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Property profile & analytics
OFF-MARKET Estimated value $1,655,000
Hotels

201 Delaware Ave Ankeny, IA 50021-9345

24,826 SF 1.1 ac lot Built 1991
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US25-0105846
Property profile
Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 1991
Construction FRAME
Total area 24,826 SF
Lot 1.1 ac (47,829 SF)
Zoning code C-2
APN 181/00529-051-001
UPID US25-0105846
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
  • Heartland Inn Hotel & Motel
  • Quality Inn & Suites Ankeny-Des Moines Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.59M
CAP Approach CAP
$2.32M
Comparable Approach Comparable
$1.39M
Blend (final) Blend
$1.66M
Owner & transaction history
Ambaa Property LLC · 4 yrs held
Ambaa Property LLC
since 2021
Last sale
$1.7M
4 recorded transactions
2021
$1.7M
2009
$1.5M
2005
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
Neighborhood: shopping center $2.5M +35.7%
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