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Property profile & analytics
OFF-MARKET Estimated value $605,000
Warehouses

395 Oralabor Rd Ankeny, IA 50021-9314

9,024 SF 3.84 ac lot Built 1976
Individually Owned 19-yr Hold Absentee Owner Free & Clear
Property ID
US25-2571528
Property profile
Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1976
Construction FRAME
Total area 9,024 SF
Lot 3.84 ac (167,270 SF)
Zoning code M-1
APN 181/00800-501-004
UPID US25-2571528
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
  • Ankeny U Store It Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$380k
CAP Approach CAP
by Request
Comparable Approach Comparable
$667k
Blend (final) Blend
$605k
Owner & transaction history
Richard Hake · 19 yrs held
Richard Hake
since 2007
3 recorded transactions
2007
$470,000
2004
$387,000
1969
Price N/A
Zoning & alternative use
M-1 · Ankeny, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 of M-3 Districts but still require protection from the less restrictive uses permitted in the M-2 District. It is not intended that any new…

Zone name Light Industrial
General category INDUSTRIAL
Zone area 1,792.10 ac
Top alternative use upside
Neighborhood: shopping center $890,000 +19.9%
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