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Property profile & analytics
OFF-MARKET Estimated value $665,000
Warehouses

205 Delaware Ave Ankeny, IA 50021-9345

7,992 SF 2.75 ac lot Built 2007
Entity Owned 12-yr Hold Absentee Owner Free & Clear
Property ID
US25-0169228
Property profile
Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 2007
Construction STEEL FRAME
Total area 7,992 SF
Lot 2.75 ac (119,877 SF)
Zoning code C-2
APN 181/00522-004-228
UPID US25-0169228
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
  • StorageMart Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$446k
Blend (final) Blend
$665k
Owner & transaction history
Tkg Iowa Storage LLC · 12 yrs held
Tkg Iowa Storage LLC
since 2014
2 recorded transactions
2023
Price N/A
2014
$2.3M
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 $930,000 +41.8%
Apartment house (5+ units) $905,000 +37.9%
Neighborhood: shopping center $790,000 +19.9%
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