Warehouse and Office Flex
5900 N 500th Ave Ames, IA 50014
5900 N 500th Ave, Ames, IA, 50014
Contact for pricing
For Sale
Contact for pricing
4.42-acre property with a 10,896 SF warehouse and office building, sold as-is with a short-term tenant option.
Property Size10,896 SF
Lot Size4.42 Acres
Price / SF$100.50
Days on Market151
Property Features for 5900 N 500th Ave
General Information
- Standard status
- Active
- Size
- 10,896 SF
- Lot size
- 4.42 Acres
- Property subtype
- Industrial, Land, Office
Building Details
- Year Built
- 2014
Listing agency
J.R. Simplot Company
Listed by
Paul Simpson · License #For Sale By Owner
Source
Crexi
Added: Feb 20 Updated: Jul 20 at 9:13PM Checked: Jul 20 at 9:13PM
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 J.R. Simplot Company
Investment Insights
Based on property information with market context.
This for-sale property is a combined warehouse and office flex building totaling 10,896 SF, situated on 4.42 acres. The offering is sold as-is. The property has a short-term tenant in place, who may remain or be removed at close of escrow.
The information provided notes that buyers should check with Planning and Zoning regarding their intended use.
The building is configured to support both warehouse space and office space within the same facility, offering a single-site arrangement for operations that require a mix of storage and administrative workspace.
The information provided notes that buyers should check with Planning and Zoning regarding their intended use.
The building is configured to support both warehouse space and office space within the same facility, offering a single-site arrangement for operations that require a mix of storage and administrative workspace.
Key Highlights
- 4.42‑acre property with a 10,896 SF warehouse and office building
- Built in 2014
- Sold as‑is
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 | $79.8k | $7.32 |
| − Vacancy | −$13.2k | −$1.21 |
| EGI | $66.6k | $6.11 |
| − OpEx | −$10.0k | −$0.92 |
| NOI | $56.6k | $5.20 |
10,896 SF · lease $7.32/SF/yr · vacancy 16.50% · expense 15.00%
Alternative Uses
Best Use
Office B
$1.70M
$1.49M – $1.99M
NOI $119,148 @ 7.0% cap · market cap 10.88%
Second Best
Warehouse
$808.7K
$707.6K – $943.5K
NOI $56,609 @ 7.0% cap · market cap 5.17%
Theoretical Best
Office A
$2.55M
$2.23M – $2.97M
NOI $178,241 @ 7.0% cap · market cap 16.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Simplot Grower Soluitions
Agricultural Supply
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - 4.42-acre property with a 10,896 SF warehouse and office building, sold as-is with a short-term tenant option.
Where is this flex space located?
The property is located at 5900 N 500th Ave Ames, IA.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: 4.42‑acre property with a 10,896 SF warehouse and office building; Built in 2014; Sold as‑is
