Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$3,725,000
Investment properties
1525 36th St Ankeny, IA 50021-6754
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US25-0381852
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2019
Construction
FRAME
Total area
22,308 SF
Lot
11.26 ac (490,398 SF)
Zoning code
C-2
APN
181/00100-502-001
UPID
US25-0381852
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
-
Talons Of Tuscany Golf Club Golf Course
-
CoAXium Agricultural Supply Garden Center
-
Prime Source, A Division of Albaugh, LLC Chemical Plant Factory
-
Hamm Enterprises Ltd Professional Services
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.40M
Comparable Approach
Comparable
$4.52M
Blend (final)
Blend
$3.73M
Owner & transaction history
D R A Props Lc · 5 yrs held
D R A Props Lc
since 2021
7 recorded transactions
Zoning & alternative use
C-2 · Ankeny, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.8M
+20.1%
Auto repair, garage
$3.5M
+8.4%
Medical building
$3.4M
+5.3%
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%
$3,680,000
6.5%
$3,400,000
7%
$3,155,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,195,000
Current use
RESTAURANT
$3,840,000
Change: +20% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,465,000
Change: +8% · Conversion: Difficult
MEDICAL BUILDING
$3,365,000
Change: +5% · Conversion: Easy
RETAIL STORES
$2,600,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$3.73M
Range $3.35M – $4.10M · ±10%
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
$167 / 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
$241,200
Tax year 2020
Assessed value
$9,960,000
Assessed 2023
Previous assessed
$9,960,000
+0.0% YoY
Effective rate
2.42%
On assessed value
Assessed land
$2,340,000
Assessed improvement
$7,620,000
Land market value
$2,340,000
Improvement market value
$7,620,000
Total market value
$9,960,000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2019
Construction
FRAME
Heating
NONE
Buildings
3
Stories
2
Total area
22,308 SF
Lot
11.26 ac (490,398 SF)
Zoning code
C-2
APN
181/00100-502-001
UPID
US25-0381852
Jurisdiction
POLK
Zoning & alternative use
C-2 · Ankeny, IA
Zoning C-2 · permitted uses
C-2 · Ankeny, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ankeny. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.2M
RESTAURANT
Est. value
$3.8M
AUTO REPAIR, GARAGE
Est. value
$3.5M
MEDICAL BUILDING
Est. value
$3.4M
RETAIL STORES
Est. value
$2.6M
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
2019
Construction
FRAME
Heating
NONE
Stories
2
Buildings
3
Lot
11.26 ac
Current owner
From public records · entity-resolved
D R A Props Lc
Individual
Mailing address
1525 NE 36TH ST, ANKENY, IA 50021-6754
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2021
$423,000
D R A Props Lc
Heritage Pk Ests LLC
Warranty Deed
—
Dec 22, 2020
$2,500,000
Standard 36 LLC
Dra Props Lc
Warranty Deed
—
Sep 25, 2020
—
Dra Props Lc
City Of Ankeny
Quit Claim Deed
related
—
Sep 2, 2020
—
Dra Props Lc
—
Deed
related
$8,640,000 · Two Rivers Bk
Feb 26, 2020
—
Dra Props Lc
Rrdj Ents LLC
Grant Deed
related
—
Sep 13, 2019
—
Dra Props Lc
—
Deed
related
$6,456,750 · Metabank
Sep 3, 2019
—
Dra Props Lc
—
Trustees Deed
related
$5,100,000 · Freedom Fin'l Bk
Jun 24, 2019
—
D & M Ptrs LLC
—
Deed
related
$3,310,000 · Eastland S&l Assn
Dec 19, 2018
—
Dra Props Lc
—
Deed
related
$1,900,000 · Metabank
Oct 20, 2017
—
Dra Properties Lc
—
Deed
related
—
Oct 12, 2017
—
Ankeny 12 LLC
Dra Properties Lc
Warranty Deed
related
—
—
—
Dra Props Lc
—
Deed Of Trust
related
$1,900,000 · Metabank
—
—
D & M Ptrs LLC
—
Deed Of Trust
related
$3,310,000 · Eastland S&l Assn
—
—
Dra Props Lc
—
Deed Of Trust
related
$6,456,750 · Metabank
—
—
Dra Properties Lc
—
Loan Modification
related
—
—
—
Dra Props Lc
—
Deed Of Trust
related
$8,640,000 · Two Rivers 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1525 36th St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
