Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    302 SW 18Th St Ankeny, IA 50023

    Sponsored
    For Sale
    $95,000

    LAND - Ankeny, IA

    Lot size:
    0.25 Acres
    Days on Market:
    19
    Last Refresh:
    Feb 21 at 11:06 am

    Property Features for 302 SW 18Th St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Res
    APN
    18115925043667
    Lot size
    0.25 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Danielle Seifert
    Danielle Seifert

    RE/MAX Concepts (515) 276-2872

    Listing agent Danielle Seifert (515) 276-2872

    Listing date Feb 3, 2026

    MLS# 710705 Listing URL

    Copyright © 2026 Des Moines Area Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Residential Lot in Prairie Trail

    This 0.251-acre residential lot is located in Prairie Trail, Ankeny, Polk County, Iowa. The property is situated in a favorable location near parks, schools, and new pickle ball courts and ball fields. The lot is intended for residential use and is part of a custom build with Caliber Homes. There is an opportunity for the Prairie Trail Scholarship.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ankeny
    County
    Polk
    State
    Iowa
    Longitude
    -93.602899
    Latitude
    41.746233

    Nearby Similar for Sale

    • $2,500,000
      17,360 SF

      Ankeny Office/Warehouse Investment Opportunity

      17,360 SF office/warehouse building in Ankeny, Iowa for sale.
      335 SE Oralabor Rd, Ankeny, IA 50021
      View Details
    • $140,000
      1,229 SF

      Independent Senior Living Cooperative Unit

      Independent senior living cooperative unit with recent updates and amenities.
      1370 SW Magazine Rd, Ankeny, IA 50023
      View Details
    • $260,000
      1,436 SF

      Ankeny Townhome Near Golf Courses

      Low-maintenance, move-in ready townhome with spacious interiors and convenient location.
      3613 NE Cottonwood Ln, Ankeny, IA 50021
      View Details
    • $129,900
      1,130 SF

      Independent Senior Living Cooperative

      Independent senior living community unit with modern amenities and convenient location.
      1370 SW Magazine Rd, Ankeny, IA 50023
      View Details
    • $127,500
      750 SF

      Ankeny 55+ Community Condo

      Well-maintained 1 bed, 1 bath condo in vibrant community.
      409 SE Delaware Ave, Ankeny, IA 50021
      View Details
    • Contact for pricing

      New Ankeny Townhome with Garage

      Spacious 3-bedroom townhome with modern amenities and convenient location.
      1367 NE 59 Ln, Ankeny, IA 50021
      View Details
    • Contact for pricing

      New Ankeny Townhome Under Construction

      Three-bedroom, 2.5-bath townhome with a 2-car garage in Ankeny, Iowa.
      1355 NE 59 Ln, Ankeny, IA 50021
      View Details
    • Contact for pricing
      8,832 SF

      New Retail Space in Ankeny

      Class A retail space in a newly constructed shopping center.
      2575 SE Hulsizer Rd, Ankeny, IA 50021
      View Details
    • $3,417,227
      6,358 SF

      Ankeny Mixed-Use Investment

      High-yield Ankeny property, 6,358 SF.
      7040 14Th St, Ankeny, IA 50023
      View Details
    • $179,900
      1,214 SF

      Spacious Condo with Modern Updates

      Updated ground floor condo with three bedrooms and detached garage.
      1107 NE 5Th Ln, Ankeny, IA 50021
      View Details
    • Contact for pricing
      1,282 SF

      Ankeny Townhome with Updated Furnace

      Two-story townhome in Ankeny with updated furnace and attached garage.
      1401 SE Delaware Ave, Ankeny, IA 50021
      View Details
    • Contact for pricing
      4,272 SF

      Ankeny Executive Office Building

      Prime Ankeny location, 4,272 SF office space
      306 Ankeny Blvd, Ankeny, IA 50023
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Front load lot near parks and schools in Ankeny.
    Where is this residential land & home lot located?
    The property is located at 302 SW 18Th St Ankeny, IA.
    What is the asking price?
    The asking price for this property is $95,000.
    What are key features of this property?
    This property features: - Prime Prairie Trail location, close to parks, schools, pickle ball courts and ball fields.; - Limited availability of new build lots in Prairie Trail.; - Opportunity for the Prairie Trail Scholarship.
    (515) 208-4220
    Request Owner's contact information
    302 SW 18Th St Ankeny, IA 50023
    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.
    302 SW 18Th St
    Ankeny, IA 50023
    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
    302 SW 18Th St Ankeny, IA 50023
    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

    We can help!
    Listing Contact
    Danielle Seifert
    Danielle Seifert
    (515) 208-4220 (515) 276-2872
    Learn more
    Google sign-in failed. Please try again or use another login method.