Property profile

133 Delaware Ave Ankeny, IA 50021

OFF-MARKET
Hotels
Property ID
US25-2549481
70,722 SF 5.21 ac lot Built 1972
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 1972
Construction FRAME
Total area 70,722 SF
Lot 5.21 ac (227,122 SF)
Zoning code C-3
APN 181/00211-601-002
UPID US25-2549481

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
  • Hotel & Motel
  • Hotel & Motel
  • Restaurant

Location

133 Delaware Ave Ankeny, IA 50021-9771
Ankeny metro Census 10211 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.32M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.44M

Owner & transaction history

since 2021
Last sale
$1.5M
6 recorded transactions
2022
Price N/A
2021
$1.5M
2005
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C-3 · Ankeny, IA
Zoning description

192.11 C-3 LIMITED HIGHWAY ORIENTED COMMERCIAL DISTRICT. The C-3 District is designed to provide for the general commercial needs of the highway traveling public. It is intended that this district be located only at majo…

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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