Technical
Financial
Distress signals
Property profile

114 State St Ankeny, IA 50023

OFF-MARKET
Apartment buildings
Property ID
US25-1380081
8,704 SF 0.71 ac lot Built 1971
Entity Owned 3-yr Hold
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Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1971
Construction FRAME
Total area 8,704 SF
Lot 0.71 ac (30,846 SF)
APN 181/00392-190-004
UPID US25-1380081

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office
  • Medical Clinic
  • Charitable Organization Social Service Agency

Location

114 State St Ankeny, IA 50023-2372
Ankeny metro Census 10207 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.30M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.15M

Owner & transaction history

since 2023
Last sale
$2.3M
4 recorded transactions
2023
$2.3M
2019
$1.8M
2011
Price N/A
2009
Price N/A

Zoning & alternative use

Top alternative use upside
Restaurant $1.5M +71.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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