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Property profile & analytics
OFF-MARKET
Residential income homes
1110 Belmont Dr Ankeny, IA 50021-3553
Entity Owned
5-yr Hold
Property ID
US25-0027672
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1967
Construction
FRAME
Total area
2,986 SF
Lot
0.52 ac (22,800 SF)
Zoning code
C-1
APN
181/00624-051-000
UPID
US25-0027672
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
-
South Belmont Apartments by MCL Properties Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Provision Properties II LLC · 5 yrs held
Provision Properties II LLC
since 2021
Last sale
$330,000
6 recorded transactions
Zoning & alternative use
C-1 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,950
Tax year 2020
Assessed value
$276,000
Assessed 2023
Previous assessed
$276,000
+0.0% YoY
Effective rate
1.43%
On assessed value
Assessed land
$73,700
Assessed improvement
$202,300
Land market value
$73,700
Improvement market value
$202,300
Total market value
$276,000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1967
Construction
FRAME
Heating
BASEBOARD
Cooling
YES
Buildings
1
Stories
2
Units
4
Rooms
5
Bathrooms
1
Total area
2,986 SF
Lot
0.52 ac (22,800 SF)
Zoning code
C-1
APN
181/00624-051-000
UPID
US25-0027672
Jurisdiction
POLK
Zoning & alternative use
C-1 · Ankeny, IA
Zoning C-1 · permitted uses
C-1 · 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.
Building & site characteristics
From public records
Year built
1967
Construction
FRAME
Heating
BASEBOARD
Cooling
Yes
Stories
2
Buildings
1
Units
4
Rooms
5
Bathrooms
1
Lot
0.52 ac
Current owner
From public records · entity-resolved
Provision Properties II LLC
Entity
Mailing address
1528 RIO VLY DR, CLIVE, IA 50325-6539
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2021
$330,000
Provision Properties II LLC
Morrison Rentals Co Op IV INC
Warranty Deed
$2,216,000 · Raccoon Valley Bank
Jan 21, 2020
$230,000
Morrison Rentals Co Op IV INC
Mcl Properties Housing Cooperative
Warranty Deed
$184,000 · Raccoon Valley Bank
Feb 28, 2018
$175,000
Mcl Props Hsng Cooperative Ass
Chlm LLC
Warranty Deed
—
Apr 14, 2016
$145,000
Chlm LLC
Hochstetler,virgil W & Karen
Warranty Deed
$200,000 · Bank Iowa/w Des Moines
Jun 26, 2006
$165,500
Virgil Hochstetler
Teeter,david E
Grant Deed
$165,250 · Gateway Savings Bank
—
—
Virgil Hochstetler
—
Deed Of Trust
related
$180,000 · South Story Bk&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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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