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Property profile

6925 4th Mile Dr Ankeny, IA 50021

OFF-MARKET
Truck terminals
Property ID
US25-0614291
View Sample
68,288 SF 31.41 ac lot Built 2012
Individually Owned 15-yr Hold Absentee Owner Free & Clear

Property profile

Verified
Property type Truck terminals
Use group TRUCK TERMINAL (MOTOR FREIGHT)
Year built 2012
Construction STEEL FRAME
Total area 68,288 SF
Lot 31.41 ac (1,368,189 SF)
Zoning code R-1
APN 181/00553-070-540
UPID US25-0614291

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
  • Trucking Company

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.16M

Owner & transaction history

since 2010
2 recorded transactions
2010
$840,000
2007
Price N/A

Zoning & alternative use

R-1 · Ankeny, IA
Zoning description

All territory which may be annexed to the City shall be considered as lying in the R-1 District until such classification has been changed by amendment in accordance with the provisions of Section 196.04 of this Zoning O…

General category RESIDENTIAL
Top alternative use upside
Retail stores $3.4M +48.6%
Apartment house (5+ units) $3.0M +34.1%
Medical building $2.7M +20.8%

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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