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Property profile & analytics
OFF-MARKET
Apartment buildings
305 Hayes Dr Ankeny, IA 50021-2123
Entity Owned
5-yr Hold
Free & Clear
Property ID
US25-0552525
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2017
Construction
FRAME
Total area
70,456 SF
Lot
7.93 ac (345,387 SF)
Zoning code
C-2
APN
181/00391-160-002
UPID
US25-0552525
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
-
Serenity Stream TV Theater & Performing Art Venue Nightclub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Lake Shr Owner LLC · 5 yrs held
Lake Shr Owner LLC
since 2020
Last sale
$33.2M
3 recorded transactions
Zoning & alternative use
C-2 · Ankeny, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$126,244
Tax year 2020
Assessed value
$8,820,000
Assessed 2023
Previous assessed
$8,820,000
+0.0% YoY
Effective rate
1.43%
On assessed value
Assessed land
$445,000
Assessed improvement
$8,375,000
Land market value
$445,000
Improvement market value
$8,375,000
Total market value
$8,820,000
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
2017
Construction
FRAME
Heating
NONE
Buildings
1
Stories
4
Units
63
Total area
70,456 SF
Lot
7.93 ac (345,387 SF)
Zoning code
C-2
APN
181/00391-160-002
UPID
US25-0552525
Jurisdiction
POLK
Zoning & alternative use
C-2 · Ankeny, IA
Zoning C-2 · permitted uses
C-2 · 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.
Building & site characteristics
From public records
Year built
2017
Construction
FRAME
Heating
NONE
Stories
4
Buildings
1
Units
63
Lot
7.93 ac
Current owner
From public records · entity-resolved
Lake Shr Owner LLC
Entity
Free & Clear · 5 yrs held
Mailing address
535 MADISON AVE FL #19, NEW YORK, NY 10022-4264
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2020
$33,200,000
Lake Shr Owner LLC
Wanda Mnr Cooperative
Grant Deed
—
Jul 18, 2016
—
Wanda Manor Cooperative
—
Deed Of Trust
related
$7,320,000 · Uiccu Fin'l
Apr 28, 2016
$270,000
Wanda Manor Cooperative
Pedcor Investments
Warranty Deed
$270,000 · University Of Iowa Community Cu
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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