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    225 1St St Ankeny, IA 50021

    For Sale
    $1,095,000

    7,656 SF Daycare, 100% Occupied

    Property size:
    7,656 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a single-story, 7,656 square foot daycare facility in Ankeny, Iowa, built in 1989. Currently operating at 100% occupancy, the property is leased to Cadence Academy Preschool, a nationally recognized operator with a presence in 30 states. The facility has a long operational history at this location, having served as an early childhood education center for over 11 years, with Cadence Education taking over in 2016. The property boasts a favorable Net Net (NN) lease structure, with minimal landlord responsibilities limited to roof, structure, and parking. Annual rent increases of two percent are built into the lease. Located at 225 E 1st St, Ankeny, IA 50021, the property benefits from a high-traffic location near the intersection of Ankeny Blvd and E 1st Street, boasting significant daily vehicle traffic. Its proximity to the John Deere factory further enhances its appeal. The property is zoned C1 and features one building. The asking price is $1,095,000, translating to $143.03 per square foot. This presents a strong, recession-resistant investment in a necessity-based tenant within a robust daytime workforce market, offering potentially higher returns than comparable coastal properties. The APN is 802424103004.

    Property Features for 225 1St St

    General Information

    Property type
    Schools
    Square Feet
    7,656 SF

    Building Details

    Year Built
    1989
    Buildings
    1
    Stories
    1

    HighLights

    • Nationally recognized Cadence Academy Preschool tenant operating in 30 states.
    • Daycare facility in a strong daytime workforce market with a necessity‑based tenant.
    • Net Lease (NN) with minimal landlord responsibilities (roof, structure, parking).
    • Tenant pays all taxes, CAM, and insurance.
    • Strong Midwest net lease investment offering potentially higher returns than comparable coastal properties.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cadence Academy Preschool Day Care Center

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ankeny
    County
    Polk
    State
    Iowa
    Longitude
    -93.596854890239
    Latitude
    41.731630038078

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    FAQs

    What type of property is this?
    School - 7,656 SF Daycare, 100% Occupied
    Where is this school located?
    The property is located at 225 1St St Ankeny, IA.
    What is the asking price?
    The asking price for this property is $1,095,000.
    What are key features of this property?
    This property features: Nationally recognized Cadence Academy Preschool tenant operating in 30 states.; Daycare facility in a strong daytime workforce market with a necessity-based tenant.; Net Lease (NN) with minimal landlord responsibilities (roof, structure, parking).
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    225 1St St Ankeny, IA 50021
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    Ankeny, IA 50021
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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
    225 1St St Ankeny, IA 50021
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