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Property profile & analytics
OFF-MARKET Estimated value $3,805,000
Investment properties

2325 State St Ankeny, IA 50023-7135

20,618 SF 2.47 ac lot Built 2013
Entity Owned 11-yr Hold Free & Clear
Property ID
US25-0669294
Property summary
AI-generated overview

This exceptional 12,000 square foot traditional office space in Ankeny, Iowa, offers a fantastic opportunity for businesses seeking a modern and convenient location. The property features multiple private offices, a well-equipped conference room, a dedicated training room or open work area, and a spacious break room, providing ample space for a variety of needs. The building boasts ample front door parking, a significant advantage for employees and clients. Strategically located within Ankeny's thriving Prairie Trail development, this office space enjoys unparalleled access to a vibrant mix of restaurants, shopping, and entertainment options at the District at Prairie Trail, all within easy walking distance. Ankeny itself is experiencing remarkable growth, currently ranked as the 10th fastest-growing city in the United States, according to the U.S. Census Bureau, ensuring a dynamic and expanding market for your business. The space is immediately available, with occupancy possible within 30 days. Estimated 2024 expenses are $9.86 per square foot. This is a rare opportunity to secure a prime office space in one of Iowa's most desirable and rapidly growing communities. The property is currently available for lease as a single, 12,000 square foot unit.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 2013
Construction STEEL FRAME
Total area 20,618 SF
Lot 2.47 ac (107,550 SF)
Zoning code PUD
APN 181/15500-001-000
UPID US25-0669294
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
  • JAIME REEDHOLM, REALTOR®️ Keller Williams Realty Ankeny Metro • Iowa Real Estate Agency
  • C.H. Robinson Logistics Company Freight Service
  • Roginia Moore Homes/Keller Williams Ankeny Metro Real Estate Agency
  • Kyle Johnson Real Estate Team Real Estate Agency
  • Artesa Homes Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.14M
Comparable Approach Comparable
$4.20M
Blend (final) Blend
$3.81M
Owner & transaction history
Golden Furrow Fertilizer INC · 11 yrs held
Golden Furrow Fertilizer INC
since 2014
1 recorded transaction
2014
$3.8M
Zoning & alternative use
PUD · Ankeny, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $3.6M +19.2%
Auto repair, garage $3.2M +7.5%
Medical building $3.1M +4.5%
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