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Property profile & analytics
OFF-MARKET
Estimated value
$9,955,000
Warehouses
1204 16th Ct Ankeny, IA 50021-4051
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US25-2350178
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2020
Construction
STEEL FRAME
Total area
124,424 SF
Lot
3.93 ac (171,332 SF)
APN
181/00160-930-103
UPID
US25-2350178
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
-
U-Haul Storage of South Ankeny Storage Facility
-
Self-Storage at U-Haul Storage Facility
-
Moving Supplies at U-Haul Big Box & Wholesale Store
-
Trailer Rental at U-Haul Car Rental Facility
-
Truck Rental at U-Haul Moving Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.97M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.29M
Blend (final)
Blend
$9.96M
Owner & transaction history
Amerco Real Estate Company · 3 yrs held
Amerco Real Estate Company
since 2022
Last sale
$11.5M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$14.5M
+41.8%
Apartment house (5+ units)
$14.1M
+37.9%
Neighborhood: shopping center
$12.3M
+19.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Ankeny submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ankeny submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$8,625,000
ML approach
$8,965,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$10,235,000
Current use
RETAIL STORES
$14,515,000
Change: +42% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$14,115,000
Change: +38% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$12,265,000
Change: +20% · Conversion: Moderate
Blend value · Realmo final
$9.96M
Range $8.96M – $10.95M · ±10% · vs last sale $11.45M (Nov 7 2022)
Last sale anchor
$11.45M
Nov 7 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$80 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$358,526
Tax year 2023
Assessed value
$10,900,000
Assessed 2024
Previous assessed
$10,900,000
+0.0% YoY
Effective rate
3.29%
On assessed value
Assessed land
$1,310,000
Assessed improvement
$9,590,000
Land market value
$1,310,000
Improvement market value
$9,590,000
Total market value
$10,900,000
Applied tax rate
6.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2020
Construction
STEEL FRAME
Heating
NONE
Buildings
4
Stories
4
Total area
124,424 SF
Lot
3.93 ac (171,332 SF)
APN
181/00160-930-103
UPID
US25-2350178
Jurisdiction
POLK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$10.2M
RETAIL STORES
Est. value
$14.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$14.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.3M
WAREHOUSE, STORAGE Current
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2020
Construction
STEEL FRAME
Heating
NONE
Stories
4
Buildings
4
Lot
3.93 ac
Current owner
From public records · entity-resolved
Amerco Real Estate Company
Entity
Free & Clear · 3 yrs held
Mailing address
2727 N CENTRAL AVE STE #501, PHOENIX, AZ 85004-1120
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2022
$11,450,000
Amerco Real Estate Company
Hfb LLC
Warranty Deed
—
Jul 11, 2019
—
Hfb LLC
—
Trustees Deed
related
$7,232,039 · Five Points Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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