Multi-Tenant Gas
2108 Isaac Newton Dr, Ames, IA 50010
For Sale
$2,871,371
The property operates as a Maverik location and includes a separate Abelardo’s lease.
Property Size7,752 SF
Price / SF$370.40
Days on Market47
Property Features for 2108 Isaac Newton Dr
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Road Access
Additional Details
Cap Rate
Building Details
Tenancy
Abandoned
Listing Agency:
CBRE - Des Moines
Listed By:
Tyler Dingel · License IA S56502000
(515) 865-2985
Source:
Cbre
Added: Sep 26
Changed: Oct 31
Last Checked: Nov 10 at 6:31AM
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 CBRE - Des Moines
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multi-tenant gas station in Ames operates as a Maverik location. The property includes a new seven-year lease with Abelardo’s and a five-year lease renewal by Maverik.
The site is positioned at the intersection of Interstate 35 and Highway 30.
The site is positioned at the intersection of Interstate 35 and Highway 30.
Key Highlights
- 7.0% cap rate
- New 7‑year lease with Abelardo’s
- Maverik completed a 5‑year lease renewal
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,405
Cap Rate
2.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,648,100
$1.6M
Cap Rate 7%
$1,177,214
$1.2M
Cap Rate 9%
$915,611
$915.6K
Market Conditions
NOI Build-Up for 7,752 SF
Gross rent
$120.0K $15.48/SF
− Vacancy
−$10.1K −$1.31/SF
EGI
$109.9K $14.17/SF
− OpEx
−$27.5K −$3.54/SF
NOI
$82.4K $10.63/SF
Area
Story County, IA
Vacancy
8.44%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,648,100
Cap Rate 7%
$1,177,214
Cap Rate 9%
$915,611
Alternative Uses
Best Use
Specialty Retail
$1.18M
$1.03M – $1.37M
NOI $82,405 @ 7.0% cap · market cap 2.87%
Second Best
Retail
$1.10M
$961.4K – $1.28M
NOI $76,911 @ 7.0% cap · market cap 2.68%
Theoretical Best
Office A
$1.81M
$1.59M – $2.11M
NOI $126,810 @ 7.0% cap · market cap 4.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
122
Businesses Nearby
95k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 63%
Dining 24%
Hotels & Casinos 13%
Kwik Trip
Shops & Services
45,922 visits/mo
0.0 miles
Kum & Go
Shops & Services
14,280 visits/mo
0.1 miles
El Azteca
Dining
12,089 visits/mo
0.1 miles
El Azteca
Dining
8,911 visits/mo
0.3 miles
Hampton Inn & Suites By Hilton Ames
Hotels & Casinos
2,322 visits/mo
0.2 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
Frequently Asked Questions
What type of property is this?
Gas station - The property operates as a Maverik location and includes a separate Abelardo’s lease.
Where is this gas station located?
The property is located at 2108 Isaac Newton Dr Ames, IA.
What is the asking price?
The asking price for this property is $2,871,371.
What are key features of this property?
This property features: 7.0% cap rate; New 7‑year lease with Abelardo’s; Maverik completed a 5‑year lease renewal
