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Property profile & analytics
OFF-MARKET
Estimated value
$2,585,000
Residential income homes
1602 Pne Rd Ankeny, IA 50023-1251
Trust Owned
3-yr Hold
Property ID
US25-0267092
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1975
Construction
FRAME
Total area
3,372 SF
Lot
0.67 ac (29,210 SF)
Zoning code
R-3A
APN
181/00393-108-004
UPID
US25-0267092
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.22M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.59M
Owner & transaction history
Mcquaid 2014 Revocable Trust · 3 yrs held
Mcquaid 2014 Revocable Trust
since 2022
Last sale
$3.0M
4 recorded transactions
Zoning & alternative use
R-3A · Ankeny, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$2,220,000
ML approach
$2,215,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.59M
Range $2.33M – $2.84M · ±10% · vs last sale $2.95M (Sep 12 2022)
Last sale anchor
$2.95M
Sep 12 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
$767 / 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
$6,076
Tax year 2020
Assessed value
$424,000
Assessed 2023
Previous assessed
$424,000
+0.0% YoY
Effective rate
1.43%
On assessed value
Assessed land
$66,300
Assessed improvement
$357,700
Land market value
$66,300
Improvement market value
$357,700
Total market value
$424,000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1975
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
4
Rooms
10
Bathrooms
2
Total area
3,372 SF
Lot
0.67 ac (29,210 SF)
Zoning code
R-3A
APN
181/00393-108-004
UPID
US25-0267092
Jurisdiction
POLK
Zoning & alternative use
R-3A · Ankeny, IA
Zoning R-3A · permitted uses
R-3A · 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.
Building & site characteristics
From public records
Year built
1975
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
4
Rooms
10
Bathrooms
2
Lot
0.67 ac
Current owner
From public records · entity-resolved
Mcquaid 2014 Revocable Trust
Trust
Mailing address
170 S GRN VLY PKWY STE #300, HENDERSON, NV 89012-3145
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2022
$2,950,000
Mcquaid 2014 Revocable Trust
Nw Pine Properties Residential Hsng
Warranty Deed
$2,212,500 · Us Bank NA
Nov 10, 2014
$636,000
Park View Altoona Residl Hsng
Lafary,michael D
Warranty Deed
$557,625 · Peoples Tr & Svgs Bk/waukee
Nov 10, 2014
$230,000
Michael D Lafary
Keil,nancy J
Grant Deed
—
Nov 10, 2014
—
Nancy J Keil
Keil,ross A
Affidavit Of Death
related
—
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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