Mixed-Use Development For
7040 NE 14th St Ankeny, IA
7040 NE 14th St, Ankeny, IA, 00000
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For Sale
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20,400 SF mixed-use property with retail, office, and apartments.
Property Size12,486 SF
Lot Size1.49 Acres
Price / SF$273.68
Days on Market962
Property Features for 7040 NE 14th St
General Information
- Standard status
- Active
- Size
- 12,486 SF
- Lot size
- 1.49 Acres
- Property subtype
- OFFICE
Listing Agency
Denny Elwell Company
(515) 238-5793
Listed by
Blake Brown · License #S56688000
(515) 202-1944
Source
Moodyscre
Added: Nov 30, 2023 Checked: Jul 19 at 5:31 am
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 Denny Elwell Company
Investment Insights
Based on property information with market context.
This mixed-use development, constructed in 2019, offers 20,400 square feet of space on a 1.437-acre lot. The property features a combination of retail, office, apartment, and flex spaces. The street level includes three retail or office spaces. The second level contains six apartments. Additionally, there are two 3,300-square-foot flex buildings. The property is situated between Des Moines and Ankeny, with access to NE 14th Street and 70th Avenue.
Key Highlights
- 20,400 SF Mixed‑Use Development Property
- Features three retail/office spaces and six apartments
- Two 3,300 SF Flex Buildings
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $224.7k | $18.00 |
| − Vacancy | −$27.0k | −$2.16 |
| EGI | $197.8k | $15.84 |
| − OpEx | −$74.2k | −$5.94 |
| NOI | $123.6k | $9.90 |
12,486 SF · lease $18.00/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$1.77M
$1.55M – $2.06M
NOI $123,611 @ 7.0% cap · market cap 3.62%
Second Best
Retail
$1.65M
$1.44M – $1.92M
NOI $115,161 @ 7.0% cap · market cap 3.37%
Theoretical Best
Flex RnD
$12.02M
$10.52M – $14.02M
NOI $841,357 @ 7.0% cap · market cap 24.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Meyer's tree service
Landscaping
Triplett-Westendorf Financial Group
Financial Advisor
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FAQs
What type of property is this?
Mixed-use property - 20,400 SF mixed-use property with retail, office, and apartments.
Where is this mixed-use property located?
The property is located at 7040 NE 14th St Ankeny, IA.
What is the asking price?
The asking price for this property is $3,417,227.
What are key features of this property?
This property features: 20,400 SF Mixed‑Use Development Property; Features three retail/office spaces and six apartments; Two 3,300 SF Flex Buildings
