Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2408 N Broadway Ave Yankton, SD 57078
    Property profile & analytics

    2408 N Broadway Ave Yankton, SD 57078

    View on Map
    • Banks
    • 4,988 SF
    • 1.26 lot acres
    For Sale
    $1,600,000
    View Listing →
    Yankton Commercial Investment Opportunity For Sale
    $1,600,000
    4,988 SF

    Yankton Commercial Investment Opportunity

    High-visibility commercial property leased to a regional bank.

    2408 N Broadway Ave, Yankton, SD 57078
    View Listing
    Property ID
    US79-0476647
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • ATM / Atm
    • First Interstate Bank / Bank / Loan Service
    • Yankton ATM / Atm

    Property Details for 2408 N Broadway Ave

    Year built
    2007
    Lot size
    1.26 lot acres
    Property size
    4,988 SF
    Property type
    Banks
    APN
    78.759.000.001
    APU
    78759000001

    Description

    This exceptional investment opportunity presents a 1.26-acre retail property located at 2408 N Broadway Ave in Yankton, South Dakota. Priced at $1,600,000, the property boasts a current tenant—a regional bank with a substantial presence across 14 states and over 307 locations. This established tenant provides immediate and consistent cash flow, with a triple net (NNN) lease currently in place for 3.5 years. The building's prime location on a major thoroughfare within Yankton's vibrant retail and commercial corridor ensures high visibility and accessibility. The sale includes the building only

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Yankton
    County
    Yankton
    State
    South Dakota
    Longitude
    -97.3966
    Latitude
    42.897
    CBSA code
    49460
    CBSA name
    YANKTON, SD MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $10,068
    $137,200
    $422,300
    $559,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $945,000
      43,607 SF

      225 Cedar St

      FINANCIAL BUILDING • 43,607 SF
      225 Cedar St, Yankton, SD 57078-4333
      View Details
    • Value Estimation by Request
      8,447 SF

      200 Cedar St

      FINANCIAL BUILDING • 8,447 SF
      200 Cedar St, Yankton, SD 57078-4334
      View Details
    • Value Estimation by Request
      8,040 SF

      609 21st St

      FINANCIAL BUILDING • 8,040 SF
      609 21st St, Yankton, SD 57078-2001
      View Details
    • Value Estimation by Request
      1,856 SF

      1920 Broadway Ave

      FINANCIAL BUILDING • 1,856 SF
      1920 Broadway Ave, Yankton, SD 57078-2114
      View Details
    • Value Estimation by Request
      5,000 SF

      108 3rd St

      RETAIL STORES (PERSONAL SERVICES) • 5,000 SF
      108 3rd St, Yankton, SD 57078-4321
      View Details
    • Value Estimation by Request
      4,560 SF

      100 4th St

      RETAIL STORES (PERSONAL SERVICES) • 4,560 SF
      100 4th St, Yankton, SD 57078-4308
      View Details

    Similar Nearby for Sale

    • $1,600,000
      4,988 SF

      Yankton Commercial Investment Opportunity

      High-visibility commercial property leased to a regional bank.
      2408 N Broadway Ave, Yankton, SD 57078
      View Details
    • $999,900
      3,480 SF

      Turnkey Commercial Opportunity in Yankton

      Established business and building on Yankton's Broadway Avenue.
      1603 Broadway Ave, Yankton, SD 57078
      View Details
    • Contact for pricing
      5,336 SF

      Downtown Yankton Mixed-Use Opportunity

      Two-story building with retail and residential/commercial potential.
      321 Douglas Ave, Yankton, SD 57078
      View Details
    • $495,000
      2,880 SF

      Established Yankton Convenience Store Business

      Profitable convenience store business with multiple revenue streams for sale.
      300 W 23Rd St, Yankton, SD 57078
      View Details
    • $4,200,000

      Yankton Multifamily Investment Opportunity

      Multifamily property with development potential in Yankton, South Dakota.
      1313 W 30Th St, Yankton, SD 57078
      View Details
    • $247,500
      2.74 Acres

      Yankton Land with Lake View

      2.74 acres in Baycliffe Estates, near Lewis and Clark Lake.
      154 Baycliffe Dr, Yankton, SD 57078
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,500 SF

      Retail Space on Broadway Avenue

      Retail space in Yankton's primary retail corridor.
      3013 Broadway Ave, Yankton, SD 57078
      View Details
    • $19 SF/Yr
      5,365 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

      Retail Space in Yankton Plaza

      Retail leasing opportunity in Yankton's thriving retail corridor.
      2007 Broadway Ave, Yankton, SD 57078
      View Details
    • $8 SF/Yr

      Industrial/Flex Space Available

      Open warehouse/distribution space with private restroom and overhead doors.
      1101 Broadway Ave, Yankton, SD 57078
      View Details
    • $6 SF/Yr

      Industrial Property with Excess Land

      Industrial space with ample land, dock doors, and office.
      601 Archery Ln, Yankton, SD 57078
      View Details
    • $9 SF/Yr
      45,656 SF

      Yankton Executive Office Space

      Prime Yankton location, 1,748 sq ft available.
      1101 Broadway Ave, Yankton, SD 57078
      View Details
    View Listing
    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.
    2408 N Broadway Ave
    Yankton, SD 57078
    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

    Thank You for Inquiry
    2408 N Broadway Ave, Yankton, SD, 57078
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!