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Property profile & analytics
OFF-MARKET Estimated value $680,000
Strip malls

114 9th St Ankeny, IA 50023-1759

3,825 SF 0.62 ac lot Built 1979
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US25-0183414
Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1979
Construction FRAME
Total area 3,825 SF
Lot 0.62 ac (26,875 SF)
Zoning code C-2
APN 181/00553-277-002
UPID US25-0183414
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
  • Elevation Chiropractic Alternative Medicine Practice
  • phClean Hardware & Home Improvement
  • Reyna Immerfall - State Farm Insurance Agent Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$555k
CAP Approach CAP
$750k
Comparable Approach Comparable
$451k
Blend (final) Blend
$680k
Owner & transaction history
Phoebe Properties LLC · 4 yrs held
Phoebe Properties LLC
since 2022
Last sale
$843,000
4 recorded transactions
2022
$843,000
2017
Price N/A
2012
Price N/A
2006
$525,000
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 $595,000 +57.5%
Medical building $575,000 +53.1%
Commercial (general) $555,000 +46.5%
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