Financial
Distress signals
Property profile

1810 SW Magazine Rd Ankeny, IA 50023

FOR LEASE
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Property ID
US25-0919396
42,649 SF 3.18 ac lot Built 2021
Last sale Jan 2021 · $789,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A two-story office building in Ankeny, completed in 2022, totaling 42,649 square feet on 3.18 acres of land. The first floor contains 6,792 square feet and the second floor contains 10,262 square feet, with space configured for leased office use totaling 17,236 square feet. The first-floor area has been renovated, while the second-floor suites were left unfinished to allow interior buildout. The property is zoned PUD and includes large window lines throughout the office areas, providing

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax

What does the county charge?
Assessed value · 2023$7.11M
Assessed land$1.18M
Assessed improvement$5.93M

Value estimate

· Sep 2026
$785k
$707k – $864k
AI approach$1.02M
NOI build-up
Gross scheduled income$3.25M
Vacancy & credit loss−$257k
Operating expenses−$450k
NOI · 11,580,486.36% cap applied$2.55M

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$144/SF
ZIP average, outlier-cleaned · 34 recorded sales of this use type
Observed band · Q1–Q3$84 – $204
Qualifying comparables3

Cap rate analysis

How does the asset earn?
11,580,486.36%
$2.55M estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionPOLK

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store12.3
Dental Office10.8
Law Firm10.4

Location

1810 SW Magazine Rd Ankeny, IA 50023
County assessor Recorded deeds · 2 transfers 3 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1513 Ankeny, Ankeny, IA 50023-4167 $835,000 Dec 2025 15,115 SF
301 Oralabor, Ankeny, IA 50023-9546 $1,562,500 Feb 2024 27,000 SF
2405 Ankeny, Ankeny, IA 50023-4711 $415,000 May 2022 11,264 SF
1605 Ankeny, Ankeny, IA 50023-4163 $1,300,000 Dec 2021 15,200 SF
1255 Ankeny, Ankeny, IA 50023-4008 $2,300,000 Nov 2021 13,334 SF
1201 State, Ankeny, IA 50023-2671 $2,875,000 Dec 2020 17,487 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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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?”
More about this property
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