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    Property profile & analytics

    2075 Ankeny Blvd Ankeny, IA 50023-4702

    • Grocery and convenience stores
    • 21,975 SF
    • 3.03 lot acres
    OFF-MARKET
    Value Estimations
    $2,915,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US25-0102251
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • ALDI / Specialty Food Shop / Supermarket

    Property Details for 2075 Ankeny Blvd

    Year built
    2018
    Construction
    STEEL FRAME
    Lot size
    3.03 lot acres
    Property size
    21,975 SF
    Property type
    Grocery and convenience stores
    APN
    181/14450-000-102
    APU
    18114450000102

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,380,000
      6.5%
      $3,120,000
      7%
      $2,895,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,603,000
      Market price range: $1.32M - $3.84M
      AI Estimate
      $2,024,000
      Market price range: $481k - $2.26M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,565,000
      Current use
      RESTAURANT
      $3,785,000
      Change: +48% Conversion: Easy
      AUTO REPAIR, GARAGE
      $3,415,000
      Change: +33% Conversion: Difficult
      MEDICAL BUILDING
      $3,315,000
      Change: +29% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $3,175,000
      Change: +24% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $2,205,000
      Change: -14% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $2,165,000
      Change: -15% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Ankeny
    County
    Polk
    State
    Iowa
    Longitude
    -93.5995
    Latitude
    41.7491
    CBSA code
    19780
    CBSA name
    DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $56,932
    $1,400,000
    $2,300,000
    $3,700,000
    -
    $1,400,000
    $2,300,000
    $3,700,000

    Comparable in this City

    • Value Estimation
      $1,950,000
      23,994 SF

      3205 Ankeny Blvd

      GROCERY, SUPERMARKET • 23,994 SF
      3205 Ankeny Blvd, Ankeny, IA 50023-4706
      View Details
    • Value Estimation by Request
      3,312 SF

      1825 Ankeny Blvd

      CONVENIENCE STORE • 3,312 SF
      1825 Ankeny Blvd, Ankeny, IA 50023-4768
      View Details
    • Value Estimation by Request
      2,376 SF

      302 Ankeny Blvd

      CONVENIENCE STORE • 2,376 SF
      302 Ankeny Blvd, Ankeny, IA 50023-3127
      View Details
    • Value Estimation
      $710,000
      4,104 SF

      414 Ankeny Blvd

      CONVENIENCE STORE • 4,104 SF
      414 Ankeny Blvd, Ankeny, IA 50023-1761
      View Details
    • Value Estimation by Request
      2,496 SF

      1602 1st St

      CONVENIENCE STORE • 2,496 SF
      1602 1st St, Ankeny, IA 50023-2525
      View Details
    • Value Estimation
      $12,955,000
      93,392 SF

      1710 Oralabor Rd

      GROCERY, SUPERMARKET • 93,392 SF
      1710 Oralabor Rd, Ankeny, IA 50023-7007
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      12,486 SF

      Mixed-Use Development For Sale

      20,400 SF mixed-use property with retail, office, and apartments.
      7040 NE 14Th St, Ankeny, IA 50023
      View Details
    • $2,050,000
      6,784 SF

      Ankeny Storefront Investment Opportunity

      High-return Ankeny storefront, 100% occupied.
      1850 Plz Shops Ln, Ankeny, IA 50023
      View Details
    • $2,000,000
      6,656 SF

      Plaza Shops Lane Office Building

      Ankeny, IA Office/Retail Investment Opportunity
      1910 Plz Shops Ln, Ankeny, IA 50023
      View Details
    • $3,417,227
      6,358 SF

      Ankeny Mixed-Use Investment

      High-yield Ankeny property, 6,358 SF.
      7040 14Th St, Ankeny, IA 50023
      View Details
    • Contact for pricing
      4,272 SF

      Ankeny Executive Office Building

      Prime Ankeny location, 4,272 SF office space
      306 Ankeny Blvd, Ankeny, IA 50023
      View Details
    • $1,420,927
      2.33 Acres

      Ankeny Commercial Land - 2.33 Acres

      Prime Ankeny location, C-2 zoning, high traffic.
      0 18Th St, Ankeny, IA 50023
      View Details

    Similar Nearby for Lease

    • $26 SF/Yr
      32,617 SF

      Prime Ankeny Retail Space

      1,787 SF Retail Space Available in Thriving Ankeny
      1615 Main St, Ankeny, IA 50023
      View Details
    • $13 SF/Yr

      Retail Space in Ankeny Center

      800 SF retail space in a visible community shopping center.
      502 North Ankeny Blvd, Ankeny, IA 50023
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space on West 1st

      Retail space available on a major thoroughfare in Ankeny, IA.
      2202 W 1St St, Ankeny, IA 50023
      View Details
    • Contact for pricing
      610 SF

      Retail Space in Ankeny Center

      610 SF retail space available in Ankeny, Iowa.
      308-324 S Ankeny Blvd, Ankeny, IA 50023
      View Details
    • Contact for pricing
      1,878 SF

      Retail and Office Space Available

      Retail and office spaces for rent in Ankeny, Iowa.
      2295 SW State St, Ankeny, IA 50023
      View Details
    • Contact for pricing
      1,508 SF

      Retail Space in Growing Ankeny

      Retail space available in Ankeny's Prairie Trail community.
      1450 SW Vintage Pkwy, Ankeny, IA 50023
      View Details

    Property Visit Statistics

    • Visits by month
      47.8k
    • Visitors by month
      28.1k
    • Avg Time on site
      20 min
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    Ankeny, IA 50023-4702
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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