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Financial
Distress signals
Property profile

1370 Magazine Rd Ankeny, IA 50023

OFF-MARKET
Other apartment buildings
Property ID
US25-0430428
103,242 SF 2.62 ac lot Built 2014
Last sale Jul 2013 · $514,000
Individually Owned Owner of record is an individual. 13-yr Hold Held for 13 years.
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Property summary

AI-generated overview

This 1,229 sq. ft. senior living unit is located on the first floor of an independent senior living community for residents age 55 and older. The south-facing layout follows the “Chestnut” great room plan and includes a center island breakfast bar, dining area, and a large pantry with shelving and storage. The master bedroom features a large walk-in closet and a 3/4 bath, and a second bedroom that can function as a bedroom or office with abundant natural light and a large closet. A full bath is…

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?
$192k
Tax billed · 2020
Assessed value · 2023$10.90M
Assessed land$811k
Assessed improvement$10.09M
Effective rate1.76%

Value estimate

· Oct 2026
$7.06M
$6.35M – $7.77M
Submarket $/SF estimate$4.44M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$100/SF
ZIP average, outlier-cleaned · 24 recorded sales of this use type
Observed band · Q1–Q3$71 – $169

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 Firm8.7
Pawn Shop8.7
Dry Cleaner8.5

Location

1370 Magazine Rd Ankeny, IA 50023-2562
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file 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 · 8 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
719 3rd, Ankeny, IA 50023-2692 $137,000 Jul 2024 32,514 SF
114 State, Ankeny, IA 50023-2372 $2,300,000 Mar 2023 8,704 SF
1713 Pne, Ankeny, IA 50023-1241 $3,750,000 Oct 2021 45,504 SF
214 Chapel, Ankeny, IA 50023-2259 $1,000,000 Sep 2021 10,240 SF
1913 1st, Ankeny, IA 50023-2454 $1,250,000 Mar 2021 14,204 SF
2009 Hickory, Ankeny, IA 50023-1227 $500,000 Nov 2020 7,800 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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