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Financial
Distress signals
Property profile

1200 State St Ankeny, IA 50023

OFF-MARKET
Other investment properties
Property ID
US25-0527309
11,096 SF 2.61 ac lot Built 2012
Last sale Feb 2021 · $4,300,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a 0.82-acre commercial land parcel located in Ankeny, Iowa, at 1200 SW State St, positioned north of the 1200 State Street office building. It is configured as a commercial site suitable for development consistent with its commercial zoning and permitted land uses.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2020

What does the county charge?
$66k
Tax billed · 2020
Assessed value · 2023$2.37M
Assessed land$898k
Assessed improvement$1.47M
Effective rate2.78%

Value estimate

· Oct 2026
$2.09M
$1.88M – $2.30M
CAP approach$1.69M
Submarket $/SF estimate$2.26M

Realmo valuation models over county records and 11 qualifying comparable sales.

Recently sold

What actually traded nearby?
$144/SF
ZIP average, outlier-cleaned · 34 recorded sales of this use type
Observed band · Q1–Q3$84 – $204
Qualifying comparables11

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
PUD
The purpose of this district is to promote and encourage development or redevelopment of tracts of land on a planned, unified basis by al...
General categoryPLANNED_DEVELOPMENT
JurisdictionPOLK

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm16.9
Dental Office15.7
Auto Parts Store15.2

Location

1200 State St Ankeny, IA 50023-2547
County assessor Recorded deeds · 2 transfers 11 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1513 Ankeny, Ankeny, IA 50023-4167 $835,000 Dec 2025 15,115 SF
111 9th, Ankeny, IA 50023-1754 $843,000 May 2022 9,783 SF
2405 Ankeny, Ankeny, IA 50023-4711 $415,000 May 2022 11,264 SF
1605 Ankeny, Ankeny, IA 50023-4163 $1,300,000 Dec 2021 15,200 SF
1255 Ankeny, Ankeny, IA 50023-4008 $2,300,000 Nov 2021 13,334 SF
210 Ankeny, Ankeny, IA 50023-3117 $900,000 Mar 2021 10,210 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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