Industrial Auto Repair
For Sale
$750,000
1307 E Lincoln Way, Ames, IA 50010
Industrial-zoned space is configured for truck repair and maintenance, with additional area for vehicle parking and storage.
Property Size3,000 SF
Lot Size3.33 Acres
Price / SF$250
Days on Market13
Property Features for 1307 E Lincoln Way
General Information
Standard status
Active
Size
3,000 SF
Lot size
3.33 Acres
Property subtype
Commercial
Zoning
industrial
Additional Details
Highway Access
Yes
Building Details
Year Built
1980
Listing Agency:
RE/MAX REAL ESTATE CENTER
Listed By:
Steve Bock · License #S26995000
(515) 231-1899
Source:
Centraliowahomesearch
Added: Oct 1
Changed: Oct 13
Last Checked: Oct 13 at 2:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX REAL ESTATE CENTER
Investment Insights
Based on property information with market context.
This auto shop property includes a 3,000-square-foot building on 3.33 acres. The space is currently arranged for trucking repair and maintenance, and the site also provides room for parking and storage. The property was built in 1980 and is industrial-zoned.
The site is in Ames, with access to Highway 30 and Interstate 35. The building is outside the FEMA flood map, while the northwest portion of the lot falls within the mapped area.
The site is in Ames, with access to Highway 30 and Interstate 35. The building is outside the FEMA flood map, while the northwest portion of the lot falls within the mapped area.
Key Highlights
- 3.33‑acre site with a 3,000‑square‑foot building
- Configured for trucking repair and maintenance
- Industrial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,764
Cap Rate
3.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$595,280
$595.3K
Cap Rate 7%
$425,200
$425.2K
Cap Rate 9%
$330,711
$330.7K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$46.4K $15.48/SF
− Vacancy
−$3.9K −$1.31/SF
EGI
$42.5K $14.17/SF
− OpEx
−$12.8K −$4.25/SF
NOI
$29.8K $9.92/SF
Area
Story County, IA
Vacancy
8.44%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$595,280
Cap Rate 7%
$425,200
Cap Rate 9%
$330,711
Alternative Uses
Best Use
Retail
$425.2K
$372.1K – $496.1K
NOI $29,764 @ 7.0% cap · market cap 3.97%
Second Best
Industrial
$206.0K
$180.2K – $240.3K
NOI $14,419 @ 7.0% cap · market cap 1.92%
Theoretical Best
Office A
$701.1K
$613.4K – $817.9K
NOI $49,075 @ 7.0% cap · market cap 6.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
173
Businesses Nearby
3k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Enterprise Rent-A-Car
Shops & Services
1,986 visits/mo
0.3 miles
Cenex
Shops & Services
883 visits/mo
0.3 miles
Demographics for 50010, IA
32,552
Population
14,732
Households
2.2
Avg Household Size
30
Median Age
59%
College-Educated
98%
High-School Grad
60.3 sq mi
ZIP Area
540
Density / Sq Mi
$65,701
Median Household Income
$27,672
Median Earnings
$981
Median Rent
$243,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Walmart Auto Care Centers — 534 S Duff Ave, Ames, IA 50010
- Macky Repair — 615 S Dayton Ave #117, Ames, IA 50010
- Ron's Auto Repair Center — 2310 SE 5th St, Ames, IA 50010
- Fix It Auto Repair — 129 S Borne Ave, Ames, IA 50010
- Fitz's Auto Services — 6627, 129 S Borne Ave, Ames, IA 50010
Frequently Asked Questions
What type of property is this?
Auto shop - Industrial-zoned space is configured for truck repair and maintenance, with additional area for vehicle parking and storage.
Where is this auto shop located?
The property is located at 1307 E Lincoln Way Ames, IA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 3.33‑acre site with a 3,000‑square‑foot building; Configured for trucking repair and maintenance; Industrial zoning
