Office Building with Private
1601 N Ankeny Blvd Ankeny, IA 50023
1601 N Ankeny Blvd, Ankeny, IA, 50023
Contact for pricing
For Sale
Contact for pricing
Built in 1993, this office building features private offices, reception, breakroom, two restrooms, and on-site parking.
Property Size6,804 SF
Lot Size0.67 Acres
Price / SF$165.34
Days on Market170
Property Features for 1601 N Ankeny Blvd
General Information
- Standard status
- Active
- Size
- 6,804 SF
- Lot size
- 0.67 Acres
- Property subtype
- OFFICE
Listing agency
Denny Elwell Company
(515) 229-7612
Listed by
Steve Canon · License #S56688000
(515) 229-7612
Source
Moodyscre
Added: Feb 3 Updated: Jul 23 at 3:54AM Checked: Jul 23 at 3:54AM
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 6,804-square-foot office building, built in 1993, offers a mix of open space and private offices. The space includes a reception area, a kitchen/breakroom with appliances, two restrooms, and LED lighting throughout. A backup generator supports continuity for day-to-day operations, and the property is served by a large private parking lot.
The property is zoned C-2 and is conveniently located at the intersection area of N Ankeny Blvd and N 18th St in Ankeny, IA.
Designed to accommodate both collaborative and focused work, the layout balances open areas with enclosed offices, with the core amenities centrally located for day-to-day use.
The property is zoned C-2 and is conveniently located at the intersection area of N Ankeny Blvd and N 18th St in Ankeny, IA.
Designed to accommodate both collaborative and focused work, the layout balances open areas with enclosed offices, with the core amenities centrally located for day-to-day use.
Key Highlights
- 6,804 SF office building on 0.671 acres, built in 1993
- C‑2 zoning
- Layout includes reception, kitchen/breakroom (with appliances), and two restrooms
Local Financial Insights For Office B
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 | $149.4k | $21.96 |
| − Vacancy | −$29.9k | −$4.39 |
| EGI | $119.5k | $17.57 |
| − OpEx | −$29.9k | −$4.39 |
| NOI | $89.6k | $13.18 |
6,804 SF · lease $21.96/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.28M
$1.12M – $1.49M
NOI $89,650 @ 7.0% cap · market cap 7.97%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$6.55M
$5.73M – $7.64M
NOI $458,481 @ 7.0% cap · market cap 40.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
AgVision - a Cultura Company
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Built in 1993, this office building features private offices, reception, breakroom, two restrooms, and on-site parking.
Where is this office building located?
The property is located at 1601 N Ankeny Blvd Ankeny, IA.
What is the asking price?
The asking price for this property is $1,125,000.
What are key features of this property?
This property features: 6,804 SF office building on 0.671 acres, built in 1993; C‑2 zoning; Layout includes reception, kitchen/breakroom (with appliances), and two restrooms
