Technical
Financial
Distress signals
Property profile

1913 1st St Ankeny, IA 50023

OFF-MARKET
Apartment buildings
Property ID
US25-0660950
14,204 SF 1.26 ac lot Built 1973
Entity Owned 5-yr Hold
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Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1973
Construction FRAME
Total area 14,204 SF
Lot 1.26 ac (54,973 SF)
APN 181/00392-267-203
UPID US25-0660950

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Real Estate Agency

Location

1913 1st St Ankeny, IA 50023-2454
Ankeny metro Census 10207 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.23M
CAP Approach CAP
$1.70M
Comparable Approach Comparable
$1.40M
Blend (final) Blend
$1.20M

Owner & transaction history

since 2021
Last sale
$1.3M
5 recorded transactions
2021
$1.3M
2017
$1.2M
2012
$486,000
2012
$890,000
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Retail stores $1.7M +16.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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