Financial
Distress signals
Property profile

8 2nd NE St Watertown, SD 57201

OFF-MARKET
Commercial real estate
Property ID
US79-0311100
0.45 ac lot
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional 2021-built, four-story mixed-use property in Watertown, South Dakota, presents a compelling investment opportunity. Located at 8 2nd St NE, this 51,985 square foot building sits on a 19,540 square foot lot and boasts a blend of residential and commercial spaces. The building comprises 36 units with an impressive 85% occupancy rate. The diverse tenant mix includes apartment units, a pharmacy/drug store, and a restaurant, creating a diversified income stream. The asking price

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$45k
Tax billed · 2023
Assessed value · 2024$3.13M
Assessed land$151k
Assessed improvement$2.98M
Effective rate1.44%

Value estimate

· Sep 2026
$460k
$414k – $506k
AI approach$460k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionCODINGTON

Location intelligence

Which uses thrive at this corner?
Best fit: Wholesale Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Wholesale Shop17.5
Restaurant17.3
Building Supply15.8

Location

8 2nd NE St Watertown, SD 57201-3777
County assessor Recorded deeds · not on file Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 properties nearby
Recent sales nearby
No comparable recorded sale in this ZIP
No comparable recorded sale in this ZIP. Our records hold no sale here we could set beside this property for the last 8 years. They are neighbours, not transactions.
Comparable nearby
6 properties of the same type nearby
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