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Financial
Distress signals
Property profile

165 Magazine Rd Ankeny, IA 50023

OFF-MARKET
Grocery and convenience stores
Property ID
US25-0456078
4,884 SF 2.22 ac lot Built 2011
Last sale Nov 2020 · $5,631,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2020

What does the county charge?
$70k
Tax billed · 2020
Assessed value · 2023$2.82M
Assessed land$1.22M
Assessed improvement$1.59M
Effective rate2.48%

Value estimate

· Oct 2026
$4.65M
$4.18M – $5.11M
AI approach$4.52M
Submarket $/SF estimate$3.14M

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$99/SF
County average, outlier-cleaned · 59 recorded sales of this use type
Observed band · Q1–Q3$47 – $152
Qualifying comparables3

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
PUD
The purpose of this district is to promote and encourage development or redevelopment of tracts of land on a planned, unified basis by al...
General categoryPLANNED_DEVELOPMENT
JurisdictionPOLK

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm18.0
Building Supply14.7
Auto Parts Store14.6

Location

165 Magazine Rd Ankeny, IA 50023-2944
County assessor Recorded deeds · 2 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1910 White Birch, Ankeny, IA 50023-7217 $1,900,000 May 2025 3,431 SF
411 Ankeny, Ankeny, IA 50023-1773 $6,500 Oct 2024 3,337 SF
2610 White Birch, Ankeny, IA 50023-7235 $970,000 Jul 2019 6,769 SF
1325 State, Ankeny, IA 50023-2559 $425,500 Jun 2019 5,640 SF
Ankeny, IA 50023 $965,000 Apr 2019 4,171 SF
3605 Irvinedale, Ankeny, IA 50023-7407 $708,000 Nov 2018 4,750 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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