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Property profile & analytics
OFF-MARKET Estimated value $725,000
Strip malls

316 Ankeny Blvd Ankeny, IA 50023-3127

9,296 SF 0.7 ac lot Built 1969
Individually Owned ~ Est. High Equity
Property ID
US25-2558001
Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1969
Construction FRAME
Total area 9,296 SF
Lot 0.7 ac (30,370 SF)
Zoning code C-2
APN 181/00526-005-000
UPID US25-2558001
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
  • Builder's Cabinet Design Hardware & Home Improvement Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$810k
CAP Approach CAP
by Request
Comparable Approach Comparable
$567k
Blend (final) Blend
$725k
Owner & transaction history
State Of Iowa
State Of Iowa
since 2025
6 recorded transactions
2025
$124,460
2025
Price N/A
2023
Price N/A
2006
$852,000
2006
Price N/A
2006
$850,000
Zoning & alternative use
C-2 · Ankeny, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

192.09 C-2 GENERAL RETAIL, HIGHWAY ORIENTED, AND CENTRAL BUSINESS COMMERCIAL DISTRICT. The C-2 District is intended to provide for major retail shopping areas outside the downtown area. These districts include, as well, much of the strip commercial property existing along the major streets and highways of the City. The uses permitted are intended to accommod…

Zone name General Retail Highway Oriented And Central Business Commercial
General category COMMERCIAL
Zone area 1,447.00 ac
Top alternative use upside
Retail stores $1.1M +18.3%
Apartment house (5+ units) $935,000 +1.8%
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