Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1315 Oralabor Rd Ankeny, IA 50023
    Back to Search
    Property profile & analytics

    1315 Oralabor Rd, Ankeny, IA 50023

    View on Map
    • Retail properties & Spaces
    • 10,236 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Jimmy John's / Take-out & Catering / Catering Service
    • Glazed Expressions / Hardware & Home Improvement / Building Supply
    • Blend & Bright Salon Spa / Hair Salon
    • Styling By Tess / Hair Salon
    • Flame Cantina / Restaurant

    Property Details for 1315 Oralabor Rd

    Year built
    2013
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional 2,524 square foot executive office space is situated within the Shops at Tradition II, a single-story building constructed in 2013. Located at 1315 SW Oralabor Rd, Ankeny, IA 50023, this property boasts a highly visible location just east of State Street/Second Avenue and south of Prairie Trail, offering excellent access and exposure. The entire Shops at Tradition II complex encompasses 10,236 square feet on a 2.85-acre lot, zoned PUD (Planned Unit Development). The building features a total of 6.73 parking spaces per 1,000 square feet. This particular space is part of a multi-tenant building and offers a "vanilla box" finish, providing flexibility for tenant build-out. Each bay provides generous depth of 70 feet. A key advantage is the inclusion of a grease interceptor, beneficial for various business types. The property's Polk County location within the IA - Ankeny submarket makes it an attractive option for businesses seeking a strategic presence in this thriving area. The property's APN is 181-00424990061.

    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
    -93.617
    Latitude
    41.7018

    Comparable in this City

    • Value Estimation by Request
      36,838 SF

      1465 Park Sq Dr

      Restaurants
      1465 Park Sq Dr, Ankeny, IA 50023
      View Details
    • Value Estimation by Request
      6,656 SF

      1910 Plz Shops Ln

      Individual retail properties
      1910 Plz Shops Ln, Ankeny, IA 50023
      View Details
    • Value Estimation by Request
      18,911 SF

      1345 Park Sq Dr

      Office Spaces
      1345 Park Sq Dr, Ankeny, IA 50023
      View Details
    • Value Estimation by Request
      6,784 SF

      1850 Plz Shops Ln

      Individual retail properties
      1850 Plz Shops Ln, Ankeny, IA 50023
      View Details
    • Value Estimation by Request
      2,179 SF

      1631 Main St

      Retail properties & Spaces
      1631 Main St, Ankeny, IA 50023
      View Details
    • Value Estimation
      $660,000
      5,572 SF

      295 Oralabor Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      295 Oralabor Rd, Ankeny, IA 50023-9503
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      9 Acre Development Parcel Ankeny

      9 acre development parcel for mixed-use, office, retail, restaurant.
      508 NW 36Th St, Ankeny, IA 50023
      View Details
    • Contact for pricing
      4,272 SF

      Ankeny Executive Office Building

      Prime Ankeny location, 4,272 SF office space
      306 Ankeny Blvd, Ankeny, IA 50023
      View Details
    • Contact for pricing

      Land and Retail Opportunity

      Land available for retail development.
      NW 18Th St, Ankeny, IA 50023
      View Details
    • $2,350,000
      14,032 SF

      Ankeny Office Building: Prime Location

      Modern Office Building, 14,032 SF, High Visibility
      2825 Ankeny Blvd, Ankeny, IA 50023
      View Details
    • Contact for pricing
      6,784 SF

      Prairie Trail Area Retail Building

      Three-tenant building in Prairie Trail area with upscale finishes.
      1850 SW Plz Shops Ln, Ankeny, IA 50023
      View Details
    • Contact for pricing
      6,358 SF

      7040 NE 14th St, Ankeny, IA 50023

      Mixed-use properties
      7040 NE 14Th St, Ankeny, IA 50023
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail and Office Space Available

      Retail and office spaces with high visibility and accessibility.
      1315 SW Oralabor Rd, Ankeny, IA 50023
      View Details
    • Contact for pricing

      Ankeny Commercial Space Available

      Commercial space for rent in Ankeny, Iowa.
      1345 SW Park Sq Dr, Ankeny, IA 50023
      View Details
    • $14 SF/Yr
      4,272 SF

      Ankeny Office Building For Sale

      Prime Ankeny location, 4,272 sq ft office space.
      306 Ankeny Blvd, Ankeny, IA 50023
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space with Outdoor Patio

      2,000 SF retail space with grease interceptor access.
      1802 N Ankeny Blvd, Ankeny, IA 50023
      View Details
    • Contact for pricing

      Retail Space in Prairie Trail

      Retail, restaurant, and hospitality opportunities in Ankeny's Prairie Trail.
      1615 SW Main St, Ankeny, IA 50023
      View Details
    • Contact for pricing
      1,653 SF

      Ankeny Restaurant with Drive-Thru

      Fully equipped restaurant with drive-thru in Ankeny, Iowa.
      1325 SW Oralabor Rd, Ankeny, IA 50023
      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.
    1315 Oralabor Rd
    Ankeny, IA 50023
    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
    1315 Oralabor Rd, 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!