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Property profile & analytics
OFF-MARKET
Mobile home & RV parks

7368 Berwick Dr Ankeny, IA 50021-8829

1,996 SF 29.1 ac lot Built 1957
Entity Owned Absentee Owner ~ Est. High Equity
Property ID
US25-0317755
Property summary
AI-generated overview

This 99-unit mobile home park, situated on 63.68 acres in Ankeny, Iowa (zip code 50021, Polk County), presents a compelling value-add investment opportunity. Currently operating at 11.1% occupancy, the park boasts a beautiful inventory of existing homes and features five newly installed doublewide homes ready for immediate occupancy. The property benefits from concrete roads and drives, and a planned city sewer connection is underway. All units have access to public water, electric, and gas services. Recent renovations in 2024 have significantly enhanced the property's appeal. The park is zoned R1 and is located in a highly desirable Ankeny suburb, an area known for its high median home prices. With current area lot rents reaching the $700s and $800s, this property offers significant potential for infill development and increased rental income. New entry signage further enhances the community's curb appeal. This is an exceptional chance to acquire a well-positioned mobile home park in a thriving market, poised for substantial growth and return on investment.

Property profile
Verified
Property type Mobile home & RV parks
Use group MOBILE HOME PARK, TRAILER PARK
Year built 1957
Construction FRAME
Total area 1,996 SF
Lot 29.1 ac (1,267,596 SF)
Zoning code AT
APN 181/00002-002-934
UPID US25-0317755
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
  • Woodside Homes 55+ Communities Retirement Community
  • Advertising Specialties Marketing & Advertising Advertising Agency
Value estimations
Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Shepherds Grove LLC
Shepherds Grove LLC
since 2025
1 recorded transaction
2025
Price N/A
Zoning & alternative use
AT · Ankeny, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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