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Property profile & analytics
OFF-MARKET
Estimated value
$1,355,000
Medical Office Space
1711 Plz Pkwy Ankeny, IA 50023-7013
Entity Owned
~
Est. High Equity
Property ID
US25-0559389
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2015
Construction
FRAME
Total area
8,112 SF
Lot
0.99 ac (42,907 SF)
Zoning code
PUD
APN
181/15775-242-000
UPID
US25-0559389
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
-
Body Sanctuary Alternative Medicine Practice
-
Engineered Performance by DMOS Medical Clinic
-
Emily Hilderbrand Physician
-
Big Acai Bowl - Ankeny Restaurant
-
Dr. Joseph Glenn Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.16M
CAP Approach
CAP
$1.39M
Comparable Approach
Comparable
$1.03M
Blend (final)
Blend
$1.36M
Owner & transaction history
1711 Partners LLC
1711 Partners LLC
since 2025
Last sale
$1.7M
5 recorded transactions
Zoning & alternative use
PUD · Ankeny, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.4M
+14.0%
Auto repair, garage
$1.3M
+2.9%
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
$1,245,000
ML approach
$1,160,000
CAP Approach
CAP Return
Estimation
6%
$1,500,000
6.5%
$1,385,000
7%
$1,285,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,225,000
Current use
RESTAURANT
$1,395,000
Change: +14% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,260,000
Change: +3% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,170,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$1.36M
Range $1.22M – $1.49M · ±10% · vs last sale $1.66M (Dec 20 2022)
Last sale anchor
$1.66M
Dec 20 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
$167 / 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
$40,162
Tax year 2020
Assessed value
$1,520,000
Assessed 2023
Previous assessed
$1,520,000
+0.0% YoY
Effective rate
2.64%
On assessed value
Assessed land
$542,000
Assessed improvement
$978,000
Land market value
$542,000
Improvement market value
$978,000
Total market value
$1,520,000
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
2015
Construction
FRAME
Heating
NONE
Buildings
1
Stories
4
Total area
8,112 SF
Lot
0.99 ac (42,907 SF)
Zoning code
PUD
APN
181/15775-242-000
UPID
US25-0559389
Jurisdiction
POLK
Zoning & alternative use
PUD · Ankeny, IA
Zoning PUD · permitted uses
PUD · 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.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.2M
RESTAURANT
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.2M
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
4
Buildings
1
Lot
0.99 ac
Current owner
From public records · entity-resolved
1711 Partners LLC
Entity
Mailing address
2110 SW COLLEGE AVE, ANKENY, IA 50023-7180
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2025
$2,125,000
1711 Partners LLC
Cee 3 LLC
Warranty Deed
$1,500,000 · Central State Bank
Dec 20, 2022
$1,656,000
Cee3 LLC
Tlc3 LLC
Warranty Deed
$1,656,000 · State Savings Bank
May 9, 2014
$394,000
Tlc 3 LLC
Salacl LLC
Warranty Deed
$1,100,000 · State Savings Bank
Feb 7, 2014
$386,500
Salacl LLC
Dra Properties Lc
Warranty Deed
$289,500 · State Savings Bank
—
—
Tlc 3 LLC
—
Loan Modification
related
$1,240,000 · State Svgs
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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