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    Property profile & analytics

    2575 Hulsizer Dr Ankeny, IA 50021

    • Retail properties
    • 4,299 SF
    For Lease
    View listing
    $240 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 2575 Hulsizer Dr

    Year built
    2019
    Property size
    4,299 SF
    Property type
    Retail properties

    Description

    Hawks Plaza offers exceptional Class A retail space for lease in Ankeny, Iowa. This single-story, 4,299 square foot shopping center, built in 2019, boasts a highly desirable location just one block from Oralabor Road, Ankeny's busiest thoroughfare. Three spaces are currently available, ranging from 1,260 to 1,772 square feet, providing flexibility for various retail businesses. The center benefits from its proximity to major retailers and restaurants, including a Walmart Supercenter, Olive Garden, Perkins, Holiday Inn Express, Sportsman's Warehouse, Caribou Coffee, Crumbl Cookies, McDonald's, Taco Bell, BioLife Plasma Services, Super Target, Walgreens, Menards, and Home Depot. This strategic location within Ankeny, consistently ranked among the fastest-growing cities in the United States, ensures high visibility and significant foot traffic. The modern construction and prime location make Hawks Plaza an ideal opportunity for businesses seeking to establish or expand their presence in a thriving market. The property's address is 2575 SE Hulsizer Dr, Ankeny, IA 50021.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ankeny
    County
    Polk
    State
    Iowa
    Longitude
    -93.5868
    Latitude
    41.7043

    Comparable in this City

    • Value Estimation by Request
      2.13 Acres

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    • Value Estimation
      $900,000
      7,592 SF

      801 1st St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 7,592 SF
      801 1st St, Ankeny, IA 50021-2058
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    • Value Estimation by Request
      4,026 SF

      1685 Delaware Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 4,026 SF
      1685 Delaware Ave, Ankeny, IA 50021-4511
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    • Value Estimation
      $575,000
      4,850 SF

      310 Delaware Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 4,850 SF
      310 Delaware Ave, Ankeny, IA 50021-6600
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    • Value Estimation by Request
      1 SF

      Convenience Blvd

      Land • 1 SF
      0 Convenience Blvd, Ankeny, IA 50021
      View Details
    • Value Estimation by Request

      5025 Delaware Ave

      Land
      5025 Delaware Ave, Ankeny, IA 50021
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.79 Acres

      Ankeny Retail Land: Springwood Center

      High-traffic Ankeny retail land, .79-3.5 acres.
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      View Details
    • $2,041,204
      2.13 Acres

      Ankeny Retail Land - 2.13 Acres

      Prime Ankeny retail land, C-2 zoning. High visibility location.
      4575 Delaware Ave, Ankeny, IA 50021
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    • 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 50021
      View Details
    • Contact for pricing
      24.00 Acres

      Ankeny Commercial Land - 24 Acres

      Prime Ankeny location, M-1 zoning, I-35 access.
      0 Oralabor Rd, Ankeny, IA 50021
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    • Contact for pricing
      2.75 Acres

      Ankeny Commercial Land - Two Parcels

      Prime Ankeny location, two commercial lots available.
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    • $899,732
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      Ankeny Commercial Land - I-35 Access

      Prime Ankeny land, I-35 visibility, PUD zoning.
      0 Corporate Woods Dr, Ankeny, IA 50021
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    Similar Nearby for Lease

    • $240 SF/Yr
      4,299 SF

      Hawks Plaza: Ankeny Retail Space

      Class A retail, prime Ankeny location.
      2575 Hulsizer Dr, Ankeny, IA 50021
      View Details
    • $21 SF/Yr
      1,400 SF

      Retail Space Near Major Retailers

      1,400 SF retail space near Target, Walmart, and Home Depot.
      2310 SE Delaware Ave, Ankeny, IA 50021
      View Details
    • $10 SF/Yr
      133,079 SF

      Delaware Centre: Ankeny Retail Space

      Prime Ankeny retail space, multiple suites available.
      1802 Delaware Ave, Ankeny, IA 50021
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    • Contact for pricing
      152,460 SF

      Ankeny, IA Retail Outparcel

      3.5-Acre Development Site, Ground Lease Available
      3625 Delaware Ave, Ankeny, IA 50021
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    • $25 SF/Yr
      1,300 SF

      Ankeny Retail Space For Rent

      Retail space available in front of Target development in Ankeny.
      2005 SE Delaware Ave, Ankeny, IA 50021
      View Details
    • $26 SF/Yr
      1,263 SF

      Retail Space in The District

      Retail space available in a vibrant, mixed-use community.
      1515 SW Main St, Ankeny, IA 50021
      View Details
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    Ankeny, IA 50021
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    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
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