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Property profile & analytics
FOR LEASE
Strip malls

502 North Ankeny Blvd Ankeny, IA 50023

21,836 SF 2.3 ac lot Built 1994
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US25-0383362
Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1994
Construction STEEL FRAME
Total area 21,836 SF
Lot 2.3 ac (100,319 SF)
Zoning code C-2
APN 181/00494-211-000
UPID US25-0383362
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
  • Papa Murphy's | Take 'N' Bake Pizza Restaurant
  • Burn Boot Camp Gym & Fitness Center
  • T-J Nails Nail Salon
  • Kimberley Plaza Shopping Center & Mall
  • Knee Walker Rental Ankeny Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.23M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.82M
Blend (final) Blend
$2.56M
Owner & transaction history
Kimberly Plaza LLC · 3 yrs held
Kimberly Plaza LLC
since 2022
Last sale
$3.2M
4 recorded transactions
2022
$3.2M
2020
Price N/A
2019
$2.7M
1969
Price N/A
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
Restaurant $3.8M +74.6%
Auto repair, garage $3.4M +57.5%
Medical building $3.3M +53.1%
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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