on investment. The property's address is easily accessible and visible from the highway, ensuring maximum exposure for any future business. This is a turnkey opportunity for entrepreneurs and investors seeking a strong foothold in a dynamic market. The asking price reflects the property's exceptional location and development potential. Don't miss this chance to secure a prime piece of commercial real estate in Watertown, SD. The zip code is 57201.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Watertown
    County
    Codington
    State
    South Dakota
    Longitude
    -97.07338126491
    Latitude
    44.890160778731

    Comparable in this City

    • $1,271,127
      2.13 Acres

      Willow Creek Commercial Land

      2.13 Acres, Prime Watertown Location
      23rd 23Rd St, Watertown, SD 57201
      View Details
    • $2,655,417
      8.00 Acres

      Willow Creek Commercial Land - 8 Acres

      Prime Watertown, SD commercial land. Exceptional investment opportunity.
      Dri Willow Creek Dr, Watertown, SD 57201
      View Details
    • Contact for pricing
      32.00 Acres

      BRS Farms: Watertown Land

      32 Acres, I-29/US-212 Frontage
      I-29 Us Highway 212, Watertown, SD 57201
      View Details
    • $300,000
      2.00 Acres

      Watertown Vacant Land Near Lake

      Large lots near Pelican Lake with municipal utilities available.
      B3 KAK'S Ave SW, Watertown, SD 57201
      View Details
    • $1,200,000
      80.00 Acres

      Prime Watertown Development Land

      80 Acres, I-29 Frontage, High Visibility
      31st 31St St, Watertown, SD 57201
      View Details
    • $1,745,937
      5.26 Acres

      Watertown Commercial Land - 5.26 Acres

      Prime commercial land, ideal location, development opportunity.
      Driv Willow Creek Dr, Watertown, SD 57201
      View Details

    Similar Nearby for Sale

    • $1,200,000
      80.00 Acres

      Prime Watertown Development Land

      80 Acres, I-29 Frontage, High Visibility
      31st 31St St, Watertown, SD 57201
      View Details
    • $510,829

      Watertown Commercial Lot - High Visibility

      Prime Commercial Land, High Traffic Corner, $15.23/SF
      23rd 23Rd St, Watertown, SD 57201
      View Details
    • $3,976,489
      11.98 Acres

      Willow Creek Dr Commercial Land

      11.98 Acres, C-3 Zoned, Watertown, SD
      0 Willow Creek Dr, Watertown, SD 57201
      View Details
    • $3,144,599

      Centerpointe Commercial Land, Watertown, SD

      Prime 3.39-acre commercial lot on Hwy 212.
      2nd Addition, Rauville, SD 57201
      View Details
    • $6,266,106
      9.59 Acres

      Watertown Commercial Land - 9.59 Acres

      Prime Watertown location, high visibility, development ready.
      10th Ave, Watertown, SD 57201
      View Details
    • $1,082,078
      3.26 Acres

      Watertown Commercial Land - 3.26 Acres

      Prime Commercial Lot, Watertown, SD
      0 Willow Creek Dr, Watertown, SD 57201
      View Details

    Similar Nearby for Lease

    • $19 SF/Yr
      2,382 SF

      Watertown Office Space For Lease

      Downtown Watertown, SD - Modern Office Suites
      10 Broadway, Watertown, SD 57201
      View Details
    • $14 SF/Yr
      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
    • $6 SF/Yr
      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
    • $19 SF/Yr
      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
    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.
    2527 9Th Ave
    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

    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.