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    Property profile & analytics

    902 1st St Ankeny, IA 50021-2111

    • Apartment buildings
    • 98,020 SF
    • 4.79 lot acres
    OFF-MARKET
    Value Estimation
    $9,395,000
    Last Sale
    Dec 02, 2020
    $10,900,000
    Location Intelligence
    Property ID
    US25-2282278
    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.

    Current Use by Public Records

    • Lakeshore Swimming Pool / Swimming Pool
    • Lake Shore Apartments / Apartment Rental Agency / Condominium Complex
    • Community Pool at Lakeshore / Swimming Pool

    Property Details for 902 1st St

    Year built
    2015
    Construction
    FRAME
    Lot size
    4.79 lot acres
    Property size
    98,020 SF
    Property type
    Apartment buildings
    APN
    181/00807-800-001
    APU
    18100807800001

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $8,985,000

    • CAP approach

      CAP return
      Estimation
      6%
      $10,525,000
      6.5%
      $10,205,000
      7%
      $11,010,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $11,270,000
      Geo Method
      $11,730,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $10,765,000
      Retail
      $8,350,000
      Mixed-Use
      $10,430,000
      Hospitality
      $8,470,000
      Educational
      $8,210,000
      Residential Income
      $10,660,000
      Energy
      $9,370,000
      Income-Based Land
      $10,980,000
      Food Service
      $8,525,000

    Location Insight

    • Map
    • Local Demand
    City
    Ankeny
    County
    Polk
    State
    Iowa
    Longitude
    -93.5856
    Latitude
    41.7334
    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
    2020
    $183,354
    $1,050,000
    $11,150,000
    $12,200,000
    -
    $1,050,000
    $11,150,000
    $12,200,000

    Comparable in this City

    • Value Estimation by Request
      6,336 SF

      602 Grant St

      APARTMENT HOUSE (5+ UNITS) • 6,336 SF
      602 Grant St, Ankeny, IA 50021-3135
      View Details
    • Value Estimation by Request
      24,327 SF

      201 12th St Pl

      APARTMENT HOUSE (5+ UNITS) • 24,327 SF
      201 12th St Pl, Ankeny, IA 50021-1673
      View Details
    • Value Estimation by Request
      14,196 SF

      401 Trilein Dr

      APARTMENT HOUSE (5+ UNITS) • 14,196 SF
      401 Trilein Dr, Ankeny, IA 50021-2049
      View Details
    • Value Estimation by Request
      9,798 SF

      201 25th Ln

      APARTMENT HOUSE (5+ UNITS) • 9,798 SF
      201 25th Ln, Ankeny, IA 50021-6941
      View Details
    • Value Estimation by Request
      8,100 SF

      203 22nd Ln

      APARTMENT HOUSE (5+ UNITS) • 8,100 SF
      203 22nd Ln, Ankeny, IA 50021-6940
      View Details
    • Value Estimation
      $3,000,000
      14,196 SF

      701 5th St

      APARTMENT HOUSE (5+ UNITS) • 14,196 SF
      701 5th St, Ankeny, IA 50021
      View Details

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    • Contact for pricing
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      Retail Space in The District

      Retail space available in a vibrant, mixed-use community.
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    • $25 SF/Yr
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    Ankeny, IA 50021-2111
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    Realmo Value Estimation

    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.

    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.

    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
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