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Property profile & analytics
OFF-MARKET
Estimated value
$770,000
Industrial properties
801 Ordnance Rd Ankeny, IA 50023-2823
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US25-0366543
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1997
Construction
STEEL FRAME
Total area
18,200 SF
Lot
1.07 ac (46,479 SF)
Zoning code
M-1
APN
181/00522-005-501
UPID
US25-0366543
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
-
JR Motorsports Industrial Manufacturer
-
porcelain mafia Distribution Center Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$770k
Owner & transaction history
Lea Holding Company II LLC · 1 yrs held
Lea Holding Company II LLC
since 2024
7 recorded transactions
Zoning & alternative use
M-1 · Ankeny, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Ankeny submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ankeny submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$42 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$39,212
Tax year 2023
Assessed value
$1,218,000
Assessed 2024
Previous assessed
$1,218,000
+0.0% YoY
Effective rate
3.22%
On assessed value
Assessed land
$180,000
Assessed improvement
$1,038,000
Land market value
$180,000
Improvement market value
$1,038,000
Total market value
$1,218,000
Applied tax rate
6.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1997
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
YES
Buildings
1
Stories
1
Total area
18,200 SF
Lot
1.07 ac (46,479 SF)
Zoning code
M-1
APN
181/00522-005-501
UPID
US25-0366543
Jurisdiction
POLK
Zoning & alternative use
M-1 · Ankeny, IA
Zoning M-1 · permitted uses
M-1 · Ankeny, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ankeny. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1997
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
1
Lot
1.07 ac
Current owner
From public records · entity-resolved
Lea Holding Company II LLC
Entity
Free & Clear · 1 yrs held
Mailing address
210 S ANKENY BLVD, ANKENY, IA 50023-3117
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2024
—
Lea Holding Company II LLC
Kids Ix LLC
Warranty Deed
—
Feb 22, 2024
—
Lea Holding Company II LLC
—
Deed
related
$3,800,000 · Luana Savings Bank
Mar 11, 2014
$761,000
Cab Holdings LLC
Sather Investments LLC
Warranty Deed
$784,000 · Community State Bank NA
Jul 2, 2008
—
Sather Investments LLC
—
Trustees Deed
related
$584,215 · Bankers Trust Co
—
—
Sather Investments LLC
—
Deed Of Trust
related
$975,000 · Bankers Trust Co
—
—
Sather Investments LLC
—
Deed Of Trust
related
$1,010,000 · Two Rivers Bank & Trust
—
—
Cab Holdings LLC
—
Loan Modification
related
$2,000,000 · Community St Bk
—
—
Sather Investments LLC
—
Deed Of Trust
related
$975,000 · Bankers Trust Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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