Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    7368 Berwick Dr Ankeny, IA 50021-8829
    Property profile & analytics

    7368 Berwick Dr, Ankeny, IA 50021-8829

    View on Map
    • Mobile home & RV parks
    • 1,996 SF
    • 29.10 lot acres
    Off-Market
    Property ID
    US25-0317755
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Woodside Homes 55+ Communities / Retirement Community
    • Advertising Specialties / Marketing & Advertising / Advertising Agency

    Property Details for 7368 Berwick Dr

    Year built
    1957
    Construction
    FRAME
    Lot size
    29.10 lot acres
    Zone code
    AT
    Property type
    Mobile home & RV parks
    APN
    181/00002-002-934
    APU
    18100002002934

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Ankeny
    County
    Polk
    State
    Iowa
    Longitude
    -93.5495
    Latitude
    41.6938
    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
    2023
    $0.00
    $943,000
    $1,367,000
    $2,310,000
    -
    $943,000
    $1,367,000
    $2,310,000

    Comparable in this City

    • Value Estimation by Request
      6,040 SF

      402 Oralabor Rd

      MOBILE HOME PARK, TRAILER PARK
      402 Oralabor Rd, Ankeny, IA 50021
      View Details
    • Value Estimation by Request
      2,624 SF

      300 Oralabor Rd

      MOBILE HOME PARK, TRAILER PARK
      300 Oralabor Rd, Ankeny, IA 50021
      View Details
    • Value Estimation
      $505,000
      6,620 SF

      1001 3rd St

      APARTMENT HOUSE (UNDER 5 UNITS)
      1001 3rd St, Ankeny, IA 50021-3334
      View Details
    • Value Estimation
      $2,985,000
      20,883 SF

      1002 Belmont Dr

      APARTMENT HOUSE (5+ UNITS)
      1002 Belmont Dr, Ankeny, IA 50021-3570
      View Details
    • Value Estimation
      $680,000
      9,993 SF

      1210 Belmont Dr

      APARTMENT HOUSE (5+ UNITS)
      1210 Belmont Dr, Ankeny, IA 50021-3584
      View Details
    • Value Estimation by Request
      70,456 SF

      305 Hayes Dr

      APARTMENT HOUSE (5+ UNITS)
      305 Hayes Dr, Ankeny, IA 50021-2123
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Trilein Village Apartments For Sale

      54-unit apartment community in Ankeny, Iowa.
      317 Northeast Trilein Dr, Ankeny, IA 50021
      View Details
    • Contact for pricing

      Ankeny 55+ Community Condo

      Well-maintained 1 bed, 1 bath condo in vibrant community.
      409 SE Delaware Ave, Ankeny, IA 50021
      View Details
    • Contact for pricing

      Spacious Condo with Modern Updates

      Updated ground floor condo with three bedrooms and detached garage.
      1107 NE 5Th Ln, Ankeny, IA 50021
      View Details
    • Contact for pricing

      New Ankeny Townhome with Garage

      Spacious 3-bedroom townhome with modern amenities and convenient location.
      1367 NE 59 Ln, Ankeny, IA 50021
      View Details
    • Contact for pricing

      New Ankeny Townhome Under Construction

      Three-bedroom, 2.5-bath townhome with a 2-car garage in Ankeny, Iowa.
      1355 NE 59 Ln, Ankeny, IA 50021
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      104,000 SF

      Ankeny Warehouse with Dock Doors

      104,000 SF warehouse in Ankeny with 33 dock doors.
      802 SE Shurfine Dr, Ankeny, IA 50021
      View Details
    • $11 SF/Yr
      2,863 SF

      Ankeny Office Space Available

      Office space available for lease in Ankeny, Iowa.
      1605 Southeast Delaware Ave, Ankeny, IA 50021
      View Details
    • $6 SF/Yr
      26,000 SF

      Ankeny Warehouse Space Available

      26,000 sqft warehouse space for lease in Ankeny, Iowa.
      7305 SE Crosswinds Dr, Ankeny, IA 50021
      View Details
    • Contact for pricing
      1,300 SF

      Ankeny Retail Space For Rent

      Retail space available in front of Target development in Ankeny.
      2005 SE Delaware Ave, Ankeny, IA 50021
      View Details
    • Contact for pricing

      3625 SE Delaware Ave, Ankeny, IA 50021

      Commercial land
      3625 SE Delaware Ave, Ankeny, IA 50021
      View Details
    • Contact for pricing
      1 SF

      Ankeny Industrial Land - 5.5 Acres

      Prime Ankeny location, I-35 access, M-1 zoning.
      2210 Creekview Dr, Ankeny, IA 50021
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7368 Berwick Dr
    Ankeny, IA 50021-8829
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    7368 Berwick Dr, Ankeny, IA, 50021
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!