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Property profile & analytics
FOR SALE
Banks
2408 N Broadway Ave, Yankton, SD 57078
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US79-0476647
For Sale
1 / 6
$1,600,000
2408 N Broadway Ave, Yankton, SD 57078
View Listing →
Property summary
AI-generated overview
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
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2007
Total area
4,988 SF
Lot
1.26 ac (54,886 SF)
APN
78.759.000.001
UPID
US79-0476647
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
-
ATM Atm
-
First Interstate Bank Bank Loan Service
-
Yankton ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
R21 Investors LLC · 3 yrs held
R21 Investors LLC
since 2023
4 recorded transactions
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$10,068
Tax year 2023
Assessed value
$559,500
Assessed 2024
Previous assessed
$559,500
+0.0% YoY
Effective rate
1.80%
On assessed value
Assessed land
$137,200
Assessed improvement
$422,300
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
Banks
Use group
FINANCIAL BUILDING
Status
For Sale
Year built
2007
Heating
YES
Cooling
NONE
Stories
1
Total area
4,988 SF
Lot
1.26 ac (54,886 SF)
APN
78.759.000.001
UPID
US79-0476647
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
Building & site characteristics
From public records
Year built
2007
Heating
YES
Cooling
Yes
Stories
1
Lot
1.26 ac
Current owner
From public records · entity-resolved
R21 Investors LLC
Entity
Free & Clear · 3 yrs held
Mailing address
3916 N POTSDAM AVE #3715, SIOUX FALLS, SD 57104-7048
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 10, 2023
—
R21 Investors LLC
—
Deed
related
$117,428 · Centris FCU
Jun 2, 2023
—
R21 Investors LLC
Keith Rohde
Deed
related
—
Mar 4, 2021
—
R21 Investors
Keith Rohde
Warranty Deed
—
Apr 1, 2008
$1,274,000
Sunshine Properties LLC
Home Federal Bank
Warranty Deed
$943,000 · Home Federal Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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