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    2575 Hulsizer Dr Ankeny, IA 50021
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    2575 Hulsizer Dr, Ankeny, IA 50021

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    • Retail properties & Spaces
    • 4,299 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 2575 Hulsizer Dr

    Year built
    2019
    Property type
    Retail properties & Spaces

    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

      4575 Delaware Ave

      Land
      4575 Delaware Ave, Ankeny, IA 50021
      View Details
    • Value Estimation
      $900,000
      7,592 SF

      801 1st St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      801 1st St, Ankeny, IA 50021-2058
      View Details
    • Value Estimation
      $730,000
      6,148 SF

      2605 Delaware Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      2605 Delaware Ave, Ankeny, IA 50021-4597
      View Details
    • Value Estimation
      $1,155,000
      9,722 SF

      875 Oralabor Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      875 Oralabor Rd, Ankeny, IA 50021-4008
      View Details
    • Value Estimation by Request
      4,026 SF

      1685 Delaware Ave

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

      310 Delaware Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      310 Delaware Ave, Ankeny, IA 50021-6600
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1 SF

      Land For Sale

      Land available for sale.
      4575 SE Delaware Ave, Ankeny, IA 50021
      View Details
    • Contact for pricing

      Ankeny Bar and Grill For Sale

      Turn key bar and grill with excellent visibility.
      Business For Sale, Ankeny, IA 50021
      View Details
    • Contact for pricing

      Springwood Development Land Opportunity

      Land available in established Springwood Development near Oralabor Road.
      2813 S Ankeny Blvd, Ankeny, IA 50021
      View Details
    • Contact for pricing
      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

      Ankeny Land Ideal for Development

      Land with high traffic, ideal for showroom, industrial, office.
      2502 SE Hulsizer Rd, Ankeny, IA 50021
      View Details
    • Contact for pricing
      8,071 SF

      Retail Space on East 1st

      Retail space with high traffic volume on East 1st.
      810 E 1St St, Ankeny, IA 50021
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,388 SF

      Restaurant Space For Rent

      Restaurant space available with kitchen, restrooms, and seating.
      833 E 1St St, Ankeny, IA 50021
      View Details
    • Contact for pricing

      3625 SE Delaware Ave, Ankeny, IA 50021

      Commercial land
      3625 SE Delaware Ave, Ankeny, IA 50021
      View Details
    • Contact for pricing
      1,581 SF

      Ankeny Restaurant/Retail/Office Space Available

      Restaurant, retail, and office spaces available in Ankeny, Iowa.
      1535 SW Market St, Ankeny, IA 50021
      View Details
    • Contact for pricing
      2,350 SF

      Retail Space with I-35 Access

      2,350 SF retail space with high traffic and access.
      909 SE Oralabor Rd, Ankeny, IA 50021
      View Details
    • Contact for pricing
      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
    • Contact for pricing
      1,488 SF

      Retail and Office Space Available

      Retail and office spaces for rent in growing Ankeny, Iowa.
      1615 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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