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Property profile

5207 Rio Ct Ankeny, IA 50021

OFF-MARKET
Truck terminals
Property ID
US25-0368501
View Sample
12,800 SF 3 ac lot Built 2002
Entity Owned 3-yr Hold Absentee Owner Free & Clear

Property profile

Verified
Property type Truck terminals
Use group TRUCK TERMINAL (MOTOR FREIGHT)
Year built 2002
Construction STEEL FRAME
Total area 12,800 SF
Lot 3 ac (130,680 SF)
Zoning code M-1
APN 181/00226-204-013
UPID US25-0368501

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bakery Production Facility

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$780k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$835k

Owner & transaction history

since 2020
Last sale
$1.0M
1 recorded transaction
2020
$1.0M

Zoning & alternative use

M-1 · Ankeny, IA
Zoning description

192.12 M-1 LIGHT INDUSTRIAL DISTRICT. The M-1 District is intended and designed to provide areas of the City suitable for activities and uses of a light industrial nature. Such districts do not require the high standards…

General category INDUSTRIAL
Top alternative use upside
Commercial (general) $985,000 +131.9%
Restaurant $910,000 +114.2%
Auto repair, garage $875,000 +105.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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