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Property profile & analytics
FOR LEASE
Strip malls

2005 SE Delaware Ave Ankeny, IA 50021

13,065 SF 1.26 ac lot Built 2001
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US25-0229387
Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2001
Construction FRAME
Total area 13,065 SF
Lot 1.26 ac (54,886 SF)
Zoning code C-2
APN 181/00229-905-000
UPID US25-0229387
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
  • Oreck Clean Home Center Home Appliance Store (Bike/Boat/Book/etc) Store
  • Kay Jewelers (Bike/Boat/Book/etc) Store
  • Northern Lights Pizza-ANKENY Restaurant
  • Smiles on Delaware Dental Office
  • David J. Schrad, DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.26M
Blend (final) Blend
$1.10M
Owner & transaction history
Kimberley Properties INC · 2 yrs held
Kimberley Properties INC
since 2023
2 recorded transactions
2023
Price N/A
1969
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
Retail stores $1.5M +18.3%
Apartment house (5+ units) $1.5M +15.1%
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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