1808 Southwest Magazine Road, Ankeny, IA 50023
Newer Class A office with renovated first floor and unfinished second-floor suites for flexible leasing.
- Added:
- Jun 23, 2026
- Days on Market:
- 5
- Last Refresh:
- Jun 26 at 2:57 am
Property Features for 1808 Southwest Magazine Road
General Information
- Standard status
- Active
- Size
- 42,649 SF
- Lot size
- 3.18 Acres
- Property subtype
- Office
Listing office CBRE (515) 415-6120
Listing date Jun 23, 2026
Source Cbre
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 CBRE
HighLights
- Newer 42,649 SF Class A office facility built between 2021 and 2022
- 3.18‑acre site with renovated first‑floor office space for lease
- Unfinished second‑floor suites available for flexible leasing (white‑box development options)
- Two‑story Class A office construction with building and monument signage
- Existing office space available with flexible occupancy layouts for different tenant needs
Overview
The building is located at 1808 SW Magazine Rd in Ankeny, Iowa, at the provided address. The property features monument signage and modern building and infrastructure.
This setup supports tenants looking for a move-in-ready first-floor office while preserving the ability to expand or customize with second-floor white-box space. Flexible occupancy layouts may be well-suited for businesses that need to refine space planning as their operations evolve. The combination of newly constructed Class A office construction and available unfinished suites offers a practical path for companies considering both immediate occupancy and longer-term space configuration.
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 | $936.6k | $21.96 |
| − Vacancy | −$187.3k | −$4.39 |
| EGI | $749.3k | $17.57 |
| − OpEx | −$187.3k | −$4.39 |
| NOI | $561.9k | $13.18 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Ankeny
- County
- Polk
- State
- Iowa
- Longitude
- -93.624338
- Latitude
- 41.7166974
