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Property profile & analytics
OFF-MARKET
Medical Office Space
2302 1st St Ankeny, IA 50023-5106
Entity Owned
~
Est. High Equity
Property ID
US25-0215950
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1991
Construction
FRAME
Total area
4,268 SF
Lot
0.36 ac (15,800 SF)
Zoning code
C-2
APN
181/00495-012-000
UPID
US25-0215950
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
-
Dr. Kevin Bloyer Alternative Medicine Practice
-
Bloyer Chiropractic and Wellness, PLLC Alternative Medicine Practice
-
Alexander Midkiff Alternative Medicine Practice
-
Alexander Jay Midkiff Alternative Medicine Practice
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
City Of Ankeny
City Of Ankeny
since 2025
Last sale
$5,500
7 recorded transactions
Zoning & alternative use
C-2 · Ankeny, IA
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
$9,426
Tax year 2020
Assessed value
$436,000
Assessed 2023
Previous assessed
$436,000
+0.0% YoY
Effective rate
2.16%
On assessed value
Assessed land
$128,000
Assessed improvement
$308,000
Land market value
$128,000
Improvement market value
$308,000
Total market value
$436,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1991
Construction
FRAME
Heating
CENTRAL
Cooling
YES
Buildings
1
Stories
1
Rooms
6
Bathrooms
2
Total area
4,268 SF
Lot
0.36 ac (15,800 SF)
Zoning code
C-2
APN
181/00495-012-000
UPID
US25-0215950
Jurisdiction
POLK
Zoning & alternative use
C-2 · Ankeny, IA
Zoning C-2 · permitted uses
C-2 · Ankeny, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ankeny. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1991
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
1
Rooms
6
Bathrooms
2
Lot
0.36 ac
Current owner
From public records · entity-resolved
City Of Ankeny
Entity
Mailing address
2302 W 1ST ST, ANKENY, IA 50023-5106
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 21, 2025
$5,500
City Of Ankeny
Bloyer Rentals LLC
Warranty Deed
—
Apr 9, 2019
—
Bloyer Rentals LLC
—
Deed
related
$170,000 · Miscellaneous Govt Agcy
Dec 17, 2018
$395,000
Bloyer Rentals LLC
Lensch Professional Dental Building
Warranty Deed
$371,700 · First National Bank Ames Iowa
Feb 8, 2011
$185,000
Lensch Prof Dental Building Ll
J-l Professional Bldg LLC
Warranty Deed
$279,279 · Northwest Bank
Jun 6, 2008
—
Building Jagnandan-lensch
—
Trustees Deed
related
$110,470 · Northwest Bank
Feb 14, 2008
—
Building Jagnandan-lensch
—
Trustees Deed
related
$112,050 · Northwest Bank
—
—
Bloyer Rentals LLC
—
Deed Of Trust
related
$170,000 · Miscellaneous Govt Agcy
—
—
J-l Professional Building LLC
—
Deed Of Trust
related
$110,470 · Northwest 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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