Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6910 4th Mile Dr Ankeny, IA 50021-7438
    Back to Search
    Property profile & analytics

    6910 4th Mile Dr, Ankeny, IA 50021-7438

    View on Map
    • Warehouses
    • 157,500 SF
    • 13.71 lot acres
    Off-Market
    Last Sale Feb 18, 2022
    $1,125,000
    Property ID
    US25-0770999
    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
    $975,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 6910 4th Mile Dr

    Year built
    2022
    Construction
    STEEL FRAME
    Lot size
    13.71 lot acres
    Property type
    Warehouses
    APN
    181/00001-001-172
    APU
    18100001001172

    Description

    This exceptional investment opportunity presents a 157,500-square-foot Class A warehouse facility located within the Four Mile Industrial Park in Ankeny, Iowa. The property, built in 2022, sits on a 13.71-acre lot and boasts a single-story design with a 32-foot ceiling height. Currently 100% occupied by Amazon under a Net Lease agreement, this asset offers significant long-term stability. The lease commenced August 1st, 2024, and extends for a total of 10 years, with four 5-year renewal options, providing a remaining lease term of approximately 9.7 years. The building features 26 loading docks, making it highly efficient for distribution operations. Its strategic location in Ankeny, Iowa, positions it ideally for last-mile distribution, catering to the growing demand in the region. This is a turnkey investment opportunity with a strong tenant and a long-term lease, offering substantial returns for a discerning investor. The property's modern design and prime location make it a highly desirable asset in the competitive industrial real estate market. This single-tenant, net-lease property offers a low-maintenance, high-return investment with a secure, established tenant. The property address is 6910 SE Four Mile Dr, Ankeny, IA 50021.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $845,000
      ML approach
      $795,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Ankeny
    County
    Polk
    State
    Iowa
    Longitude
    -93.5621
    Latitude
    41.6773
    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
    2023
    $118,786
    $1,300,000
    $10,700,000
    $12,000,000
    -
    $1,300,000
    $10,700,000
    $12,000,000

    Comparable in this City

    • Value Estimation
      $1,110,000
      18,284 SF

      2005 Corporate Woods Dr

      WAREHOUSE, STORAGE
      2005 Corporate Woods Dr, Ankeny, IA 50021-7468
      View Details
    • Value Estimation
      $1,510,000
      50,000 SF

      700 Dalbey Dr

      WAREHOUSE, STORAGE
      700 Dalbey Dr, Ankeny, IA 50021-3908
      View Details
    • Value Estimation by Request
      300,000 SF

      7055 Delaware Ave

      Distribution properties
      7055 Delaware Ave, Ankeny, IA 50021
      View Details
    • Value Estimation
      $19,925,000
      200,220 SF

      5950 Delaware Ave

      WAREHOUSE, STORAGE
      5950 Delaware Ave, Ankeny, IA 50021
      View Details
    • Value Estimation
      $1,190,000
      10,200 SF

      1525 Cortina Dr

      WAREHOUSE, STORAGE
      1525 Cortina Dr, Ankeny, IA 50021-3903
      View Details
    • Value Estimation
      $605,000
      9,024 SF

      395 Oralabor Rd

      MINI-WAREHOUSE, STORAGE
      395 Oralabor Rd, Ankeny, IA 50021-9314
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,782 SF

      Retail Space Available for Purchase

      Retail space for sale, approximately 10782 square feet.
      3055 N Ankeny Blvd, Ankeny, IA 50021
      View Details
    • $220,000
      Pending

      Land in Pine Lake Estates

      Residential land in Ankeny, Iowa, with lake access and mature trees.
      1902 NE Pne Lk Cir, Ankeny, IA 50021
      View Details
    • $103,400
      0.24 Acres

      Ankeny Land for Custom Build

      Homesite for custom build in premier Ankeny community.
      2007 NE Threshold Dr, Ankeny, IA 50021
      View Details
    • $114,000
      Pending

      Ankeny Land in Pine Lake

      Residential land in a luxury, family-focused Ankeny community.
      1913 NE Threshold Dr, Ankeny, IA 50021
      View Details

    Similar Nearby for Lease

    • $5 SF/Yr
      89,356 SF

      Ankeny Warehouse with Office Space

      89,356 SF warehouse featuring offices, docks, and drive-in door.
      6150 Southeast Rio Cir, Ankeny, IA 50021
      View Details
    • Contact for pricing

      Ankeny Warehouse Space Available

      104,000 sq ft Ankeny warehouse space for lease.
      802 SE Shurfine Dr, Ankeny, IA 50021
      View Details
    • Contact for pricing

      Ankeny Warehouse with Office Space

      17,250 SF warehouse with office, available immediately.
      4707 SE Rio Ct, Ankeny, IA 50021
      View Details
    • Contact for pricing
      3,000 SF

      Office/Warehouse Space For Rent

      6,000 SF office/warehouse space with drive-in and dock doors.
      6806 SE Bellagio Ct, Ankeny, IA 50021
      View Details
    • Contact for pricing
      1,939 SF

      Flex Space with Drive-In Door

      Shell space available for rent with drive-in door.
      117 SE Lorenz Dr, Ankeny, IA 50021
      View Details
    • Contact for pricing
      1,280 SF

      Ankeny Flex Space For Lease

      Flex space available in Ankeny with easy highway access.
      1465 NE 69Th Pl, Ankeny, IA 50021
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6910 4th Mile Dr
    Ankeny, IA 50021-7438
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    6910 4th Mile Dr, Ankeny, IA, 50021
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!