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Property profile & analytics
OFF-MARKET Estimated value $545,000
Strip malls

925 1st St Ankeny, IA 50021-2169

5,964 SF 0.73 ac lot Built 1991
Entity Owned 17-yr Hold ~ Est. High Equity
Property ID
US25-2500955
Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1991
Construction FRAME
Total area 5,964 SF
Lot 0.73 ac (31,842 SF)
Zoning code C-2
APN 181/00681-009-000
UPID US25-2500955
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
  • Floors 4 Iowa Carpet & Flooring Store Hardware & Home Improvement
  • Carlgill Meat Logistics Solutions Trucking Company
  • Renze Chiropractic Clinic, P.C. Alternative Medicine Practice
  • Spinal Aid Center-Ankeny Inc Alternative Medicine Practice
  • Spartan Arms and Ammo, LLC - Ankeny (By Appointment Only) Gun Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$534k
Blend (final) Blend
$545k
Owner & transaction history
Renze Holdings LLC · 17 yrs held
Renze Holdings LLC
since 2008
3 recorded transactions
2008
$1.7M
2005
Price N/A
1969
Price N/A
Zoning & alternative use
C-2 · Ankeny, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

192.09 C-2 GENERAL RETAIL, HIGHWAY ORIENTED, AND CENTRAL BUSINESS COMMERCIAL DISTRICT. The C-2 District is intended to provide for major retail shopping areas outside the downtown area. These districts include, as well, much of the strip commercial property existing along the major streets and highways of the City. The uses permitted are intended to accommod…

Zone name General Retail Highway Oriented And Central Business Commercial
General category COMMERCIAL
Zone area 1,447.00 ac
Top alternative use upside
Medical building $900,000 +53.1%
Commercial (general) $855,000 +45.4%
Retail stores $695,000 +18.3%
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