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Property profile & analytics
FOR LEASE
Strip malls

1325 SW Oralabor Rd Ankeny, IA 50023

15,910 SF 2.85 ac lot Built 2013
Entity Owned 19-yr Hold ~ Est. High Equity
Property ID
US25-0222125
Property summary
AI-generated overview

This exceptional 1,818 square foot retail space is available for lease within the Shops at Tradition I, a single-story, freestanding building located in Ankeny, Polk County, Iowa. Built in 2013, the property boasts a total of 15,910 square feet situated on a 2.85-acre lot (124,146 square feet). The space, Suite #216, is ideally suited for a salon or similar business, featuring existing plumbing for shampoo bowls and pedicure stations, a central vacuum system, and an 80-gallon water heater. The lease rate is $19.50 per square foot, NNN. This high-visibility location on Oralabor Road benefits from significant traffic volume and enjoys excellent co-tenancy with established businesses including The Chicken Coop, ABC Smoke, H&R Block, Ben's Burgers, Textbook Outlet, and 360 Med Spa. Its proximity to DMACC and Prairie Trail further enhances its desirability. The property is zoned Pud. This is a rare opportunity to secure a well-appointed retail space in a thriving Ankeny submarket. The building has no elevators.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2013
Construction FRAME
Total area 15,910 SF
Lot 2.85 ac (123,972 SF)
Zoning code PUD
APN 181/00680-700-201
UPID US25-0222125
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Bodywork with Tiffany Alternative Medicine Practice Spa & Massage Center
  • Chicken Coop Bar & Pub Restaurant
  • Textbook Outlet (Bike/Boat/Book/etc) Store
  • ABC SMOKE Ankeny IA (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.59M
Owner & transaction history
Godwin Group Exchange LLC · 19 yrs held
Godwin Group Exchange LLC
since 2007
5 recorded transactions
2007
Price N/A
2007
$930,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
PUD · Ankeny, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

192.15 PUD PLANNED UNIT DEVELOPMENT DISTRICT. The purpose of this district is to promote and encourage development or redevelopment of tracts of land on a planned, unified basis by allowing greater flexibility and diversification than is normally permitted by conventional single lot development in other zoning districts because of the substantial public adva…

Zone name Planned Unit Development
General category PLANNED_DEVELOPMENT
Zone area 4,882.46 ac
Top alternative use upside
Auto repair, garage $2.5M +57.5%
Medical building $2.4M +53.1%
Commercial (general) $2.3M +46.5%
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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