Technical
Financial
Distress signals
Property profile

116 Lorenz Dr Ankeny, IA 50021

OFF-MARKET
Individual retail properties
Property ID
US25-0207823
14,641 SF 1.94 ac lot Built 2001
Entity Owned ~ Est. High Equity
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Property profile

Verified
Property type Individual retail properties
Use group GYM, HEALTH SPA
Year built 2001
Construction STEEL FRAME
Total area 14,641 SF
Lot 1.94 ac (84,419 SF)
Zoning code C-2
APN 181/00220-303-000
UPID US25-0207823

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
  • Gym & Fitness Center

Location

116 Lorenz Dr Ankeny, IA 50021-9228
Ankeny metro Census 10212 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$830k

Owner & transaction history

since 2026
Last sale
$2.0M
5 recorded transactions
2026
$2.0M
2023
Price N/A
2022
Price N/A
2022
$1.1M
1969
Price N/A

Zoning & alternative use

C-2 · Ankeny, IA
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,…

General category COMMERCIAL

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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