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Property profile & analytics
OFF-MARKET
Estimated value
$1,005,000
Investment properties
1680 Ankeny Rd A Ankeny, IA 50023-8270
Individually Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US25-1389180
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2015
Construction
FRAME
Total area
5,980 SF
Lot
0.3 ac (13,154 SF)
APN
181/00424-990-301
UPID
US25-1389180
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
-
Cullen & Associates Inc. Insurance Agency
-
ABg - Affiliated Builders Group - Des Moines Construction Company
-
Skyline Lofts Apartment Complex
-
Mid-Iowa IME Physician Medical Clinic
-
Anna Thomas, Realtor at LPT Realty Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$910k
Comparable Approach
Comparable
$1.11M
Blend (final)
Blend
$1.01M
Owner & transaction history
Clarence D Hyatt · 8 yrs held
Clarence D Hyatt
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.0M
+19.2%
Auto repair, garage
$930,000
+7.5%
Medical building
$905,000
+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%
$985,000
6.5%
$910,000
7%
$845,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$865,000
Current use
RESTAURANT
$1,030,000
Change: +19% · Conversion: Difficult
AUTO REPAIR, GARAGE
$930,000
Change: +8% · Conversion: Difficult
MEDICAL BUILDING
$905,000
Change: +4% · Conversion: Easy
RETAIL STORES
$700,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$1.01M
Range $905k – $1.11M · ±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
$168 / 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
$26,934
Tax year 2020
Assessed value
$1,010,000
Assessed 2023
Previous assessed
$1,010,000
+0.0% YoY
Effective rate
2.67%
On assessed value
Assessed land
$63,300
Assessed improvement
$946,700
Land market value
$63,300
Improvement market value
$946,700
Total market value
$1,010,000
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
2015
Construction
FRAME
Heating
NONE
Buildings
1
Stories
1
Total area
5,980 SF
Lot
0.3 ac (13,154 SF)
APN
181/00424-990-301
UPID
US25-1389180
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
$865,000
RESTAURANT
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$930,000
MEDICAL BUILDING
Est. value
$905,000
RETAIL STORES
Est. value
$700,000
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
2015
Construction
FRAME
Heating
NONE
Stories
1
Buildings
1
Lot
0.3 ac
Current owner
From public records · entity-resolved
Clarence D Hyatt
Individual
Free & Clear · 8 yrs held
Mailing address
3611 NE OTTERVIEW CIR STE #42, ANKENY, IA 50021-7775
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 17, 2020
—
Rock Equity Hldgs II LLC
—
Deed Of Trust
related
$422,500 · Iowa St Bk
Jun 23, 2020
—
Greenland Hms INC
—
Deed Of Trust
related
$204,000 · First Nat'l Bk Ames Ia
Jul 17, 2019
—
Premier Hm Ntwk INC
—
Deed
related
$272,250 · First Nat'l Bk
Jun 20, 2019
—
Greenland Hms INC
—
Deed
related
$168,800 · Community St Bk
Jun 7, 2019
—
Greenland Hms INC
—
Trustees Deed
related
$90,450 · Trubank
Feb 6, 2019
—
Premier Hm Ntwk INC
—
Trustees Deed
related
$185,776 · Community St Bk
Jan 17, 2019
—
Rock Equity Hldgs LLC
—
Deed
related
$436,202 · City St Bk
Jun 20, 2018
—
Rock Equity Hldgs LLC
—
Trustees Deed
related
$1,125,000 · South Story Bk&tr
Jun 14, 2018
$189,900
Clarence D Hyatt
Rock Equity Hldgs LLC
Warranty Deed
—
Sep 20, 2017
—
Rock Equity Holdings LLC
—
Grant Deed
related
$5,800,000 · City St Bk
—
—
Rock Equity Hldgs LLC
—
Deed Of Trust
related
$436,202 · City St Bk
—
—
Greenland Hms INC
—
Deed Of Trust
related
$168,800 · Community St Bk
—
—
Premier Hm Ntwk INC
—
Deed Of Trust
related
$272,250 · First Nat'l 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.
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