Technical
Financial
Distress signals
Property profile

6910 4th Mile Dr Ankeny, IA 50021

OFF-MARKET
Warehouses
Property ID
US25-0770999
157,500 SF 13.71 ac lot Built 2022
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Saved · see the list in your Dashboard

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

Location

6910 4th Mile Dr Ankeny, IA 50021-7438
Ankeny metro Census 10601 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$795k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$845k

Owner & transaction history

since 2024
Last sale
$1.1M
3 recorded transactions
2024
Price N/A
2024
$18.5M
2022
$1.1M

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 6910 4th Mile Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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