Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Ankeny Flex Space Available Title is generated by Realmo AI

    1450 NE 69th Pl, Ankeny, IA 50021

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

    2,400 SF flex space for lease in Ankeny, Iowa.

    Type:Industrial
    Property size:
    2,400 SF
    Added:
    Jun 29, 2023
    Days on Market:
    1054
    Last Refresh:
    Mar 17 at 1:19 pm

    Property Features for 1450 NE 69th Pl

    General Information

    Standard status
    Active
    Size
    2,400 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    1999

    Spaces For Lease

    at 1450 NE 69th Pl Contact us

    Suite 51 $10/Mo

    Size
    2,400 SF
    Type
    Industrial
    $10.00 PSF/NNNnOperating Expenses: $3.54 PSFn14' Drive-In Doors & Dock DoornHeated...
    show more
    Contact us

    We can help!

    Listing Contact
    Darcy Gill
    Darcy Gill

    Listing agent Darcy Gill License #IA S56688000

    Listing office Denny Elwell Company

    Listing date Jun 29, 2023

    Source Crexi

    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

    HighLights

    • Easy access to I‑35/I‑80
    • 2,400 SF flex space
    • Features 14' drive‑in doors and a dock door
    • Heated and lit warehouse
    • Zoned light industrial
    • Located in unincorporated Polk County

    Overview

    This flex space, designated as Suite 52, offers 2,400 square feet and is available for lease at $10.00 per square foot, with NNN operating expenses of $3.54 per square foot. The space features 14-foot drive-in doors and a dock door, along with a heated and lit warehouse area. The property is part of a 150,000 square foot flex space development. Zoned for light industrial use, the property provides convenient access to I-35 and I-80 and is located in unincorporated Polk County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Iowa for Jesus Network Factory Copac USA, LLC Industrial Manufacturer Kirby's Moving & Storage ... Moving Company Rubio's Cleaning Services,LLC Hardware & Home Improvement Screenbuilders of Ankeny General Contractor

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Auto Repair Shop Big Box & Wholesale Store Hair Salon Nail Salon Hotel & Motel Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Ankeny
    County
    Polk
    State
    Iowa
    Longitude
    -93.6000305
    Latitude
    41.6868448

    Nearby Similar for Lease

    • $24 SF/Yr
      1,790 SF

      Retail and Office Space Available

      Retail and office spaces for rent in growing Ankeny, Iowa.
      1615 SW Main St, Ankeny, IA
      View Details
    • $16 SF/Yr
      4,000 SF

      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
      17,236 SF

      Modern Office Space in Ankeny

      Class A office space available for lease in Ankeny, Iowa.
      1808 Southwest Magazine Road, Ankeny, IA, 50023
      View Details
    • $10 SF/Yr
      1,200 SF

      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
      1,280 SF

      Ankeny Flex Space For Lease

      Flex space available in Ankeny with easy highway access.
      1465 NE 69th Pl, Ankeny, IA
      View Details
    • $26 SF/Yr
      115 SF

      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
      11,302 SF

      Office Space in Ankeny, Iowa

      11,302 SF office space available for lease.
      2401 SE Tones Dr, Ankeny, IA
      View Details
    • $25 SF/Yr
      1,300 SF

      Ankeny Retail Space For Rent

      Retail space available in front of Target development in Ankeny.
      2005 SE Delaware Ave, Ankeny, IA
      View Details
    • $20 SF/Yr
      1,718 SF

      Retail Space in Plaza Shoppes

      Retail space available in high-traffic Ankeny shopping center.
      2510 SW White Birch Dr, Ankeny, IA
      View Details
    • $18 SF/Yr
      610 SF

      Retail Space in Ankeny Center

      610 SF retail space available in Ankeny, Iowa.
      308-324 S Ankeny Blvd, Ankeny, IA
      View Details
    • $5 SF/Yr
      89,356 SF

      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
      7,540 SF

      Ankeny Office Space Available

      Office space available for rent in Ankeny, Iowa.
      1551 Southwest Prairie Trail Parkway, Ankeny, IA, 50023
      View Details

    FAQs

    What type of property is this?
    Flex space - 2,400 SF flex space for lease in Ankeny, Iowa.
    Where is this flex space located?
    The property is located at 1450 NE 69th Pl Ankeny, IA.
    What are key features of this property?
    This property features: Easy access to I‑35/I‑80; 2,400 SF flex space; Features 14' drive‑in doors and a dock door
    (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: IA 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

    Thank You for Inquiry
    1450 NE 69th Pl, Ankeny, IA 50021
    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!