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Property profile & analytics
OFF-MARKET
Estimated value
$1,465,000
Apartment buildings
2701 Peachtree Dr Ankeny, IA 50021-7216
Entity Owned
5-yr Hold
Absentee Owner
Property ID
US25-0169674
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2003
Construction
FRAME
Total area
15,496 SF
Lot
1.44 ac (62,639 SF)
Zoning code
R-3
APN
181/00626-093-535
UPID
US25-0169674
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
-
Peachtree Apartments Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.21M
CAP Approach
CAP
$1.85M
Comparable Approach
Comparable
$1.84M
Blend (final)
Blend
$1.47M
Owner & transaction history
Peach Tree Ankeny Owner LLC · 5 yrs held
Peach Tree Ankeny Owner LLC
since 2020
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
R-3 · Ankeny, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.4M
+36.9%
Medical building
$2.3M
+33.1%
Commercial (general)
$2.2M
+26.4%
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
$1,135,000
ML approach
$1,210,000
CAP Approach
CAP Return
Estimation
6%
$2,005,000
6.5%
$1,850,000
7%
$1,715,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,760,000
Current use
AUTO REPAIR, GARAGE
$2,405,000
Change: +37% · Conversion: Difficult
MEDICAL BUILDING
$2,340,000
Change: +33% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,220,000
Change: +26% · Conversion: Moderate
RETAIL STORES
$1,810,000
Change: +3% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,530,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$1.47M
Range $1.32M – $1.61M · ±10% · vs last sale $1.38M (Dec 3 2020)
Last sale anchor
$1.38M
Dec 3 2020
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
$95 / 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
$24,476
Tax year 2020
Assessed value
$1,690,000
Assessed 2023
Previous assessed
$1,690,000
+0.0% YoY
Effective rate
1.45%
On assessed value
Assessed land
$224,000
Assessed improvement
$1,466,000
Land market value
$224,000
Improvement market value
$1,466,000
Total market value
$1,690,000
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
2003
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
2
Units
16
Total area
15,496 SF
Lot
1.44 ac (62,639 SF)
Zoning code
R-3
APN
181/00626-093-535
UPID
US25-0169674
Jurisdiction
POLK
Zoning & alternative use
R-3 · Ankeny, IA
Zoning R-3 · permitted uses
R-3 · 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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$2.4M
MEDICAL BUILDING
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$2.2M
RETAIL STORES
Est. value
$1.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
2003
Construction
FRAME
Heating
HOT WATER
Stories
2
Buildings
1
Units
16
Lot
1.44 ac
Current owner
From public records · entity-resolved
Peach Tree Ankeny Owner LLC
Entity
Mailing address
535 MADISON AVE FL #19, NEW YORK, NY 10022-4264
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2020
—
Peach Tree Ankeny Owner LLC
Peachtree Apts Cooperative
Correction Deed
related
—
Dec 3, 2020
$1,375,000
Peach Tree Ankeny Owner LLC
Peachtree Apts Coop
Grant Deed
related
$1,110,000 · Jll R/e Cap LLC
Oct 2, 2012
—
Peachtree Apartments Cooperati
Peachtree Apts LLC
Quit Claim Deed
related
—
Jul 16, 2012
—
Peachtree Apts LLC
Peachtree Apartments Lc
Quit Claim Deed
related
—
May 31, 2012
$860,000
Peachtree Apts LLC
Peachtree Apartments Lc
Warranty Deed
$748,000 · University Of Ia Community Cu
Jan 21, 2004
$777,580
Peachtree Apartments Lc
Curtis Dev
Grant Deed
—
—
—
Peachtree Apartments Lc
—
Deed Of Trust
related
—
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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