Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prairie Trail Area Retail Building Title is generated by Realmo AI

    1850 SW Plaza Shops Ln, Ankeny, IA 50023

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Three-tenant building in Prairie Trail area with upscale finishes.

    Type:Office, Retail
    Property size:
    6,784 SF
    Price / SF:
    $302/SF
    Added:
    Oct 17, 2024
    Days on Market:
    597
    Last Refresh:
    May 12 at 9:37 pm

    Property Features for 1850 SW Plaza Shops Ln

    General Information

    Standard status
    Active
    Size
    6,784 SF
    Property subtype
    Office, Retail

    Building Details

    Year Built
    2015

    We can help!

    Listing Contact
    Darcy Gill
    Darcy Gill

    Listing agent Darcy Gill License #IA S56688000

    Listing office Denny Elwell Company

    Listing date Oct 17, 2024

    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

    • High Rate of Return: 6% on $2,050,000 sales price.
    • Move‑in Ready Office Space: 1,783 SF suite featuring a reception area, 8 private offices, breakroom, and 2 restrooms.
    • Upscale Finishes: For a high‑quality and professional environment.
    • Ample Parking: Convenient for tenants and visitors.
    • Modern Construction: Built in 2015.
    • Prime Location: Situated in the Prairie Trail area, west of HyVee.

    Overview

    This 6,784 square foot, three-tenant building is located west of HyVee in the Prairie Trail area. Suite D is available, offering 1,783 square feet of space. The suite includes a reception area, eight private offices, a breakroom, and two restrooms. The property features upscale finishes and ample parking.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Map

    City
    Ankeny
    County
    Polk
    State
    Iowa
    Longitude
    -93.6227
    Latitude
    41.7196

    Nearby Similar for Sale

    • Contact for pricing
      1,506 SF

      Office Space in Vintage Business Park

      Office space available for lease or purchase in Ankeny, IA.
      1930 SW Magazine Rd, Ankeny, IA 50023
      View Details
    • $3,800,000
      8,071 SF

      Retail Space on East 1st

      Retail space with high traffic volume on East 1st.
      810 E 1 Street, Ankeny, IA 50021
      View Details
    • $2,500,000
      25,600 SF

      32-Unit Multifamily Community in Ankeny, Iowa

      Well-maintained 32-unit apartment complex in Ankeny, Iowa.
      218 Northwest State Street, Ankeny, IA, 50023
      View Details
    • Contact for pricing
      10,782 SF

      Ankeny, IA KinderCare Opportunity

      KinderCare in Ankeny, IA (Des Moines MSA) for sale.
      3055 N Ankeny Blvd, Ankeny, IA 50021
      View Details
    • $4,232,000
      10,782 SF

      Retail Space Available for Purchase

      Retail space for sale, approximately 10782 square feet.
      3055 N Ankeny Blvd, Ankeny, IA 50021
      View Details
    • Contact for pricing

      Trilein Village Apartments For Sale

      54-unit apartment community in Ankeny, Iowa.
      317 Northeast Trilein Drive, Ankeny, IA, 50021
      View Details
    • $120,000
      1,229 SF

      Independent Senior Living Cooperative Unit

      Independent senior living cooperative unit with recent updates and amenities.
      1370 SW Magazine Road #116, Ankeny, IA 50023,
      View Details
    • Contact for pricing
      8,832 SF

      New Retail Space in Ankeny

      Class A retail space in a newly constructed shopping center.
      2575 SE Hulsizer Rd, Ankeny, IA
      View Details
    • $172,000
      1,214 SF

      Spacious Condo with Modern Updates

      Updated ground floor condo with three bedrooms and detached garage.
      1107 NE 5th Lane #5, Ankeny, IA 50021
      View Details
    • $117,500
      750 SF

      Ankeny 55+ Community Condo

      Well-maintained 1 bed, 1 bath condo in vibrant community.
      409 SE Delaware Avenue #207, Ankeny, IA 50021,
      View Details
    • $2,000,000
      6,656 SF

      Prairie Trail Area Office/Retail

      6,656 SF office/retail building in Prairie Trail area.
      1910 SW Plaza Shops Ln, Ankeny, IA
      View Details
    • $2,050,000
      6,784 SF

      Leased Retail Property in Ankeny

      Fully leased retail investment property in a high-traffic area.
      1850 SW Plaza Shops Ln, Ankeny, IA
      View Details

    FAQs

    What type of property is this?
    Office units - Three-tenant building in Prairie Trail area with upscale finishes.
    Where is this office units located?
    The property is located at 1850 SW Plaza Shops Ln Ankeny, IA.
    What is the asking price?
    The asking price for this property is $2,050,000.
    What are key features of this property?
    This property features: High Rate of Return: 6% on $2,050,000 sales price.; Move‑in Ready Office Space: 1,783 SF suite featuring a reception area, 8 private offices, breakroom, and 2 restrooms.; Upscale Finishes: For a high‑quality and professional environment.
    (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
    1850 SW Plaza Shops Ln, Ankeny, IA 50023
    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!