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Property profile & analytics
FOR LEASE
Day care centers
1606 NW Irvinedale Dr Ankeny, IA 50023
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US25-0154837
For Lease
1 / 2
$18 SF/Yr
1606 NW Irvinedale Dr, Ankeny, IA 50023
View Listing →
Property summary
AI-generated overview
This exceptional Class A, single-story commercial property, built in 2020, is located at 1606 NW Irvinedale Drive, Ankeny, IA 50023, at the intersection of NW Irvinedale & NW 18th ST. The 12,960 square foot building sits on a 2.297-acre lot and offers flexible space ideal for medical or creative office uses. Currently, 10,945 square feet are vacant, divisible into units ranging from 4,705 to a maximum contiguous 6,240 square feet. The property features two suites, ample parking with 90 spaces, and is zoned C-2 General Retail & Highway Oriented Commercial Business District (APN: 181/00424-980-041). The building boasts a modern design and includes features previously used as classrooms, a kitchen, laundry room, reception area, administrative space, and a large open area. Property taxes are $5.93 per square foot. This prime Ankeny location offers excellent visibility and accessibility. No elevators are present.
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
2020
Construction
FRAME
Total area
12,960 SF
Lot
2.3 ac (100,057 SF)
APN
181/00424-980-041
UPID
US25-0154837
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
-
Ziggi's Coffee Cafe & Coffee Shop
-
Little Jungle Safari Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$525k
Owner & transaction history
1606 Nw Irvinedale Dr LLC
1606 Nw Irvinedale Dr LLC
since 2026
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Ankeny submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ankeny submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$41 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$76
Tax year 2020
Assessed value
$2,800,000
Assessed 2023
Previous assessed
$2,800,000
+0.0% YoY
Effective rate
0.00%
On assessed value
Assessed land
$329,000
Assessed improvement
$2,471,000
Land market value
$329,000
Improvement market value
$2,471,000
Total market value
$2,800,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
For Lease
Year built
2020
Construction
FRAME
Buildings
1
Stories
1
Total area
12,960 SF
Lot
2.3 ac (100,057 SF)
APN
181/00424-980-041
UPID
US25-0154837
Jurisdiction
POLK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2020
Construction
FRAME
Stories
1
Buildings
1
Lot
2.3 ac
Current owner
From public records · entity-resolved
1606 Nw Irvinedale Dr LLC
Entity
Mailing address
105 S 16TH ST, AMES, IA 50010-8009
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2026
—
1606 Nw Irvinedale Dr LLC
—
Deed
related
$1,250,000 · West Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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