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Property profile & analytics
OFF-MARKET
Estimated value
$8,900,000
Apartment buildings
2353 Plz Pkwy Ankeny, IA 50023-7313
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US25-0769273
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2020
Construction
FRAME
Total area
75,637 SF
Lot
5.27 ac (229,518 SF)
APN
181/00626-806-501
UPID
US25-0769273
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.03M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.90M
Owner & transaction history
TSPT15 PHASE II LLC
TSPT15 PHASE II LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$13.0M
+71.5%
Auto repair, garage
$11.8M
+54.7%
Medical building
$11.4M
+50.4%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$9,775,000
6.5%
$9,025,000
7%
$8,380,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$7,590,000
Current use
RESTAURANT
$13,020,000
Change: +72% · Conversion: Difficult
AUTO REPAIR, GARAGE
$11,750,000
Change: +55% · Conversion: Difficult
MEDICAL BUILDING
$11,415,000
Change: +50% · Conversion: Moderate
COMMERCIAL (GENERAL)
$10,925,000
Change: +44% · Conversion: Moderate
RETAIL STORES
$8,825,000
Change: +16% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,455,000
Change: -2% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$6,310,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$8.90M
Range $8.01M – $9.79M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$118 / SF
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
$14,792
Tax year 2020
Assessed value
$14,000,000
Assessed 2023
Previous assessed
$14,000,000
+0.0% YoY
Effective rate
0.11%
On assessed value
Assessed land
$981,000
Assessed improvement
$13,019,000
Land market value
$981,000
Improvement market value
$13,019,000
Total market value
$14,000,000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2020
Construction
FRAME
Heating
NONE
Buildings
4
Stories
3
Units
67
Total area
75,637 SF
Lot
5.27 ac (229,518 SF)
APN
181/00626-806-501
UPID
US25-0769273
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
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$7.6M
RESTAURANT
Est. value
$13.0M
AUTO REPAIR, GARAGE
Est. value
$11.8M
MEDICAL BUILDING
Est. value
$11.4M
COMMERCIAL (GENERAL)
Est. value
$10.9M
RETAIL STORES
Est. value
$8.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.5M
INDUSTRIAL (GENERAL)
Est. value
$6.3M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2020
Construction
FRAME
Heating
NONE
Stories
3
Buildings
4
Units
67
Lot
5.27 ac
Current owner
From public records · entity-resolved
TSPT15 PHASE II LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1404 S 181ST PLZ, OMAHA, NE 68130-3732
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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