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Property profile & analytics
OFF-MARKET Estimated value $545,000
Strip malls

225 Oralabor Rd Ankeny, IA 50021-9117

14,528 SF 1.77 ac lot Built 1996
Entity Owned 3-yr Hold Free & Clear
Property ID
US25-0424306
Property summary
AI-generated overview

This exceptional 14,528 square foot retail strip center, situated on a 3.52-acre lot at 225 SE Oralabor Rd, Ankeny, IA 50021, presents a unique investment opportunity. Built in 1996, this single-story Class B building boasts a prominent location with high visibility from Oralabor Road, experiencing daily traffic of 23,000 vehicles. Currently, 2,906 square feet of space is available for lease within this multi-tenant property. The property is zoned C-2 and enjoys convenient access from the Ankeny Blvd and Oralabor intersection, making it easily accessible throughout Ankeny. Its strategic location within a thriving commercial area, surrounded by established businesses such as Fareway, Pizza Ranch, Urban Air, Scooters, and Great Southern Bank, ensures high foot traffic and strong brand visibility. This property offers a compelling opportunity for businesses seeking a well-positioned retail space in a rapidly growing Ankeny neighborhood. The property is located in Polk County, within the IA - Ankeny submarket.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1996
Construction STEEL FRAME
Total area 14,528 SF
Lot 1.77 ac (77,101 SF)
Zoning code C-2
APN 181/00553-070-626
UPID US25-0424306
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
  • Springwood Center Shopping Center & Mall
  • Fit To Be Tied Shoes of Ankeny Clothing & Fashion Store (Bike/Boat/Book/etc) Store
  • China Moon Restaurant Restaurant
  • Ankeny Smiles Dental Office
  • Dr. Kimberly Zimmerman Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$335k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$545k
Owner & transaction history
Rogers Six INC · 3 yrs held
Rogers Six INC
since 2023
4 recorded transactions
2023
Price N/A
2022
$4.9M
2021
Price N/A
2019
$507,000
Zoning & alternative use
C-2 · Ankeny, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

192.09 C-2 GENERAL RETAIL, HIGHWAY ORIENTED, AND CENTRAL BUSINESS COMMERCIAL DISTRICT. The C-2 District is intended to provide for major retail shopping areas outside the downtown area. These districts include, as well, much of the strip commercial property existing along the major streets and highways of the City. The uses permitted are intended to accommod…

Zone name General Retail Highway Oriented And Central Business Commercial
General category COMMERCIAL
Zone area 1,447.00 ac
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