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Property profile & analytics
FOR SALE
Apartment buildings
810 E 1St St Ankeny, IA 50021
Entity Owned
5-yr Hold
Property ID
US25-0016069
For Sale
1 / 12
$3,800,000
810 E 1St St, Ankeny, IA 50021
View Listing →
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1963
Construction
FRAME
Total area
4,488 SF
Lot
0.43 ac (18,600 SF)
Zoning code
R-2
APN
181/00010-001-007
UPID
US25-0016069
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
-
Krispy Kreme Bakery Discount Store
-
Who's on 1st Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Provision Properties II LLC · 5 yrs held
Provision Properties II LLC
since 2021
Last sale
$440,000
4 recorded transactions
Zoning & alternative use
R-2 · 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
—
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 2020Property tax & assessments
Tax year 2020
Tax billed
$6,570
Tax year 2020
Assessed value
$459,000
Assessed 2023
Previous assessed
$459,000
+0.0% YoY
Effective rate
1.43%
On assessed value
Assessed land
$64,300
Assessed improvement
$394,700
Land market value
$64,300
Improvement market value
$394,700
Total market value
$459,000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
For Sale
Year built
1963
Construction
FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
2
Units
7
Total area
4,488 SF
Lot
0.43 ac (18,600 SF)
Zoning code
R-2
APN
181/00010-001-007
UPID
US25-0016069
Jurisdiction
POLK
Zoning & alternative use
R-2 · Ankeny, IA
Zoning R-2 · permitted uses
R-2 · 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
1963
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
2
Buildings
1
Units
7
Lot
0.43 ac
Current owner
From public records · entity-resolved
Provision Properties II LLC
Entity
Mailing address
1528 RIO VLY DR, CLIVE, IA 50325-6539
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2021
$440,000
Provision Properties II LLC
Morrison Rentals Co Op INC
Warranty Deed
$2,216,000 · Raccoon Valley Bank
Feb 22, 2021
—
Morrison Rentals Co-op INC
—
Deed
related
$1,800,500 · Raccoon Vly Bk
Apr 30, 2010
—
Tg Rentals III Residl Hsng Co
George,tony T
Quit Claim Deed
related
—
Jan 5, 2005
$196,000
Tg Rentals Lc
Sweeney Trust
Warranty Deed
$156,800 · First American Bank
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.
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?”
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