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    1101 Broadway Ave Yankton, SD 57078

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    For Lease
    Contact for pricing

    Prime Yankton location, 1,748 sq ft available.

    Lot size:
    45,656 SF

    Property Features for 1101 Broadway Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    45,656 SF
    Class
    A
    Total Rate
    36144.33

    Building Details

    Year Built
    2005

    Spaces For Lease

    at 1101 Broadway Ave, Yankton, SD 57078 Contact us
    Unit Building 1 Suite 104

    $9 /Mo

    Size
    1,748 SF
    Contact us

    We can help!

    Listing Contact
    Marcus Mahlen
    Marcus Mahlen

    Listing Agency: NAI Sioux Falls Listing Agent: Marcus Mahlen

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

    Learn more

    Property Insight Report

    Overview

    Morgen Square offers 1,748 square feet of Class A executive office space for lease. Located at 1101 Broadway Avenue in Yankton, South Dakota, this property boasts a highly visible location on Highway 81, benefiting from significant daily traffic volume of 17,674 vehicles. The building, constructed in 2005, totals 45,656 square feet and sits on a 4.8-acre lot in Yankton County. This multi-tenant building provides a strong sense of community with established businesses already in place, including Jimmy John's, Domino's, Fastenal Fulfillment Center, South Point Gaming Lounge, and the Orthopedic Institute. The available space presents an excellent opportunity for businesses seeking a prominent location with high visibility and convenient access. The property's Class A designation reflects its high-quality construction and amenities. This is an exceptional opportunity to establish a presence in a thriving Yankton business community. The available space is 1,748 square feet, ready for immediate occupancy. Contact us today to schedule a viewing.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Scott Family Dentistry ... Dental Office Morgen Square Shopping Center & Mall Lewis And Clark Family ... Medical Clinic Scott Family Dentistry: ... Dental Office Melissa Thoene Physician

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Yankton
    County
    Yankton
    State
    South Dakota
    Longitude
    -97.3980124
    Latitude
    42.8817804

    Nearby Similar for Lease

    • $8 SF/Yr
      45,656 SF

      Industrial/Flex Space Available

      Open warehouse/distribution space with private restroom and overhead doors.
      1101 Broadway Ave, Yankton, SD 57078
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    • $19 SF/Yr
      21,821 SF

      Prime Retail Space on Broadway

      High-profile retail space in central Yankton's retail corridor.
      2101 Broadway Ave, Yankton, SD 57078
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space on Broadway Avenue

      Retail space in Yankton's primary retail corridor.
      3013 Broadway Ave, Yankton, SD 57078
      View Details
    • $9 SF/Yr
      72,800 SF

      Yankton Plaza: Retail & Office Space

      Class A retail/office space in Yankton, SD
      2007 Broadway Ave, Yankton, SD 57078
      View Details
    • $13 SF/Yr
      4,713 SF

      Yankton Downtown Office Suites

      Prime Downtown Yankton Office Space Available
      314 Walnut St, Yankton, SD 57078
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - Prime Yankton location, 1,748 sq ft available.
    Where is this office property / space located?
    The property is located at 1101 Broadway Ave Yankton, SD.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: 1,748 SF of Class A office space available for lease in Yankton, SD.; High-visibility location on Highway 81 with 17,674 VPD.; Located in a 45,656 SF multi-tenant building on a 4.8-acre lot.
    (605) 228-9744 Call to check price and availability
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    1101 Broadway Ave Yankton, SD 57078
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    Yankton, SD 57078
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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
    1101 Broadway Ave Yankton, SD 57078
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Marcus Mahlen
    Marcus Mahlen
    Real Estate License ID: 16852
    (605) 228-9744
    Learn more
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