Technical
Financial
Distress signals
Property profile

902 1st St Ankeny, IA 50021

OFF-MARKET
Apartment buildings
Property ID
US25-2282278
98,020 SF 4.79 ac lot Built 2015
Entity Owned 5-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 2015
Construction FRAME
Total area 98,020 SF
Lot 4.79 ac (208,870 SF)
APN 181/00807-800-001
UPID US25-2282278

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
  • Swimming Pool Hardware & Home Improvement
  • Apartment Complex Apartment Building
  • Swimming Pool Hardware & Home Improvement

Location

902 1st St Ankeny, IA 50021-2111
Ankeny metro Census 10209 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$8.98M
CAP Approach CAP
$11.70M
Comparable Approach Comparable
$13.30M
Blend (final) Blend
$8.99M

Owner & transaction history

since 2020
Last sale
$10.9M
1 recorded transaction
2020
$33.2M

Zoning & alternative use

Top alternative use upside
Restaurant $16.9M +51.8%
Auto repair, garage $15.2M +36.9%
Medical building $14.8M +33.1%

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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