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

    36Th St Ankeny, IA 50023

    • Land
    • 1.62 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 36Th St

    Lot size
    1.62 lot acres
    Property type
    Land

    Description

    This exceptional 1.62-acre commercial lot presents a unique investment opportunity in Ankeny, Iowa. Located at the intersection of N Ankeny Boulevard and NW 36th Street, this property boasts a highly desirable location within Polk County, zip code 50023. The land is zoned for both residential (R-3) and commercial (C-2) uses, offering significant flexibility for development. The asking price per square foot ranges from $16 to $26, reflecting the strong potential for future appreciation in this rapidly growing area. The property's convenient access to the 36th Street interchange ensures excellent visibility and connectivity. With its strategic location and versatile zoning, this parcel is ideally suited for a variety of commercial ventures. The site's size and zoning provide ample opportunity for developers seeking to capitalize on Ankeny's thriving market. Additional acreage is available in the immediate vicinity, ranging from 1.18 to 19.87 acres, presenting potential for larger-scale projects. This is a rare chance to acquire a prime commercial lot in a dynamic and expanding community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ankeny
    County
    Polk
    State
    Iowa
    Longitude
    -93.6002
    Latitude
    41.7608

    Comparable in this City

    • Value Estimation by Request
      8.93 Acres

      36th St. & Irvinedale Dr

      Land • 8.93 Acres
      36th St. & Irvinedale Dr, Ankeny, IA 50023
      View Details
    • Value Estimation by Request
      6.52 Acres

      Prairie Trail Pkwy

      Land • 6.52 Acres
      0 Prairie Trail Pkwy, Ankeny, IA 50023
      View Details
    • Value Estimation by Request
      2.00 Acres

      18Th St

      Land • 2.00 Acres
      0 18Th St, Ankeny, IA 50023
      View Details
    • Value Estimation by Request
      2.62 Acres

      36Th St

      Land • 2.62 Acres
      0 36Th St, Ankeny, IA 50023
      View Details
    • Value Estimation by Request
      1.73 Acres

      36Th St

      Land • 1.73 Acres
      0 36Th St, Ankeny, IA 50023
      View Details
    • Value Estimation by Request
      0.79 Acres

      2813-2905 Ankeny Blvd

      Land • 0.79 Acres
      2813-2905 Ankeny Blvd, Ankeny, IA 50023
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.38 Acres

      Ankeny Commercial Land Opportunity

      Prime Ankeny location, multiple lots available.
      0 36Th St, Ankeny, IA 50023
      View Details
    • Contact for pricing

      Ankeny Blvd Commercial Land Opportunity

      Prime Ankeny retail land, build-to-suit.
      3105 Ankeny Blvd, Ankeny, IA 50023
      View Details
    • $787,852
      1.39 Acres

      Ankeny Commercial Land - $787,852

      Prime Ankeny land, ideal retail development.
      2119 Ankeny Blvd, Ankeny, IA 50023
      View Details
    • $470,448
      0.72 Acres

      Ankeny Commercial Land - $470K

      0.72-acre lot, prime Ankeny location.
      245 18Th St, Ankeny, IA 50023
      View Details
    • Contact for pricing
      4.38 Acres

      Ankeny Commercial Land - 4.38 Acres

      Prime Ankeny land, R-3 & C-2 zoning. High-growth area.
      0 36Th St, Ankeny, IA 50023
      View Details
    • $914,760
      0.72 Acres

      Ankeny Commercial Land Investment

      Prime Ankeny, IA Commercial Land
      235 18Th St, Ankeny, IA 50023
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Ankeny Commercial Land - 1.44 Acres

      Prime Ankeny location, 62,726 sq ft lot.
      2905 Ankeny Blvd, Ankeny, IA 50023
      View Details
    • Contact for pricing

      Uptown Ankeny Commercial Land Parcel

      Prime Ankeny land, ideal for development.
      316 Maple St, Ankeny, IA 50023
      View Details
    • Contact for pricing

      Ankeny Commercial Land - 0.79 Acres

      Prime Ankeny location, C-2 zoning, build your business.
      2813 Ankeny Blvd, Ankeny, IA 50023
      View Details
    • $10 SF/Yr

      Ankeny Retail Land Opportunity

      Prime Ankeny location, multiple tenants nearby.
      2821 Ankeny Blvd, Ankeny, IA 50023
      View Details
    • Contact for pricing

      Ankeny Commercial Land Opportunity

      Prime Ankeny location, build-to-suit potential.
      0 18Th St, Ankeny, IA 50023
      View Details
    • $10 SF/Yr

      Ankeny Commercial Land - 8.9 Acres

      Prime Ankeny land, ideal for development.
      36th St & Irvinedale Dr, Ankeny, IA 50023
      View Details
    Request Owner's contact information
    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.
    36Th 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
    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

    Google sign-in failed. Please try again or use another login method.