Property profile

206 Delaware Ave Ankeny, IA 50021

OFF-MARKET
Hotels
Property ID
US25-2588024
22,880 SF 1.71 ac lot Built 1995
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 1995
Construction FRAME
Total area 22,880 SF
Lot 1.71 ac (74,270 SF)
Zoning code C-2
APN 181/00229-008-101
UPID US25-2588024

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
  • Hotel & Motel
  • Kennel & Boarding Facility Animal Training

Location

206 Delaware Ave Ankeny, IA 50021-6530
Ankeny metro Census 10211 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$980k
CAP Approach CAP
by Request
Comparable Approach Comparable
$590k
Blend (final) Blend
$900k

Owner & transaction history

since 2021
Last sale
$940,000
4 recorded transactions
2021
$940,000
2014
$2.0M
2007
$2.0M
1969
Price N/A

Zoning & alternative use

C-2 · Ankeny, IA
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,…

General category COMMERCIAL

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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