Property profile

2502 Tones Dr Ankeny, IA 50021

OFF-MARKET
Hotels
Property ID
US25-0147607
51,652 SF 2.32 ac lot Built 2018
Entity Owned 10-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 2018
Construction STEEL FRAME
Total area 51,652 SF
Lot 2.32 ac (101,059 SF)
Zoning code M-1
APN 181/00528-602-000
UPID US25-0147607

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
  • Electric Vehicle Charging Station

Location

2502 Tones Dr Ankeny, IA 50021-8860
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
$1.84M
Blend (final) Blend
$2.86M

Owner & transaction history

since 2016
6 recorded transactions
2017
Price N/A
2016
$1.6M
2013
$1.3M
2008
Price N/A
1969
Price N/A
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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