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Property profile & analytics
OFF-MARKET
Estimated value
$1,210,000
Strip malls
1550 Ankeny Blvd Ankeny, IA 50023-4115
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0580440
Property summary
AI-generated overview
This single-story, 12,750 square foot retail building, constructed in 2014, is situated on a 1.83-acre lot at 1550 N Ankeny Blvd, Ankeny, IA 50023, near the intersection of NW 18th St. The property features a total of 7 suites, with 2,432 square feet currently vacant. One available suite offers 2,432 square feet at a rate of $25.00 per square foot, triple net (NNN). Ample parking is provided with 95 spaces. The building is located in a high-traffic area on Ankeny's most central thoroughfare, offering excellent visibility and accessibility. Its convenient location is adjacent to Northview Middle School and within a half-mile radius of Prairie Ridge Sports Complex and Centennial High School, ensuring high foot traffic and potential customer base. Current co-tenants include Which Wich, Sports Clips, Rosati's Pizza, Lucky Gal Tattoo & Piercing, Garbonzo, and Frutta Bowls, creating a diverse and established tenant mix. The property's APN is 181-14450103000, and it's located in Polk County, within the Des Moines submarket. This presents a unique opportunity for businesses seeking a prime retail location in a thriving Ankeny community.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2014
Construction
FRAME
Total area
12,680 SF
Lot
1.86 ac (81,022 SF)
Zoning code
C-2
APN
181/14450-103-000
UPID
US25-0580440
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
Current use
Occupant on record · Public records
-
Barberitos Take-out & Catering Catering Service
-
The Simple Greek Restaurant
-
Profile Plan - Personalized Weight Loss Plans (Virtual Location) Physician
-
Rosati's Pizza Restaurant
-
Frutta Bowls Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.64M
Blend (final)
Blend
$1.21M
Owner & transaction history
Dle Seven LLC · 12 yrs held
Dle Seven LLC
since 2014
1 recorded transaction
Zoning & alternative use
C-2 · Ankeny, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.0M
+57.5%
Medical building
$1.9M
+53.1%
Commercial (general)
$1.8M
+46.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Ankeny submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ankeny submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,250,000
Current use
AUTO REPAIR, GARAGE
$1,970,000
Change: +58% · Conversion: Difficult
MEDICAL BUILDING
$1,915,000
Change: +53% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,830,000
Change: +47% · Conversion: Easy
RETAIL STORES
$1,480,000
Change: +18% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,275,000
Change: +2% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,060,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$1.21M
Range $1.09M – $1.33M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$95 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$74,486
Tax year 2020
Assessed value
$2,630,000
Assessed 2023
Previous assessed
$2,630,000
+0.0% YoY
Effective rate
2.83%
On assessed value
Assessed land
$990,000
Assessed improvement
$1,640,000
Land market value
$990,000
Improvement market value
$1,640,000
Total market value
$2,630,000
Applied tax rate
6.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2014
Construction
FRAME
Heating
NONE
Buildings
1
Stories
1
Total area
12,680 SF
Lot
1.86 ac (81,022 SF)
Zoning code
C-2
APN
181/14450-103-000
UPID
US25-0580440
Jurisdiction
POLK
Zoning & alternative use
C-2 · Ankeny, IA
Zoning C-2 · permitted uses
C-2 · Ankeny, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ankeny. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.8M
RETAIL STORES
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.3M
INDUSTRIAL (GENERAL)
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2014
Construction
FRAME
Heating
NONE
Stories
1
Buildings
1
Lot
1.86 ac
Current owner
From public records · entity-resolved
Dle Seven LLC
Entity
Mailing address
2401 SE TONES DR STE #17, ANKENY, IA 50021-8886
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 30, 2014
—
Dle Seven LLC
—
Trustees Deed
related
$2,160,000 · Bankers Tr
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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