Technical
Financial
Distress signals
Property profile

1165 Ordnance Rd Ankeny, IA 50023

OFF-MARKET
Turn key restaurants
Property ID
US25-0441272
1,208 SF 0.23 ac lot Built 1976
Entity Owned Absentee Owner Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1976
Construction FRAME
Total area 1,208 SF
Lot 0.23 ac (10,164 SF)
Zoning code M-1
APN 181/00494-007-002
UPID US25-0441272

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
  • Atm
  • Bar & Pub

Location

1165 Ordnance Rd Ankeny, IA 50023-2837
Ankeny metro Census 10205 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
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Comparable Approach Comparable
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Blend (final) Blend
$235k

Owner & transaction history

Zoning & alternative use

M-1 · Ankeny, IA
Zoning description

192.12 M-1 LIGHT INDUSTRIAL DISTRICT. The M-1 District is intended and designed to provide areas of the City suitable for activities and uses of a light industrial nature. Such districts do not require the high standards…

General category INDUSTRIAL

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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