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Property profile & analytics
OFF-MARKET
Estimated value
$985,000
Investment properties
1910 Plz Shops Ln Ankeny, IA 50023-7080
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0361855
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2011
Construction
FRAME
Total area
6,656 SF
Lot
0.41 ac (17,866 SF)
Zoning code
PUD
APN
181/15775-201-000
UPID
US25-0361855
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
$1.02M
Comparable Approach
Comparable
$1.03M
Blend (final)
Blend
$985k
Owner & transaction history
D R Horton Ia LLC · 5 yrs held
D R Horton Ia LLC
since 2021
7 recorded transactions
Zoning & alternative use
PUD · Ankeny, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.1M
+19.2%
Auto repair, garage
$1.0M
+7.5%
Medical building
$1.0M
+4.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,100,000
6.5%
$1,015,000
7%
$940,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$960,000
Current use
RESTAURANT
$1,145,000
Change: +19% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,035,000
Change: +8% · Conversion: Difficult
MEDICAL BUILDING
$1,005,000
Change: +4% · Conversion: Easy
RETAIL STORES
$775,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$985k
Range $887k – $1.08M · ±10%
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
$148 / 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
$23,706
Tax year 2020
Assessed value
$937,000
Assessed 2023
Previous assessed
$937,000
+0.0% YoY
Effective rate
2.53%
On assessed value
Assessed land
$226,000
Assessed improvement
$711,000
Land market value
$226,000
Improvement market value
$711,000
Total market value
$937,000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2011
Construction
FRAME
Heating
NONE
Buildings
1
Stories
1
Total area
6,656 SF
Lot
0.41 ac (17,866 SF)
Zoning code
PUD
APN
181/15775-201-000
UPID
US25-0361855
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
COMMERCIAL (GENERAL) Current
Est. value
$960,000
RESTAURANT
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$1.0M
RETAIL STORES
Est. value
$775,000
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
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
2011
Construction
FRAME
Heating
NONE
Stories
1
Buildings
1
Lot
0.41 ac
Current owner
From public records · entity-resolved
D R Horton Ia LLC
Entity
Mailing address
8519 NW 23RD CT, ANKENY, IA 50023-0005
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
34 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2022
—
Jjr Holdings LLC
—
Deed
related
$988,000 · Central Bank
Apr 7, 2021
$757,500
D R Horton Ia LLC
Spring Crk Ridge 2 Lc
Warranty Deed
—
Feb 22, 2021
$1,106,000
D R Horton Ia LLC
Transition Props LLC
Warranty Deed
—
Feb 10, 2021
$171,000
D R Horton Ia LLC
Hdr Land Dev LLC
Warranty Deed
—
Jan 19, 2021
$594,000
D R Horton Ia LLC
Kimberley Dev Corp
Warranty Deed
—
Nov 30, 2020
$546,500
D R Horton Ia LLC
Hdr Land Dev LLC
Warranty Deed
—
Nov 17, 2020
$50,500
D R Horton Ia LLC
Spring Crk Ridge 2 Lc
Warranty Deed
—
Oct 2, 2020
$65,000
D R Horton Ia LLC
Crosshaven I LLC
Warranty Deed
—
Sep 2, 2020
$180,000
D R Horton Ia LLC
Par Ptrs LLC
Warranty Deed
—
Jul 10, 2020
$180,000
D R Horton Ia LLC
Par Ptrs LLC
Warranty Deed
—
Jun 5, 2020
$418,500
D R Horton Ia LLC
Crosshaven I LLC
Warranty Deed
—
Jun 4, 2020
$140,000
D R Horton Ia LLC
Spring Crk Ridge Lc
Warranty Deed
—
Dec 26, 2019
$1,460,000
1810 Sw Plz Shops Lane LLC
Classic Hldgs LLC
Warranty Deed
—
Nov 12, 2019
$842,500
D R Horton Ia LLC
Dra Props LLC
Warranty Deed
—
Nov 12, 2019
$55,000
D R Horton Ia LLC
Hdr Land Dev LLC
Warranty Deed
—
May 3, 2019
$280,500
Dr Horton Ia LLC
Hdr Land Dev LLC
Warranty Deed
—
Dec 14, 2018
$832,000
D R Horton Ia LLC
Jnm Dev Hldgs LLC
Warranty Deed
—
Nov 16, 2018
—
Classic Builders INC
—
Trustees Deed
related
$209,600 · Community St Bk
Oct 29, 2018
$201,000
Classic Builders INC
Classic Dev LLC
Warranty Deed
related
—
Oct 17, 2018
$64,000
Classic Builders INC
Orton Hms LLC
Warranty Deed
—
Oct 1, 2018
—
Classic Builders INC
—
Trustees Deed
related
$249,600 · Trubank
Sep 20, 2018
$80,000
Classic Builders INC
Diligent Grand Ave 67 LLC
Warranty Deed
—
Sep 20, 2018
$90,000
Classic Builders INC
Diligent Grand Ave 67 LLC
Warranty Deed
—
Sep 11, 2018
$69,000
Classic Builders INC
Classic Dev LLC
Warranty Deed
related
—
Aug 1, 2018
$70,000
Classic Builders INC
Diamond Dev LLC
Warranty Deed
—
Aug 1, 2018
$300,000
Classic Builders INC
Dra Props Lc
Warranty Deed
—
Aug 1, 2018
$216,000
Classic Builders INC
Classic Hldgs LLC
Warranty Deed
related
—
Jul 19, 2018
—
Classic Builders INC
Classic Dev LLC
Quit Claim Deed
related
—
May 8, 2018
$78,000
Classic Builders INC
Deer Crk Ankeny INC
Warranty Deed
—
May 8, 2018
$134,000
Classic Builders INC
Classic Dev LLC
Warranty Deed
related
—
Apr 30, 2018
$79,000
Classic Builders INC
Heritage At Grimes LLC
Warranty Deed
—
Jul 6, 2015
—
Classic Builders INC
Emigdio Camu
Intrafamily Transfer
related
—
Jun 29, 2015
$25,000
Classic Builders INC
Farmer Boy Homes LLC
Warranty Deed
—
Feb 12, 2014
—
Jjr Holdings LLC
Classic Builders INC
Quit Claim Deed
related
—
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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