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Property profile & analytics
OFF-MARKET
Estimated value
$3,495,000
Investment properties
1520 Irvinedale Dr Ankeny, IA 50023-7427
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0143201
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2021
Construction
FRAME
Total area
26,950 SF
Lot
2.31 ac (100,841 SF)
APN
181/00424-980-042
UPID
US25-0143201
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
-
QA Graphics Marketing & Advertising Advertising Agency
-
Prairie Lakes Pet Hospital Veterinary Clinic
-
Roots Rehab, Physical Therapy clinic Medical Clinic
-
Sunday Visits Home Home Decor Store Department Store
-
Hunziker & Associates, Realtors Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.11M
Comparable Approach
Comparable
$3.37M
Blend (final)
Blend
$3.50M
Owner & transaction history
Dayton Park LLC · 4 yrs held
Dayton Park LLC
since 2022
Last sale
$6,000
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.6M
+19.2%
Auto repair, garage
$4.2M
+7.5%
Medical building
$4.1M
+4.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,445,000
6.5%
$4,105,000
7%
$3,810,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,895,000
Current use
RESTAURANT
$4,640,000
Change: +19% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,185,000
Change: +8% · Conversion: Difficult
MEDICAL BUILDING
$4,070,000
Change: +4% · Conversion: Easy
RETAIL STORES
$3,145,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$3.50M
Range $3.15M – $3.84M · ±10% · vs last sale $6k (Sep 17 2020)
Last sale anchor
$6k
Sep 17 2020
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
$130 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$78
Tax year 2020
Assessed value
$3,070,000
Assessed 2023
Previous assessed
$3,070,000
+0.0% YoY
Effective rate
0.00%
On assessed value
Assessed land
$331,000
Assessed improvement
$2,739,000
Land market value
$331,000
Improvement market value
$2,739,000
Total market value
$3,070,000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2021
Construction
FRAME
Buildings
1
Stories
2
Units
12
Total area
26,950 SF
Lot
2.31 ac (100,841 SF)
APN
181/00424-980-042
UPID
US25-0143201
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
COMMERCIAL (GENERAL) Current
Est. value
$3.9M
RESTAURANT
Est. value
$4.6M
AUTO REPAIR, GARAGE
Est. value
$4.2M
MEDICAL BUILDING
Est. value
$4.1M
RETAIL STORES
Est. value
$3.1M
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
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
2021
Construction
FRAME
Stories
2
Buildings
1
Units
12
Lot
2.31 ac
Current owner
From public records · entity-resolved
Dayton Park LLC
Entity
Mailing address
105 S 16TH ST, AMES, IA 50010-8009
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 11, 2022
—
Dayton Park LLC
—
Deed
related
$2,400,000 · Northwest Bank
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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