Single-Story Office
211 SW Walnut St, Ankeny, IA 50023
For Sale
Contact for pricing
Vacant commercial office property with flexible single-tenant or multi-tenant configuration.
Property Size11,450 SF
Price / SF$0.00
Days on Market47
Property Features for 211 SW Walnut St
General Information
Standard status
Size
Class
Property subtype
Amenities
conference room
kitchenette
reception/waiting area
Building Details
Buildings
Stories
Properties For Sale
at 211 SW Walnut St
Available Space
Immediate
Floor
1st
Size
11,450 SF
Type
Off/Ret
Term
Negotiable
Listing Agency:
Des Moines
Listed By:
Nick Anderson · License #20250366
(515) 729-6015
Source:
Property.jll
Added: Sep 22
Changed: Nov 1
Last Checked: Nov 6 at 5:35AM
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 Des Moines
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Investment Insights
Based on property information with market context.
This 11,450-square-foot office building is vacant and arranged for either one occupant or multiple tenants. The single-story layout includes private offices, an open workstation area, and a glass-front conference room. A kitchenette supports daily operations, while the main lobby provides a defined reception and waiting area.
Located at 211 SW Walnut St in Ankeny, Iowa, the property offers an existing office configuration for users seeking a range of enclosed and collaborative work areas within one building.
Located at 211 SW Walnut St in Ankeny, Iowa, the property offers an existing office configuration for users seeking a range of enclosed and collaborative work areas within one building.
Key Highlights
- 11,450‑square‑foot office building
- Single‑story layout designed for single or multiple tenancy
- Private offices and open workstation area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$150,865
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,017,300
$3.0M
Cap Rate 7%
$2,155,214
$2.2M
Cap Rate 9%
$1,676,278
$1.7M
Market Conditions
NOI Build-Up for 11,450 SF
Gross rent
$251.4K $21.96/SF
− Vacancy
−$50.3K −$4.39/SF
EGI
$201.2K $17.57/SF
− OpEx
−$50.3K −$4.39/SF
NOI
$150.9K $13.18/SF
Area
Polk County, IA
Vacancy
20.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,017,300
Cap Rate 7%
$2,155,214
Cap Rate 9%
$1,676,278
Alternative Uses
Best Use
Office B
$2.16M
$1.89M – $2.51M
NOI $150,865 @ 7.0% cap · market cap 1,508,650.00%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$11.02M
$9.64M – $12.86M
NOI $771,547 @ 7.0% cap · market cap 7,715,470.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
869
Businesses Nearby
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Business Placement
Demographics for 50023, IA
43,603
Population
17,822
Households
2.4
Avg Household Size
34
Median Age
55%
College-Educated
99%
High-School Grad
21.0 sq mi
ZIP Area
2,076
Density / Sq Mi
$113,914
Median Household Income
$59,891
Median Earnings
$1,191
Median Rent
$327,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Polk County, IA
Properties on Market for Office buildings in Polk County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Vacant commercial office property with flexible single-tenant or multi-tenant configuration.
Where is this office building located?
The property is located at 211 SW Walnut St Ankeny, IA.
What are key features of this property?
This property features: 11,450‑square‑foot office building; Single‑story layout designed for single or multiple tenancy; Private offices and open workstation area
