Property profile

2405 Creekview Dr Ankeny, IA 50021

OFF-MARKET
Hotels
Property ID
US25-0243102
77,662 SF 5.32 ac lot Built 2007
Entity Owned 8-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 2007
Construction FRAME
Total area 77,662 SF
Lot 5.32 ac (231,739 SF)
Zoning code M-1
APN 181/00528-610-205
UPID US25-0243102

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
  • Take-out & Catering Catering Service
  • Charitable Organization

Location

2405 Creekview Dr Ankeny, IA 50021-8800
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
$3.25M
Blend (final) Blend
$4.67M

Owner & transaction history

since 2018
7 recorded transactions
2021
Price N/A
2018
$1.5M
2012
Price N/A
2011
Price N/A
2007
Price N/A
2007
Price N/A
2007
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
Top alternative use upside
Neighborhood: shopping center $7.7M +35.7%

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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