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Property profile & analytics
OFF-MARKET
Estimated value
$845,000
Investment properties
111 9th St Ankeny, IA 50023-1754
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US25-0345823
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1987
Construction
FRAME
Total area
9,783 SF
Lot
0.86 ac (37,500 SF)
Zoning code
C-2
APN
181/00553-070-702
UPID
US25-0345823
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
-
Schwarzkopf Jeffery A DDS Dental Office
-
JOHN D JANULEWICZ Dental Office
-
Johnson Scott a DDS Dental Office
-
Ryan Marsh, DDS Dental Office
-
Scott Johnson, DDS, MD Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$720k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.13M
Blend (final)
Blend
$845k
Owner & transaction history
Phoebe Properties LLC · 4 yrs held
Phoebe Properties LLC
since 2022
Last sale
$843,000
7 recorded transactions
Zoning & alternative use
C-2 · Ankeny, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$820,000
ML approach
$720,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,140,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$845k
Range $761k – $930k · ±10% · vs last sale $843k (May 31 2022)
Last sale anchor
$843k
May 31 2022
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
$86 / 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
$26,338
Tax year 2020
Assessed value
$1,030,000
Assessed 2023
Previous assessed
$1,030,000
+0.0% YoY
Effective rate
2.56%
On assessed value
Assessed land
$323,000
Assessed improvement
$707,000
Land market value
$323,000
Improvement market value
$707,000
Total market value
$1,030,000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1987
Construction
FRAME
Heating
YES
Cooling
YES
Buildings
1
Stories
1
Bathrooms
2
Total area
9,783 SF
Lot
0.86 ac (37,500 SF)
Zoning code
C-2
APN
181/00553-070-702
UPID
US25-0345823
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
RETAIL STORES
Est. value
$1.1M
RETAIL STORES
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
1987
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Bathrooms
2
Lot
0.86 ac
Current owner
From public records · entity-resolved
Phoebe Properties LLC
Entity
Mailing address
111 NW 9TH ST, ANKENY, IA 50023-1754
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2022
$843,000
Phoebe Properties LLC
Top Farms Lllp
Warranty Deed
$674,400 · Exchange State Bank
Jan 16, 2018
—
Sunner,gregg S Living Trust
Sunner,gregg S
Quit Claim Deed
related
—
Jul 8, 2011
—
Gregg S Sunner
Sunner,audrey S
Quit Claim Deed
related
—
—
—
Gregg S Sunner
—
Deed Of Trust
related
$415,000 · Gateway Savings Bank
—
—
Eyecare Assocs Of Ankeny PC
—
Deed Of Trust
related
$200,000 · Gateway Savings Bank
—
—
Gregg S Sunner
—
Deed Of Trust
related
$25,000 · Northwest Bank
—
—
Gregg S Sunner
—
Deed Of Trust
related
$353,629 · Northwest Bank
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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