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Property profile & analytics
OFF-MARKET Estimated value $975,000
Warehouses

6910 4th Mile Dr Ankeny, IA 50021-7438

157,500 SF 13.71 ac lot Built 2022
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US25-0770999
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2022
Construction STEEL FRAME
Total area 157,500 SF
Lot 13.71 ac (597,208 SF)
APN 181/00001-001-172
UPID US25-0770999
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$795k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$975k
Owner & transaction history
Pw Fund A LP · 1 yrs held
Pw Fund A LP
since 2024
Last sale
$1.1M
3 recorded transactions
2024
Price N/A
2024
$18.5M
2022
$1.1M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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