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    3602 Otterview Cir Ankeny, IA 50021-7773

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    3602 Otterview Cir Ankeny, IA 50021-7773


    • Strip malls
    • 5,744 SF
    • 1.04 lot acres
    Off-Market
    Property ID
    US25-0468703
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $580,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Subway / Take-out & Catering / Catering Service
    • RE/MAX REAL ESTATE: Maria Landmesser / Real Estate Agency
    • Tim Scheib- REALTOR® / Real Estate Agency
    • Pollard Family Dentistry / Dental Office
    • Farmers Insurance - Kelly Bennett / Insurance Agency

    Property Details for 3602 Otterview Cir

    Year built
    2013
    Construction
    FRAME
    Lot size
    1.04 lot acres
    Property size
    5,744 SF
    Zone code
    C-2
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    181/15275-084-000
    APU
    18115275084000

    Description

    This exceptional 2,000 square foot office space is available for sublease until April 30, 2025, located at 3602 NE Otter View Circle in Ankeny, Iowa. The property boasts a prime location with high visibility and traffic near I-35, Exit 96. The single-story building, constructed in 2014, offers a total of 5,798 square feet across three suites, situated on a 1.04-acre lot. This particular suite features three private offices, a conference room, and a breakroom. Office furniture is available for purchase, providing a seamless transition for new tenants. The space is ideal for a variety of businesses, including traditional, executive, medical, or creative office uses. The building is zoned C-2 and has ample parking with 15 spaces available. Enjoy the convenience of nearby retail, restaurants, golf courses, and other amenities. The property's location offers excellent accessibility and visibility, making it an attractive option for businesses seeking a high-traffic location. The lease rate is $22.00 per square foot, NNN, with operating expenses of $10.78 per square foot. Neighboring tenants include ReMax Precision and Subway, further enhancing the location's appeal. The property is located in the Des Moines submarket of Polk County, with a cross street of NE 36th St and APN 181-15275084000.


    Value Estimations

    based on Realmo’s proprietary methodology
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $705,000
      Market price range: $270k - $871k
    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $565,000
      Current use
      AUTO REPAIR, GARAGE
      $890,000
      Change: +58% Conversion: Difficult
      MEDICAL BUILDING
      $865,000
      Change: +53% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $825,000
      Change: +45% Conversion: Easy
      RETAIL STORES
      $670,000
      Change: +18% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $650,000
      Change: +15% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $480,000
      Change: -15% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Ankeny
    County
    Polk
    State
    Iowa
    Longitude
    -93.5729
    Latitude
    41.7614
    CBSA code
    19780
    CBSA name
    DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $34,586
    $462,000
    $848,000
    $1,310,000
    -
    $462,000
    $848,000
    $1,310,000
    More about this property
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