Technical
Financial
Distress signals
Property profile

1685 Delaware Ave Ankeny, IA 50021

OFF-MARKET
Retail properties & Spaces
Property ID
US25-0023577
4,026 SF 0.46 ac lot Built 2002
Entity Owned 21-yr Hold Free & Clear
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Property profile

Verified
Property type Retail properties & Spaces
Use group SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built 2002
Construction STEEL FRAME
Total area 4,026 SF
Lot 0.46 ac (20,104 SF)
Zoning code C-2
APN 181/00495-007-004
UPID US25-0023577

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Repair Shop

Location

1685 Delaware Ave Ankeny, IA 50021-4511
Ankeny metro Census 10212 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$345k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$435k

Owner & transaction history

since 2005
5 recorded transactions
2017
Price N/A
2005
$9.1M
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C-2 · Ankeny, IA
Zoning description

192.09 C-2 GENERAL RETAIL, HIGHWAY ORIENTED, AND CENTRAL BUSINESS COMMERCIAL DISTRICT. The C-2 District is intended to provide for major retail shopping areas outside the downtown area. These districts include, as well,…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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