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Property profile & analytics
OFF-MARKET
Retail space
324 Maple St Ankeny, IA 50023-2915
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0225501
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1957
Construction
TYPE NOT SPECIFIED
Total area
6,457 SF
Lot
0.23 ac (10,032 SF)
Zoning code
C-2A
APN
181/00209-045-000
UPID
US25-0225501
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
-
Blue Thistle Garden Center Landscaping
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
98 Investments LLC · 8 yrs held
98 Investments LLC
since 2018
7 recorded transactions
Zoning & alternative use
C-2A · 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
$5,458
Tax year 2020
Assessed value
$231,000
Assessed 2023
Previous assessed
$231,000
+0.0% YoY
Effective rate
2.36%
On assessed value
Assessed land
$51,400
Assessed improvement
$179,600
Land market value
$51,400
Improvement market value
$179,600
Total market value
$231,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1957
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
YES
Buildings
1
Stories
2
Rooms
5
Bathrooms
1
Total area
6,457 SF
Lot
0.23 ac (10,032 SF)
Zoning code
C-2A
APN
181/00209-045-000
UPID
US25-0225501
Jurisdiction
POLK
Zoning & alternative use
C-2A · Ankeny, IA
Zoning C-2A · permitted uses
C-2A · 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
1957
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
2
Buildings
1
Rooms
5
Bathrooms
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
98 Investments LLC
Entity
Mailing address
6750 WESTOWN PKWY STE #200, WEST DES MOINES, IA 50266-7717
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2026
—
98 Investments LLC
—
Deed
related
$700,000 · Two Rivers Bank And Trust
Feb 23, 2018
—
98 Investments LLC
All Star Masonry LLC
Warranty Deed
related
—
Mar 9, 2016
—
All Star Masonry LLC
Mrp1031 LLC
Quit Claim Deed
related
—
Mar 9, 2016
$120,000
All Star Masonry LLC
Grp1031 LLC
Warranty Deed
—
Nov 13, 2013
—
Mrp1031 LLC
Pitts,marcus R
Quit Claim Deed
related
—
Sep 9, 2013
$200,000
Marcus R Pitts
Faulkner Rentals LLC
Warranty Deed
$100,000 · Community Choice Cu
Aug 20, 2008
—
Patricia A Faulkner
Faulkner D O Living Trust
Quit Claim Deed
related
—
—
—
Mrp 1031 LLC
—
Deed Of Trust
related
$20,000 · Community Choice 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.
Try Rey
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