Property profile

335 Oralabor Rd Ankeny, IA 50021

OFF-MARKET
Investment properties
Property ID
US25-2574660
17,360 SF 2.4 ac lot Built 2006
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 17,364-square-foot creative office building, located at 335 SE Oralabor Rd in Ankeny, Iowa, presents a compelling owner-user opportunity. The single-story, Class B building, constructed in 2002 and extensively renovated in 2018, sits on a 2.4-acre lot zoned C-2. Boasting 13'-16' ceiling heights and two convenient drive-in bays, the property offers a desirable blend of office and warehouse space, ideal for a variety of businesses. Recent upgrades include new carpeting, fresh paint, modernized restrooms, and improved lighting throughout. The property's prime location in Ankeny's Northwest submarket provides excellent visibility and accessibility, situated adjacent to a high-traffic road (21,092 daily traffic count) and within one mile of I-35 and one block from Highway 69. The current tenant lease covers the entire building and expires July 1, 2025, offering a short-term leasehold for an owner-user or a potential investment opportunity with a future vacancy. The asking price is $2,500,000, translating to $143.98 per square foot. This property offers a unique combination of modern amenities, strategic location, and significant potential for growth within a thriving commercial area.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 2006
Construction STEEL FRAME
Total area 17,360 SF
Lot 2.4 ac (104,588 SF)
Zoning code C-2
APN 181/00553-070-663
UPID US25-2574660

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Engineer Engineering Consultant
  • General Contractor

Location

335 Oralabor Rd Ankeny, IA 50021-9314
Ankeny metro Census 10214 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.65M
Comparable Approach Comparable
$2.74M
Blend (final) Blend
$2.22M

Owner & transaction history

since 2025
Last sale
$2.1M
6 recorded transactions
2025
$2.1M
2019
Price N/A
2018
$1.2M
2017
Price N/A
2012
$1.8M
2006
$1.4M

Zoning & alternative use

C-2 · Ankeny, IA
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,…

General category COMMERCIAL
Top alternative use upside
Restaurant $3.0M +20.1%
Auto repair, garage $2.7M +8.4%
Medical building $2.6M +5.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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