Industrial Metal Building
2178 231st Ln Ames, IA 50014
2178 231st Ln, Ames, IA, 50014
Contact for pricing
For Sale
Contact for pricing
Pending
Metal-frame clear-span shell with direct Highway 30 frontage and ample yard space in a business park setting.
Property Size12,000 SF
Days on Market391
Property Features for 2178 231st Ln
General Information
- Standard status
- Pending
- Size
- 12,000 SF
- Property subtype
- Industrial, Mixed Use, Office, Retail
Listing agency
Rueter Properties
Listed by
Paige Benlaala · License #IA B64299000
Source
Crexi
Added: Jun 27, 2025 Updated: Jul 22 at 9:36AM Checked: Jul 22 at 9:36AM
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 Rueter Properties
Investment Insights
Based on property information with market context.
Available for sale is a 12,000 SF metal-frame shell building delivered as a clear-span interior, providing flexibility for future build-to-suit completion. The site includes ample yard space and is positioned within a small, modern business park, making it well-suited for industrial, flex, or commercial use requiring an adaptable layout.
The property offers direct frontage along Highway 30, supporting convenient access for logistics and service-oriented operations. It is located in Boone County, with the offering noting a lower property tax burden compared to neighboring Story County.
This is a high-exposure site with strong regional connectivity described via Highway 30 and I-35, offering a straightforward platform for an owner-user or investor to complete improvements to fit a specific tenant or end-market need.
The property offers direct frontage along Highway 30, supporting convenient access for logistics and service-oriented operations. It is located in Boone County, with the offering noting a lower property tax burden compared to neighboring Story County.
This is a high-exposure site with strong regional connectivity described via Highway 30 and I-35, offering a straightforward platform for an owner-user or investor to complete improvements to fit a specific tenant or end-market need.
Key Highlights
- 12,000 SF metal‑frame, clear‑span building shell
- Direct Highway 30 frontage with high‑exposure access
- Located in Boone County
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $87.8k | $7.32 |
| − Vacancy | −$14.5k | −$1.21 |
| EGI | $73.3k | $6.11 |
| − OpEx | −$11.0k | −$0.92 |
| NOI | $62.3k | $5.20 |
12,000 SF · lease $7.32/SF/yr · vacancy 16.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$890.6K
$779.3K – $1.04M
NOI $62,344 @ 7.0% cap · market cap 6.97%
Second Best
Industrial
$823.9K
$721.0K – $961.3K
NOI $57,676 @ 7.0% cap · market cap 6.44%
Theoretical Best
Office A
$2.80M
$2.45M – $3.27M
NOI $196,301 @ 7.0% cap · market cap 21.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Metal-frame clear-span shell with direct Highway 30 frontage and ample yard space in a business park setting.
Where is this flex space located?
The property is located at 2178 231st Ln Ames, IA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 12,000 SF metal‑frame, clear‑span building shell; Direct Highway 30 frontage with high‑exposure access; Located in Boone County
