Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Four Mile Dr Ankeny, IA 50021
    Property profile & analytics

    Four Mile Dr, Ankeny, IA 50021

    View on Map
    • Warehouses
    • 307,800 SF
    • 22.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 0 Four Mile Dr

    Lot size
    22.00 lot acres
    Property type
    Warehouses
    Property subtype
    Land

    Description

    This exceptional 22-acre industrial land parcel in Ankeny, Iowa, presents a unique opportunity for build-to-suit development. Located at the intersection of SE Oralabor and SE Four Mile Drive, this M-1 zoned property offers unparalleled access to Interstate 35, providing seamless connectivity to major transportation arteries. The site boasts ample space for a substantial industrial, distribution, or warehouse facility, with potential for up to 307,800 square feet of construction. The property features existing infrastructure including 30 loading docks and 246 parking spaces. Building designs can accommodate flexible layouts, taking advantage of ceiling heights ranging from 32 to 36 feet. This strategic location offers convenient access to key regional markets, including Ames (28 miles), Cedar Rapids (115 miles), Omaha (140 miles), Kansas City (202 miles), and Minneapolis (235 miles). The property is currently vacant and available for sale under a NNN lease structure. The sale price and lease rates are negotiable. This is an exceptional opportunity to acquire a large, well-located industrial land parcel in a thriving Iowa market. Contact for pricing and lease terms.

    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
    -93.5608
    Latitude
    41.7028

    Comparable in this City

    • Value Estimation by Request
      115,500 SF

      6550 Four Mile Dr

      Distribution properties
      6550 Four Mile Dr, Ankeny, IA 50021
      View Details
    • Value Estimation by Request
      300,000 SF

      7055 Delaware Ave

      Distribution properties
      7055 Delaware Ave, Ankeny, IA 50021
      View Details
    • Value Estimation by Request
      180,000 SF

      7055-7125 Delaware Ave

      Distribution properties
      7055-7125 Delaware Ave, Ankeny, IA 50021
      View Details
    • Value Estimation by Request
      7.04 Acres

      Ankeny IA Delaware Ave

      Land
      Ankeny IA Delaware Ave, Ankeny, IA 50021
      View Details
    • Value Estimation by Request
      5.45 Acres

      2210 Creekview Dr

      Land
      2210 Creekview Dr, Ankeny, IA 50021
      View Details
    • Value Estimation by Request
      5.50 Acres

      2210 Creekview Dr

      Land
      2210 Creekview Dr, Ankeny, IA 50021
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale

      Land available for sale.
      5025 SE Delaware Ave, Ankeny, IA 50021
      View Details
    • Contact for pricing
      1 SF

      Land For Sale

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

      Land For Sale

      Land available for sale.
      118th Ave & East of I-35, Ankeny, IA 50021
      View Details
    • Contact for pricing

      Land Available For Sale

      Land available for sale.
      Ankeny SE Delaware Ave, Ankeny, IA 50021
      View Details
    • $999,702
      2.70 Acres

      Ankeny Commercial Land - 2.7 Acres

      Prime Ankeny land, office park zoning.
      0 Corporate Woods Dr, Ankeny, IA 50021
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      60,000 SF

      I-35 Distribution Center Space

      New speculative industrial development with easy interstate and airport access.
      7055-7125 SE Delaware Ave, Ankeny, IA 50021
      View Details
    • Contact for pricing
      204,750 SF

      Modern Distribution Center Available

      New construction distribution center with excellent I-35 access.
      SE Four Mile Dr, Ankeny, IA 50021
      View Details
    • Contact for pricing
      104,000 SF

      Ankeny Warehouse with Dock Doors

      104,000 SF warehouse in Ankeny with 33 dock doors.
      802 SE Shurfine Dr, Ankeny, IA 50021
      View Details
    • Contact for pricing
      115,500 SF

      New Industrial Space Available

      High-quality industrial warehouse/distribution space with excellent access to major interstates.
      6550 SE Four Mile Dr, Ankeny, IA 50021
      View Details
    • Contact for pricing
      26,520 SF

      New Industrial Space Available

      26,000 SF industrial space with excellent highway access.
      7305 SE Crosswinds Dr, Ankeny, IA 50021
      View Details
    • Contact for pricing
      1,939 SF

      Flex Space with Drive-In Door

      Shell space available for rent with drive-in door.
      117 SE Lorenz Dr, Ankeny, IA 50021
      View Details
    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.
    Four Mile Dr
    Ankeny, IA 50021
    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
    Four Mile Dr, Ankeny, IA, 50021
    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!