Technical
Financial
Distress signals
Property profile

389 SE Oralabor Rd Ankeny, IA 50021

FOR LEASE
Warehouses
Property ID
US25-0266997
27,600 SF 2.18 ac lot Built 2015
Individually Owned 10-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 27,600-square-foot flex building in Polk County offers a fantastic opportunity for businesses seeking versatile industrial space. Built in 2015, the single-story structure features five suites, with one suite currently available, totaling 3,000 square feet. The minimum divisible space is 3,000 square feet, allowing for flexibility in tenant needs. The property sits on 2.18 acres of land and is zoned M-1 (Light Industrial), ensuring a wide range of permitted uses. The building boasts impressive features including 18-foot ceilings, six drive-in doors (including two 12' x 14' doors), and ample parking. One dock-high door is also available. The available suite includes a restroom, Reznor heaters, and a concrete drive. The asking rent is $9.00 per square foot, NNN. This property presents a rare opportunity to secure high-quality industrial space in a desirable location. Don't miss out on this chance to establish your business in a well-maintained, modern facility. Contact us today to schedule a viewing.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2015
Construction FRAME
Total area 27,600 SF
Lot 2.18 ac (95,004 SF)
Zoning code M-1
APN 181/00553-070-645
UPID US25-0266997

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
  • Landscaping General Contractor
  • Auto Repair Shop

Location

389 SE Oralabor Rd Ankeny, IA 50021
Ankeny metro Census 10214 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$745k
Blend (final) Blend
$965k

Owner & transaction history

since 2016
4 recorded transactions
2016
$1.4M
2015
$375,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

M-1 · Ankeny, IA
Zoning description

192.12 M-1 LIGHT INDUSTRIAL DISTRICT. The M-1 District is intended and designed to provide areas of the City suitable for activities and uses of a light industrial nature. Such districts do not require the high standards…

General category INDUSTRIAL

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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