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    2007 Broadway Ave Yankton, SD 57078

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    Retail leasing opportunity in Yankton's thriving retail corridor.

    Type:Retail
    Property size:
    73,050 SF
    Added:
    May 25, 2022
    Days on Market:
    1426
    Last Refresh:
    Mar 17 at 1:18 pm

    Property Features for 2007 Broadway Ave

    General Information

    Standard status
    Active
    Size
    73,050 SF
    Property subtype
    Retail

    Spaces For Lease

    at 2007 Broadway Ave Contact us

    We can help!

    Listing Contact
    Brayden Mussman

    Listing agent Brayden Mussman License #NE 20180308

    Listing office Noddle Companies

    Listing date May 25, 2022

    Source Crexi

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

    All listing content including descriptions, pricing, images are the copyrighted material of Noddle Companies

    Overview

    Retail Space in Yankton Plaza

    A retail leasing opportunity is available at Yankton Plaza, located at 2007 Broadway in Yankton, South Dakota. This 73,050 SF shopping center is positioned in the heart of Yankton's retail corridor. The plaza is anchored by national tenants, including Dollar Tree, AutoZone, and Harbor Freight. The location offers visibility and parking.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    H&R Block Tax Preparation Unique Tan Hair Salon Exclusive Tan & Beauty Hair Salon Harbor Freight Building Supply Harbor Freight Tools Building Supply

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Morgen Square — 1101 Broadway Ave, Yankton, SD 57078
    • Yankton Mall — 2101 Broadway Ave, Yankton, SD 57078
    • Event Central — 2101 Broadway Ave #10, Yankton, SD 57078

    Location Insight

    • Map
    • Local Demand
    City
    Yankton
    County
    Yankton
    State
    South Dakota
    Longitude
    -97.397624
    Latitude
    42.8899116

    Nearby Similar for Lease

    • $19/mo

      Prime Retail Space on Broadway

      High-profile retail space in central Yankton's retail corridor.
      2101 Broadway Ave, Yankton, SD
      View Details
    • $8/mo

      Industrial/Flex Space Available

      Open warehouse/distribution space with private restroom and overhead doors.
      1101 Broadway Avenue, Yankton, SD 57078
      View Details
    • $15/mo

      Retail Space on Broadway Avenue

      Retail space in Yankton's primary retail corridor.
      3013 Broadway Ave, Yankton, SD
      View Details
    • Contact for pricing

      Office Space in Downtown Yankton

      Office space available in Yankton's Downtown Meridian District.
      314 Walnut St, Yankton, SD 57078
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail leasing opportunity in Yankton's thriving retail corridor.
    Where is this shopping center located?
    The property is located at 2007 Broadway Ave Yankton, SD.
    What are key features of this property?
    This property features: Premier retail leasing opportunity in Yankton Plaza.; Located in the heart of Yankton's thriving retail corridor.; Anchored by strong national tenants: Dollar Tree, AutoZone, and Harbor Freight.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Brayden Mussman
    Real Estate License ID: NE 20180308
    Learn More
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    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
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