Automotive Repair Shop with
New
For Sale
$750,000
1307 E Lincoln Way, Ames, IA 50010
Commercial Sale, Ames, IA
Property Size3,000 SF
Lot Size3.33 Acres
Price / SF$250
Days on Market3
Property Features for 1307 E Lincoln Way
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
GI
Directions
Between Grand and Dayton Ave. on Lincoln Way Northside of the road and on the east side of the Skunk River.
Subdivision
0004 - Ames SE
Standard status
Active
APN
0901350095
Size
3,000 SF
Lot size
3.33 Acres
Taxes and HOA fees
Tax Description
SKUNK RIVER EAST 1ST INDUSTRIAL ADD LOT 3
Tax Annual Amount
11059
Legal Description
SKUNK RIVER EAST 1ST INDUSTRIAL ADD LOT 3
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1980
Floors in Building
1
Flooring type
Concrete
Building materials
Steel Frame
Roof type
Metal
Listing Agency:
RE/MAX REAL ESTATE CENTER · RE/MAX International
2324663
Listed By:
Steve Bock · License #S26995
(515) 231-1899
Added: Oct 5
Changed: Oct 6
Last Checked: Oct 7 at 1:06AM
MLS# 71464
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.
Investment Insights
Based on property information with market context.
Set on 3.33 acres, this automotive property includes a 3,000-square-foot building currently configured for trucking repair and maintenance. Steel-frame construction, concrete flooring, a metal roof, natural gas heat, and window-unit cooling serve the shop. Public water and sewer are available.
The site is zoned GI and has outdoor space used for parking and storage. The building is outside the FEMA floodplain, while the northwest portion of the property falls within the FEMA flood map. Access to Highway 30 and Interstate 35 is noted.
The site is zoned GI and has outdoor space used for parking and storage. The building is outside the FEMA floodplain, while the northwest portion of the property falls within the FEMA flood map. Access to Highway 30 and Interstate 35 is noted.
Key Highlights
- 3.33‑acre site with a 3,000‑square‑foot repair and maintenance building
- Currently set up for trucking repair and maintenance
- GI 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.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
173
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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 Industrial in Midwest region
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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 property offers a repair facility and substantial outdoor area for parking or 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 repair and maintenance building; Currently set up for trucking repair and maintenance; GI zoning
