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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Strip malls
1101 Broadway Ave, Yankton, SD 57078-2835
Entity Owned
Absentee Owner
Free & Clear
Property ID
US79-0382294
Property summary
AI-generated 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
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2005
Total area
9,960 SF
Lot
0.77 ac (33,541 SF)
APN
78.090.003.030
UPID
US79-0382294
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Scott Family Dentistry & Laser Skin Solutions Dental Office
-
Morgen Square Shopping Center & Mall
-
Lewis And Clark Family Medical Pc Medical Clinic
-
Scott Family Dentistry: Scott Jessie B DDS Dental Office
-
Melissa Thoene Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$660k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$660k
Owner & transaction history
VANDERLOO LEGACY LLC
VANDERLOO LEGACY LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Yankton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Yankton submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$660,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$945,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$860,000
Change: 0% · Conversion: Easy
AUTO REPAIR, GARAGE
$855,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$835,000
Change: 0% · Conversion: Moderate
WAREHOUSE, STORAGE
$605,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$585,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$660k
Range $594k – $726k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$66 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$37,629
Tax year 2023
Assessed value
$2,096,200
Assessed 2024
Previous assessed
$2,096,200
+0.0% YoY
Effective rate
1.80%
On assessed value
Assessed land
$67,400
Assessed improvement
$2,028,800
Applied tax rate
78,633.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2005
Heating
YES
Cooling
NONE
Buildings
4
Stories
3
Total area
9,960 SF
Lot
0.77 ac (33,541 SF)
APN
78.090.003.030
UPID
US79-0382294
Jurisdiction
YANKTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$945,000
COMMERCIAL (GENERAL)
Est. value
$860,000
AUTO REPAIR, GARAGE
Est. value
$855,000
OFFICE BUILDING
Est. value
$835,000
WAREHOUSE, STORAGE
Est. value
$605,000
RETAIL STORES
Est. value
$585,000
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
WAREHOUSE, STORAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2005
Heating
YES
Cooling
Yes
Stories
3
Buildings
4
Lot
0.77 ac
Current owner
From public records · entity-resolved
VANDERLOO LEGACY LLC
Entity
Free & Clear · 0 yrs held
Mailing address
6806 W 7TH ST, SIOUX FALLS, SD 57107-0332
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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