Property profile

2402 Tones Dr Ankeny, IA 50021

OFF-MARKET
Hotels
Property ID
US25-0407897
40,284 SF 1.95 ac lot Built 2004
Entity Owned 3-yr Hold Free & Clear
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Property profile

Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 2004
Construction FRAME
Total area 40,284 SF
Lot 1.95 ac (85,029 SF)
Zoning code M-1
APN 181/00528-610-261
UPID US25-0407897

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

Location

2402 Tones Dr Ankeny, IA 50021-8885
Ankeny metro Census 10212 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.45M
Blend (final) Blend
$2.31M

Owner & transaction history

since 2022
4 recorded transactions
2022
Price N/A
2021
Price N/A
2004
$552,570
1969
Price N/A

Zoning & alternative use

M-1 · Ankeny, IA
Zoning description

192.12 M-1 LIGHT INDUSTRIAL DISTRICT. The M-1 District is intended and designed to provide areas of the City suitable for activities and uses of a light industrial nature. Such districts do not require the high standards…

General category INDUSTRIAL

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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