Three-Building Industrial
2006 Edison Street, Ames, IA 50010
For Sale
Contact for pricing
Three industrial structures occupy a combined site with the seller removing bulk tanks before the sale.
Property Size7,160 SF
Lot Size2.10 Acres
Price / SF$65
Days on Market53
Property Features for 2006 Edison Street
General Information
Standard status
Size
Lot size
Property subtype
Building Details
Buildings
Listing Agency:
JLL - Des Moines, Iowa
Listed By:
Tanner Hedstrom · License IA S67748000
(515) 745-2734
Source:
Crexi
Added: Sep 21
Changed: Nov 1
Last Checked: Nov 12 at 7:25AM
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 JLL - Des Moines, Iowa
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
An industrial portfolio in Ames, Iowa, comprises three separate buildings totaling 7,160 square feet on 2.10 acres. Bulk tanks are scheduled for removal by the seller before the property changes hands.
The property is located off Edison Street, with an address at 2006 Edison Street.
The property is located off Edison Street, with an address at 2006 Edison Street.
Key Highlights
- Three separate industrial buildings
- 7,160 SF of total building area
- 2.10‑acre site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,413
Cap Rate
7.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$688,260
$688.3K
Cap Rate 7%
$491,614
$491.6K
Cap Rate 9%
$382,367
$382.4K
Market Conditions
NOI Build-Up for 7,160 SF
Gross rent
$52.4K $7.32/SF
− Vacancy
−$3.2K −$0.45/SF
EGI
$49.2K $6.87/SF
− OpEx
−$14.7K −$2.06/SF
NOI
$34.4K $4.81/SF
Area
Story County, IA
Vacancy
6.20%
Lease Rate
$7.32 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$688,260
Cap Rate 7%
$491,614
Cap Rate 9%
$382,367
Alternative Uses
Best Use
Industrial
$491.6K
$430.2K – $573.6K
NOI $34,413 @ 7.0% cap · market cap 7.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
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
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
187
Businesses Nearby
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
$243,200
Median Home Value
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Market
Average Price Trend$/SF for Industrial properties in Story County, IA
Properties on Market for Industrial properties in Story County
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Industrial property - Three industrial structures occupy a combined site with the seller removing bulk tanks before the sale.
Where is this industrial property located?
The property is located at 2006 Edison Street 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 separate industrial buildings; 7,160 SF of total building area; 2.10‑acre site
