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Property profile & analytics
OFF-MARKET Estimated value $650,000
Strip malls

1850 Plz Shops Ln Ankeny, IA 50023-7167

6,784 SF 0.58 ac lot Built 2014
Entity Owned 8-yr Hold Absentee Owner Free & Clear
Property ID
US25-1365775
Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2014
Construction FRAME
Total area 6,784 SF
Lot 0.58 ac (25,062 SF)
Zoning code PUD
APN 181/15775-104-001
UPID US25-1365775
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$780k
Blend (final) Blend
$650k
Owner & transaction history
Classic Hldgs 1850 LLC · 8 yrs held
Classic Hldgs 1850 LLC
since 2018
5 recorded transactions
2018
Price N/A
2018
Price N/A
2016
Price N/A
2015
Price N/A
1969
Price N/A
Zoning & alternative use
PUD · Ankeny, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

192.15 PUD PLANNED UNIT DEVELOPMENT DISTRICT. The purpose of this district is to promote and encourage development or redevelopment of tracts of land on a planned, unified basis by allowing greater flexibility and diversification than is normally permitted by conventional single lot development in other zoning districts because of the substantial public adva…

Zone name Planned Unit Development
General category PLANNED_DEVELOPMENT
Zone area 4,882.46 ac
Top alternative use upside
Auto repair, garage $1.1M +57.5%
Medical building $1.0M +53.1%
Commercial (general) $980,000 +46.5%
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