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    1850 Plz Shops Ln Ankeny, IA 50023

    Sponsored
    For Sale
    $2,050,000

    High-return Ankeny storefront, 100% occupied.

    Property size:
    6,784 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Ankeny, Iowa storefront investment property, located at 1850 SW Plaza Shops Lane, offers a compelling opportunity for investors seeking strong returns. The 6,784 square foot building, constructed in 2015, sits on a 0.58-acre lot and boasts a 6.00% cap rate. Currently 100% occupied with triple-net (NNN) leases, this single-story building is zoned PUD. Situated in the desirable Prairie Trail area, west of HyVee, the property features upscale finishes and ample parking. The asking price is $2,050,000, presenting a solid investment with a proven track record. The property's APN is 181-15775104001 and is suitable for a 1031 exchange. This turnkey investment offers immediate cash flow and significant upside potential in a thriving Ankeny location. The property consists of one building and is conveniently located in Polk County, Iowa, zip code 50023.

    Property Features for 1850 Plz Shops Ln

    General Information

    Property type
    Individual retail properties
    Square Feet
    6,784 SF
    Lot Size
    25,265 SF

    Building Details

    Year Built
    2015
    Buildings
    1
    Stories
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Ankeny
    County
    Polk
    State
    Iowa
    Longitude
    -93.625660494773
    Latitude
    41.704198943082

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    FAQs

    What type of property is this?
    Individual retail property - High-return Ankeny storefront, 100% occupied.
    Where is this individual retail property located?
    The property is located at 1850 Plz Shops Ln Ankeny, IA.
    What is the asking price?
    The asking price for this property is $2,050,000.
    Request Owner's contact information
    1850 Plz Shops Ln Ankeny, IA 50023
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    Realmo Value Estimation

    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.

    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.

    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
    1850 Plz Shops Ln Ankeny, IA 50023
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