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Property profile & analytics
OFF-MARKET Estimated value $2,290,000
Strip malls

1875 Ankeny Blvd Ankeny, IA 50023-4771

10,460 SF 1.58 ac lot Built 2017
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US25-0269038
Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2017
Construction FRAME
Total area 10,460 SF
Lot 1.58 ac (68,738 SF)
Zoning code C-2
APN 181/00553-070-202
UPID US25-0269038
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
  • School of Rock Tutoring Service
  • Simms Family Chiropractic Alternative Medicine Practice
  • Zoom Room Dog Training Animal Training
  • fun chinese cuisine Restaurant
  • Alphonse Portable Restrooms Ankeny Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.29M
CAP Approach CAP
$2.06M
Comparable Approach Comparable
$1.54M
Blend (final) Blend
$2.29M
Owner & transaction history
Northpointe Village Property LLC · 3 yrs held
Northpointe Village Property LLC
since 2023
Last sale
$2.4M
3 recorded transactions
2023
$2.4M
2017
Price N/A
2008
Price N/A
Zoning & alternative use
C-2 · Ankeny, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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, much of the strip commercial property existing along the major streets and highways of the City. The uses permitted are intended to accommod…

Zone name General Retail Highway Oriented And Central Business Commercial
General category COMMERCIAL
Zone area 1,447.00 ac
Top alternative use upside
Restaurant $1.8M +74.6%
Auto repair, garage $1.6M +57.5%
Medical building $1.6M +53.1%
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