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Property profile & analytics
OFF-MARKET
Medical Office Space
1710 1st St Ankeny, IA 50023-2526
Individually Owned
~
Est. High Equity
Property ID
US25-0216885
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2008
Construction
CONCRETE
Total area
3,996 SF
Lot
0.25 ac (10,800 SF)
Zoning code
C-1
APN
181/00392-142-003
UPID
US25-0216885
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
-
Martin Aaron M DC Alternative Medicine Practice
-
Dr. Sean Delahunt Alternative Medicine Practice
-
Iowa Chiropractic Clinic & Sports Injuries - Ankeny Alternative Medicine Practice
-
Nicholas Johnson Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ankeny Christian Academy
Ankeny Christian Academy
since 2026
7 recorded transactions
Zoning & alternative use
C-1 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$13,672
Tax year 2020
Assessed value
$584,000
Assessed 2023
Previous assessed
$584,000
+0.0% YoY
Effective rate
2.34%
On assessed value
Assessed land
$102,000
Assessed improvement
$482,000
Land market value
$102,000
Improvement market value
$482,000
Total market value
$584,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2008
Construction
CONCRETE
Heating
CENTRAL
Cooling
YES
Buildings
1
Stories
1
Rooms
12
Bathrooms
2
Total area
3,996 SF
Lot
0.25 ac (10,800 SF)
Zoning code
C-1
APN
181/00392-142-003
UPID
US25-0216885
Jurisdiction
POLK
Zoning & alternative use
C-1 · Ankeny, IA
Zoning C-1 · permitted uses
C-1 · 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
2008
Construction
CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
1
Rooms
12
Bathrooms
2
Lot
0.25 ac
Current owner
From public records · entity-resolved
Ankeny Christian Academy
Individual
Mailing address
9642 NW 47TH CT, POLK CITY, IA 50226-2104
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 16, 2026
$1,300,000
Ankeny Christian Academy
Martin Investments LLC
Warranty Deed
—
Feb 10, 2022
—
Martin Investments Lls
—
Deed
related
$381,540 · Fnb Bank
Jul 10, 2018
—
Martin Investments LLC
—
Deed
related
$377,727 · Fnb Bank
Jul 27, 2007
$225,000
Martin Investments LLC
Community State Bank
Warranty Deed
$368,000 · Community State Bank
—
—
Martin Investments LLC
—
Deed Of Trust
related
$635,000 · Community State Bank
—
—
Ankeny Christian Academy
—
Deed Of Trust
related
—
—
—
Martin Investments LLC
—
Deed Of Trust
related
$175,000 · Community State 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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