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    Property profile & analytics

    502 Ankeny Blvd Ankeny, IA 50023-1755

    • Strip malls
    • 21,836 SF
    • 2.30 lot acres
    OFF-MARKET
    Value Estimation
    $2,660,000
    Last Sale
    Sep 01, 2022
    $3,168,000
    Location Intelligence
    Property ID
    US25-0383362
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Papa Murphy's | Take 'N' Bake Pizza / Pizza Restaurant / Family Restaurant
    • Burn Boot Camp / Fitness Center / Personal Trainer
    • T-J Nails / Nail Salon
    • Kimberley Plaza / Shopping Mall
    • Knee Walker Rental Ankeny / Scooter Rental Service

    Property Details for 502 Ankeny Blvd

    Year built
    1994
    Construction
    STEEL FRAME
    Lot size
    2.30 lot acres
    Property size
    21,836 SF
    Zone code
    C-2
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    181/00494-211-000
    APU
    18100494211000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,385,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,990,000
      6.5%
      $3,240,000
      7%
      $3,325,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,580,000
      Geo Method
      $3,200,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,110,000
      Retail
      $2,930,000
      Mixed-Use
      $3,175,000
      Hospitality
      $3,210,000
      Educational
      $3,290,000
      Residential Income
      $3,500,000
      Energy
      $2,830,000
      Income-Based Land
      $2,940,000
      Food Service
      $3,390,000

    Location Insight

    • Map
    • Local Demand
    City
    Ankeny
    County
    Polk
    State
    Iowa
    Longitude
    -93.6012
    Latitude
    41.736
    CBSA code
    19780
    CBSA name
    DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $51,740
    $1,160,000
    $1,760,000
    $2,920,000
    -
    $1,160,000
    $1,760,000
    $2,920,000

    Comparable in this City

    • Value Estimation by Request
      6,784 SF

      1850 Plz Shops Ln

      SHOPPING CENTER, STRIP CENTER • 6,784 SF
      1850 Plz Shops Ln, Ankeny, IA 50023-7167
      View Details
    • Value Estimation by Request
      23,343 SF

      1975 Ankeny Blvd

      SHOPPING CENTER, STRIP CENTER • 23,343 SF
      1975 Ankeny Blvd, Ankeny, IA 50023-4707
      View Details
    • Value Estimation by Request
      32,708 SF

      613 Ankeny Blvd

      SHOPPING CENTER, STRIP CENTER • 32,708 SF
      613 Ankeny Blvd, Ankeny, IA 50023-3418
      View Details
    • Value Estimation by Request
      5,652 SF

      1370 18th St Ste, Unit 101

      SHOPPING CENTER, STRIP CENTER • 5,652 SF
      1370 18th St Ste, Ankeny, IA 50023-9243
      View Details
    • Value Estimation
      $1,730,000
      11,370 SF

      717 Ankeny Blvd

      SHOPPING CENTER, STRIP CENTER • 11,370 SF
      717 Ankeny Blvd, Ankeny, IA 50023-1701
      View Details
    • Value Estimation by Request
      15,792 SF

      2005 Ankeny Blvd

      SHOPPING CENTER, STRIP CENTER • 15,792 SF
      2005 Ankeny Blvd, Ankeny, IA 50023-5427
      View Details

    Similar Nearby for Sale

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      Fully equipped restaurant with drive-thru in Ankeny, Iowa.
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    Similar Nearby for Lease

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      Retail Space in Ankeny Center

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      10,236 SF

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      View Details
    • $6 SF/Yr
      37,000 SF

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      1,706 SF Office Suite Available in Ankeny, IA
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      View Details
    • $15 SF/Yr
      1,084 SF

      Retail Space Available For Lease

      Retail space available for lease in Ankeny, Iowa.
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      View Details
    • $16 SF/Yr
      2,000 SF

      Retail Space with Outdoor Patio

      2,000 SF retail space with grease interceptor access.
      1802 N Ankeny Blvd, Ankeny, IA 50023
      View Details

    Property Visit Statistics

    • Visits by month
      523
    • Visitors by month
      281
    • Avg Time on site
      24 min
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    502 Ankeny Blvd
    Ankeny, IA 50023-1755
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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