2006-2026 Edison St, Ames, IA 50010

Listing Agency: Des Moines Show Phone

Listed By: Tanner Hedstrom · License #S67748000 Show Phone

Source: Property.jll

Added: Sep 20 Changed: Nov 2 Last Checked: Nov 6 at 5:32AM

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Investment Insights

Based on property information with market context.

This warehouse property comprises three buildings at 2006, 2018, and 2026 Edison Street, totaling 7,160 square feet. The buildings contain approximately 2,000, 3,300, and 1,860 square feet, respectively, with clear heights of 14 feet, 12 feet, and 10 feet. Each building is situated on its own parcel, with lot sizes of 0.71 acres, 0.71 acres, and 0.68 acres.

The 2026 Edison Street building includes one drive-in door. The property is configured as a collection of separate warehouse improvements rather than a single structure. Bulk tanks will be removed by the seller before closing.

Key Highlights

• Three warehouse buildings totaling 7,160 SF
• Buildings at 2006, 2018, and 2026 Edison Street
• Clear heights range from 10' to 14'

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$37,199

Cap Rate

7.99%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$743,980 $744.0K

Cap Rate 7%

$531,414 $531.4K

Cap Rate 9%

$413,322 $413.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,160 SF

Gross rent

$52.4K $7.32/SF

− Vacancy

−$8.6K −$1.21/SF

EGI

$43.8K $6.11/SF

− OpEx

−$6.6K −$0.92/SF

NOI

$37.2K $5.20/SF

Area

Story County, IA

Vacancy

16.50%

Lease Rate

$7.32 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$743,980

Cap Rate 7%

$531,414

Cap Rate 9%

$413,322

Alternative Uses

Best Use

Warehouse

$531.4K

$465.0K – $620.0K (±1% cap)

NOI $37,199 @ 7.0% cap · market cap 7.99%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.67M

$1.46M – $1.95M (±1% cap)

NOI $117,126 @ 7.0% cap · market cap 25.17%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Warehouses

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Carpet & Flooring Store Cafe & Coffee Shop Veterinary Clinic Grocery & Convenience Store Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

187

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

Market

Average Price Trend$/SF for Warehouses in Story County, IA

$54.44 Jul

$30.93 Aug

$35.74 Sep

$52.13 Oct

Properties on Market for Warehouses in Story County

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Similar Off Market Nearby

• TSG Mini Storage — 2312 Edison St, Ames, IA 50010
• Cable Storage — 623 S Dayton Ave, Ames, IA 50010
• Alexander Storage — 235 Alexander Ave, Ames, IA 50010
• East Lincoln Way Storage — 1319 E Lincoln Wy, Ames, IA 50010
• Hutson Rentals, LLC — 1602 E Lincoln Wy, Ames, IA 50010

Frequently Asked Questions

What type of property is this?

Warehouse - Multi-building warehouse offering with varied clear heights and separate parcels along Edison Street.

Where is this warehouse located?

The property is located at 2006-2026 Edison St Ames, IA.

What is the asking price?

The asking price for this property is $465,400.

What are key features of this property?

This property features: Three warehouse buildings totaling 7,160 SF; Buildings at 2006, 2018, and 2026 Edison Street; Clear heights range from 10' to 14'