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Property profile & analytics
OFF-MARKET Estimated value $610,000
Strip malls

113 Delaware Ave Ankeny, IA 50021-9702

6,120 SF 0.92 ac lot Built 2007
Entity Owned 21-yr Hold Absentee Owner Free & Clear
Property ID
US25-0184048
Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2007
Construction STEEL FRAME
Total area 6,120 SF
Lot 0.92 ac (40,075 SF)
Zoning code C-2
APN 181/00160-751-002
UPID US25-0184048
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
  • Jimmy John's Take-out & Catering Catering Service
  • Tony Strang: Allstate Insurance Insurance Agency
  • Tokyo Steak House Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$780k
Blend (final) Blend
$610k
Owner & transaction history
City Of Ankeny · 21 yrs held
City Of Ankeny
since 2005
4 recorded transactions
2007
Price N/A
2005
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
C-2 · Ankeny, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

192.09 C-2 GENERAL RETAIL, HIGHWAY ORIENTED, AND CENTRAL BUSINESS COMMERCIAL DISTRICT. The C-2 District is intended to provide for major retail shopping areas outside the downtown area. These districts include, as well, much of the strip commercial property existing along the major streets and highways of the City. The uses permitted are intended to accommod…

Zone name General Retail Highway Oriented And Central Business Commercial
General category COMMERCIAL
Zone area 1,447.00 ac
Top alternative use upside
Auto repair, garage $950,000 +57.5%
Medical building $925,000 +53.1%
Commercial (general) $875,000 +45.4%
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