Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    405 SE Magazine Rd Ankeny, IA 50021

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Flex space featuring office and warehouse areas available for lease.

    Type:FLEX_R_AND_D
    Property size:
    2,450 SF
    Lot size:
    2.80 Acres
    Added:
    May 15, 2023
    Days on Market:
    1082
    Last Refresh:
    Apr 5 at 8:22 pm

    Property Features for 405 SE Magazine Rd

    General Information

    Standard status
    Active
    Size
    2,450 SF
    Lot size
    2.80 Acres
    Property subtype
    FLEX_R_AND_D

    Spaces For Lease

    at 405 SE Magazine Rd Contact us

    We can help!

    Listing Contact
    Darcy Gill
    Darcy Gill

    Listing agent Darcy Gill License #S56688000

    Listing office Denny Elwell Company

    Listing date May 15, 2023

    Source Moodyscre

    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

    Overview

    Ankeny Flex Space For Rent

    This flex space in Ankeny, Iowa, offers a total area of 2,450 square feet. The property is zoned M-1 Light Industrial and features steel frame construction. The space includes 735 square feet of office area and 1,715 square feet of warehouse area. The office space is available at $13.50 per square foot (NNN), while the warehouse space is offered at $10.50 per square foot (NNN). The building features 18-foot clear ceiling heights and is fully sprinkled. It also includes a 12’x14’ overhead door. Operating expenses are $5.00 per square foot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Nick Jarosh Fitness Gym & Fitness Center Exterior Worx Roofing Company ETS Performance Ankeny Gym & Fitness Center

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ankeny
    County
    Polk
    State
    Iowa
    Longitude
    -93.5939
    Latitude
    41.7169

    Nearby Similar for Lease

    • $16 SF/Yr

      Ankeny Office Space For Rent

      Office space in Ankeny, IA, with excellent visibility and accessibility.
      101 NE Trilein Dr, Ankeny, IA 50021
      View Details
    • $22 SF/Yr

      Modern Office Space in Ankeny

      Class A office space available for lease in Ankeny, Iowa.
      1808 Southwest Magazine Road, Ankeny, IA, 50023
      View Details
    • $24 SF/Yr

      Retail and Office Space Available

      Retail and office spaces for rent in growing Ankeny, Iowa.
      1615 SW Main St, Ankeny, IA
      View Details
    • $26 SF/Yr

      Executive Office Suites For Rent

      Street-level executive office suites in Ankeny Area Chamber of Commerce.
      1631 SW Main St, Ankeny, IA
      View Details
    • $12 SF/Yr

      Office Space in Ankeny, Iowa

      11,302 SF office space available for lease.
      2401 SE Tones Dr, Ankeny, IA
      View Details
    • $5 SF/Yr

      Ankeny Warehouse with Office Space

      89,356 SF warehouse featuring offices, docks, and drive-in door.
      6150 Southeast Rio Circle, Ankeny, IA, 50021
      View Details
    • $24 SF/Yr

      Ankeny Office Space Available

      Office space available for rent in Ankeny, Iowa.
      1551 Southwest Prairie Trail Parkway, Ankeny, IA, 50023
      View Details
    • $10 SF/Yr

      Retail Space on West 1st

      Retail space available on a major thoroughfare in Ankeny, IA.
      2202 W 1st St, Ankeny, IA
      View Details
    • $10 SF/Yr

      Flex/Industrial Space For Lease

      Flex/industrial space available for lease in Ankeny, Iowa.
      7042 NE 14th St, Ankeny, IA
      View Details
    • $10 SF/Yr

      Ankeny Flex Space For Lease

      Flex space available in Ankeny with easy highway access.
      1465 NE 69th Pl, Ankeny, IA
      View Details
    • $13 SF/Yr

      Retail Space in Ankeny Center

      800 SF retail space in a visible community shopping center.
      502 North Ankeny Boulevard, Ankeny, IA, 50023
      View Details
    • $25 SF/Yr

      Ankeny Retail Space For Rent

      Retail space available in front of Target development in Ankeny.
      2005 SE Delaware Ave, Ankeny, IA
      View Details

    FAQs

    What type of property is this?
    Flex space - Flex space featuring office and warehouse areas available for lease.
    Where is this flex space located?
    The property is located at 405 SE Magazine Rd Ankeny, IA.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: M‑1 Light Industrial Zoning offers versatile usage options.; 1715 SF Warehouse space with **18’ Clear Ceiling Heights** suitable for various storage/operational needs.; **12’x14’ Overhead Door** facilitates easy loading and unloading.
    (515) 964-1587 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Darcy Gill
    Darcy Gill
    Real Estate License ID: S56688000
    Learn More
    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.
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!