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    2213 229th Place Ames, IA 50014

    View on Map
    For Sale
    $379,900

    COMMERCIAL - Ames, IA

    Property size:
    2,440 SF
    Lot size:
    1.06 Acres
    Added:
    Dec 18, 2025
    Days on Market:
    105
    Last Refresh:
    Apr 2 at 9:06 am

    Property Features for 2213 229th Place

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Standard status
    Active
    APN
    088325023350027
    Size
    2,440 SF
    Lot size
    1.06 Acres

    Taxes and HOA fees

    TaxDescription
    WESTWOODS, PLAT ONE LOT 7 SW SW
    TaxAnnualAmount
    4470

    Utilities

    Sewer type
    Public Sewer, Septic Tank
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    2000
    Floors in Building
    1
    Flooring type
    Concrete, Vinyl, Carpet
    Roof type
    Metal

    We can help!

    Listing Contact
    Sara Samms
    Sara Samms

    Listing agent Sara Samms License #B41283

    Listing office Weichert, Realtors(R)-Miller & Clark Agency 103 E Sixth St. Park Plaza Suite 102, Ames, IA

    Listing date Dec 18, 2025

    MLS# 69125

    Copyright © 2026 Central Iowa Board of Realtors, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Office Building on Acreage

    This fully renovated office building is situated on 1.06 acres. The property offers a functional and modern workspace with ample room for parking or future expansion. The layout includes five private offices, a large open gathering area suitable for team meetings or collaborative work, and a spacious conference room. For convenience, there is a fully remodeled kitchen with stainless steel appliances and two bathrooms. Interior improvements include vinyl plank flooring, updated electrical, ceiling fans, can lights and fresh paint throughout. Major updates feature a new roof in 2022 and a new septic system in 2021. Interior walls have been added for improved office layout and functionality. A second storage building on the property offers additional flexibility and is currently rented, providing an added income opportunity. With 2,440 square feet of space, this move-in ready property is ideal for professional offices, small businesses, or organizations seeking a turnkey space with quality updates and a versatile layout.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    United Real Estate ... Real Estate Agency

    Suggested Use

    Real Estate Agency Spa & Massage Center Building Supply Kitchen & Bath Showroom Auto Parts Store Gym & Fitness Center Electronics & Wireless Store Electrical Service Storage Facility Big Box & Wholesale Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ames
    County
    Story
    State
    Iowa
    Longitude
    -93.734867
    Latitude
    42.025068

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    FAQs

    What type of property is this?
    Office building - Move-in ready office building with modern updates and expansion potential.
    Where is this office building located?
    The property is located at 2213 229th Place Ames, IA.
    What is the asking price?
    The asking price for this property is $379,900.
    What are key features of this property?
    This property features: Fully renovated, move‑in ready office building on 1.06 acres.; New roof (2022) and septic system (2021).; Functional layout with five private offices, large open area, and spacious conference room.
    (515) 232-SELL
    We can help!
    Listing Contact
    Sara Samms
    Sara Samms
    Real Estate License ID: B41283
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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