Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2542 Bailey Ave Ames, IA 50010

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Divisible commercial building with loading access and storefront windows.

    Type:Industrial, Mixed Use, Office, Retail, Special Purpose
    Added:
    Sep 9, 2024
    Days on Market:
    589
    Last Refresh:
    Mar 17 at 1:26 pm

    Property Features for 2542 Bailey Ave

    General Information

    Standard status
    Active
    Property subtype
    Industrial, Mixed Use, Office, Retail, Special Purpose

    Building Details

    Year Built
    2024

    We can help!

    Listing Contact
    Chuck Winkleblack

    Listing agent Chuck Winkleblack License #IA B32796

    Listing office Hunziker & Associates Inc Realtors Ames

    Listing date Sep 9, 2024

    Source Crexi

    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 Hunziker & Associates Inc Realtors Ames

    Overview

    Divisible Commercial Building with Overhead Doors

    This commercial building can be divided into five individual units. Each unit features a 14’ x 14’ overhead door for loading access and a personal door at the rear for pedestrian entry. The front of the building has large storefront windows. The exterior is finished with metal and brick veneer. The roof is outfitted with R40 Simple Saver insulation, the exterior purlin areas have R30 insulation, and the 6” exterior walls are insulated with R19. The building offers ample electrical capacity with an 800 AMP, 3-phase service, and each tenant space is provided with a 200 AMP meter.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    Ames
    County
    Story
    State
    Iowa
    Longitude
    -93.6284
    Latitude
    42.0383

    Nearby Similar for Sale

    • $995,000
      8,267 SF

      Ames 8-Plex Investment Opportunity

      Turnkey 8-unit multifamily property with strong rental history in Ames.
      215 Jewel Drive unit: 1-8, Ames, IA 50010
      View Details
    • $495,000
      2,000 SF

      Sophisticated Workspace in Ames, Iowa

      Award-winning commercial design with premium finishes and functional flexibility.
      612 5th Street, Ames, IA 50010
      View Details
    • $555,000
      3,596 SF

      Ames Multifamily Investment Opportunity

      Two well-maintained duplexes with strong rental history in Ames, Iowa.
      913 Garfield Avenue unit: 913/915/917/919, Ames, IA 50014
      View Details
    • $575,000
      4,794 SF

      Ames Turn-Key Investment Property

      Four 3-bedroom units with strong rental history in Ames.
      1015 Kellogg Avenue, Ames, IA 50010
      View Details
    • $325,000
      1,009 SF

      Ames Duplex with Assumable Mortgage

      Well-maintained duplex near Iowa State with assumable low-rate mortgage.
      615-617 Ken Maril Road, Ames, IA 50010
      View Details
    • $330,000
      1,632 SF

      Turnkey Duplex Investment Opportunity

      Well-maintained duplex with recent updates and strong rental potential.
      1312/1314 Wilson Avenue, Ames, IA 50010
      View Details
    • $330,000
      1,632 SF

      Turnkey Duplex Investment Opportunity

      Well-maintained duplex with recent updates and strong rental potential.
      1312/1314 Wilson Avenue, Ames, IA 50010
      View Details
    • $575,000
      4,794 SF

      Ames Fourplex Investment Opportunity

      Turn-key fourplex in Ames with strong rental history.
      1015 Kellogg Avenue, Ames, IA 50010
      View Details
    • $1,050,000
      1,824 SF

      Ames Multifamily Investment Opportunity

      Three adjacent multifamily properties for sale in Ames, Iowa.
      4716 Hutchison Street, Ames, IA 50014
      View Details
    • $1,050,000
      2,304 SF

      Ames Multifamily Investment Opportunity

      Three adjacent multifamily properties for sale in Ames, Iowa.
      4713 Ontario Street, Ames, IA 50014
      View Details
    • $579,500
      852 SF

      Ames Multifamily Investment Opportunity

      Well-maintained four-unit multifamily property near Iowa State University.
      3902/3912 Ontario Street, Ames, IA 50014
      View Details
    • $1,500,500
      67,108 SF

      Commercial Buildings with Highway Access

      Two commercial buildings with income and highway access in Ames.
      803 E Lincoln Way, Ames, IA 50010
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Divisible commercial building with loading access and storefront windows.
    Where is this mixed-use property located?
    The property is located at 2542 Bailey Ave Ames, IA.
    What are key features of this property?
    This property features: Divisible into five individual units, offering flexible usage options.; Each unit features a **14’ x 14’ overhead door** for convenient loading access.; High energy efficiency with R40 roof insulation, R30 purlin insulation, and R19 wall insulation.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Chuck Winkleblack
    Real Estate License ID: IA B32796
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!