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    2542 Bailey Ave Ames, IA 50010

    Sponsored
    For Lease
    $15 SF/Yr ($16,000 /Mo)

    Ames, IA industrial space for lease

    Lot size:
    12,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Ames, IA industrial property, located at 2542 Bailey Ave, offers 12,800 square feet of versatile space, divisible into five units ranging from 2,400 to 12,800 square feet. The single-story, Class B building, constructed in 2024, boasts an 18-foot ceiling height, five drive-in doors, and ample parking (27 spaces). Each unit includes a finished drywall demising wall, a 12' x 12' office, an ADA-compliant restroom, a 200 AMP electrical panel, and a 14' x 14' overhead door. A significant electrical allowance ($10,000) covers wiring for the office and restroom, and a heating allowance ($5,000) provides for either a Rezner heater or mini-split system. Situated on a 1.36-acre lot with 235 feet of frontage, the property enjoys convenient access to Highway 30 and Interstate 35. The zoning is GI, and the APN is 05-36-250-010. This property is ideal for manufacturing, flex, or warehouse operations. The total property taxes are $2 per square foot. The entire 12,800 square feet is currently vacant.

    Property Features for 2542 Bailey Ave

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    12,800 SF
    Class
    B
    Total Rate
    16000

    Building Details

    Year Built
    2024
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 103
    Size
    2,400 SF
    Rate per SF
    $15
    Space
    Suite 101
    Size
    2,400 SF
    Rate per SF
    $15
    Space
    Suite 102
    Size
    2,400 SF
    Rate per SF
    $15
    Space
    Suite 104
    Size
    2,400 SF
    Rate per SF
    $15
    Space
    Suite 105
    Size
    3,200 SF
    Rate per SF
    $15
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    Ames
    County
    Story
    State
    Iowa
    Longitude
    -93.582162
    Latitude
    42.046577

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    FAQs

    What type of property is this?
    Distribution property - Ames, IA industrial space for lease
    Where is this distribution property located?
    The property is located at 2542 Bailey Ave Ames, IA.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
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    Realmo Value Estimation

    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.

    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.

    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
    2542 Bailey Ave Ames, IA 50010
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