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Property profile & analytics
OFF-MARKET
Investment properties
202 Cherry St Ankeny, IA 50023-3008
Individually Owned
11-yr Hold
Property ID
US25-0022955
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2002
Construction
FRAME
Total area
3,759 SF
Lot
0.26 ac (11,220 SF)
APN
181/00134-006-000
UPID
US25-0022955
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
-
Metamorphosis Organic Massage Alternative Medicine Practice Spa & Massage Center
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Katie Kitterman Photography (Bike/Boat/Book/etc) Store Photography Service
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Des Moines Acupuncture Medical Clinic Alternative Medicine Practice
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Elaina Rose Boudoir Photography Service (Bike/Boat/Book/etc) Store
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Diana Marie Photography Photography Service (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Natalie S Gendle · 11 yrs held
Natalie S Gendle
since 2015
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$7,740
Tax year 2020
Assessed value
$198,000
Assessed 2023
Previous assessed
$198,000
+0.0% YoY
Effective rate
3.91%
On assessed value
Assessed land
$25,380
Assessed improvement
$172,620
Land market value
$25,380
Improvement market value
$172,620
Total market value
$198,000
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
2002
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
2
Rooms
6
Bathrooms
3
Total area
3,759 SF
Lot
0.26 ac (11,220 SF)
APN
181/00134-006-000
UPID
US25-0022955
Jurisdiction
POLK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2002
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
2
Rooms
6
Bathrooms
3
Lot
0.26 ac
Current owner
From public records · entity-resolved
Natalie S Gendle
Individual
Mailing address
202 SW CHERRY ST, ANKENY, IA 50023-3008
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 13, 2015
$365,000
Natalie S Gendle
Wylie Nicholas J & Kambra L
Warranty Deed
$328,500 · First American Bk/fl
Sep 7, 2006
$244,500
Nicholas J Wylie
Kenneth A Blackledge
Warranty Deed
$195,500 · Wells Fargo Bank NA
—
—
Nicholas J Wylie
—
Deed Of Trust
related
$292,649 · Luana Savings Bank
—
—
Nicholas J Wylie
—
Deed Of Trust
related
$308,000 · Bank Of America
—
—
Nicholas J Wylie
—
Deed Of Trust
related
$300,000 · Luana Savings Bank
—
—
Nicholas J Wylie
—
Deed Of Trust
related
$38,750 · Luana Savings Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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