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Property profile & analytics
OFF-MARKET
Estimated value
$1,910,000
Warehouses
1673 70th Ave Ankeny, IA 50021-9315
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-2529135
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1997
Construction
STEEL FRAME
Total area
16,300 SF
Lot
9.66 ac (420,588 SF)
Zoning code
LI
APN
270/42401-126-012
UPID
US25-2529135
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
-
Peverill's Apiary Specialty Food Shop
-
Ankeny-Central Iowa Self Storage Storage Facility
-
ICT Home Pros General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.90M
CAP Approach
CAP
$1.94M
Comparable Approach
Comparable
$1.96M
Blend (final)
Blend
$1.91M
Owner & transaction history
Woodside North LLC · 4 yrs held
Woodside North LLC
since 2022
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
LI · Ankeny, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.8M
+109.3%
Auto repair, garage
$2.5M
+88.8%
Medical building
$2.5M
+83.5%
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
$1,850,000
ML approach
$1,900,000
CAP Approach
CAP Return
Estimation
6%
$2,100,000
6.5%
$1,940,000
7%
$1,800,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,340,000
Current use
RESTAURANT
$2,805,000
Change: +109% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,530,000
Change: +89% · Conversion: Easy
MEDICAL BUILDING
$2,460,000
Change: +84% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,335,000
Change: +74% · Conversion: Difficult
RETAIL STORES
$1,900,000
Change: +42% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,850,000
Change: +38% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,605,000
Change: +20% · Conversion: Moderate
Blend value · Realmo final
$1.91M
Range $1.72M – $2.10M · ±10% · vs last sale $2.46M (Jun 28 2022)
Last sale anchor
$2.46M
Jun 28 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
$117 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$86,480
Tax year 2023
Assessed value
$3,324,010
Assessed 2024
Previous assessed
$3,320,000
+0.1% YoY
Effective rate
2.60%
On assessed value
Assessed land
$424,010
Assessed improvement
$2,900,000
Land market value
$424,010
Improvement market value
$2,900,000
Total market value
$3,324,010
Applied tax rate
8.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1997
Construction
STEEL FRAME
Heating
CENTRAL
Buildings
6
Stories
1
Total area
16,300 SF
Lot
9.66 ac (420,588 SF)
Zoning code
LI
APN
270/42401-126-012
UPID
US25-2529135
Jurisdiction
POLK
Zoning & alternative use
LI · Ankeny, IAZoning LI · permitted uses
LI · Ankeny, IA
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
WAREHOUSE, STORAGE Current
Est. value
$1.3M
RESTAURANT
Est. value
$2.8M
AUTO REPAIR, GARAGE
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$2.5M
COMMERCIAL (GENERAL)
Est. value
$2.3M
RETAIL STORES
Est. value
$1.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.6M
WAREHOUSE, STORAGE Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
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
1997
Construction
STEEL FRAME
Heating
CENTRAL
Stories
1
Buildings
6
Lot
9.66 ac
Current owner
From public records · entity-resolved
Woodside North LLC
Entity
Mailing address
6150 VLG VW DR STE #101, WEST DES MOINES, IA 50266-5889
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2026
—
Woodside North LLC
—
Deed
related
$1,718,000 · Community Business Lenders Service Compa
Feb 29, 2024
—
Woodside North LLC
—
Deed
related
$1,140,712 · Community Business Lenders Service Compa
Jun 28, 2022
$2,458,000
Woodside North LLC
Ichael Thompson Family Farms INC
Warranty Deed
$1,875,000 · Community Business Lenders Services
Sep 13, 2010
—
C Michael Thompson Fam Farms I
—
Deed Of Trust
related
$1,300,000 · Farm Credit Services America
Nov 25, 2009
—
C Michael Thompson Fam Farms
—
Deed Of Trust
related
$1,300,000 · Farm Credit Services America
Sep 1, 2005
$718,000
C Michael Thompson Fam Farms I
Liberty Bank Fsb
Warranty Deed
—
Oct 12, 2004
$800,000
State Federal S & L Association
Sheriff Of Polk County
Trustees Deed
related
—
—
—
C Michael Thompson Fam Farms I
—
Deed Of Trust
related
$768,000 · Great Western Bank
—
—
C Michael Thompson Family Farm
—
Deed Of Trust
related
$250,000 · Great Western Bank
—
—
C Michael Thompson Fam Farms I
—
Deed Of Trust
related
$625,000 · Great Western Bank
—
—
C Michael Thompson Fam Farms I
—
Deed Of Trust
related
$690,000 · Great Western 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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