Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Dakota Ave Ames, IA 50014
    Property profile & analytics

    Dakota Ave, Ames, IA 50014

    View on Map
    • Land
    • 35.31 lot acres
    For Sale
    $741,510
    View Listing →
    Ames Farm: 35 Acres For Sale
    $741,510

    Ames Farm: 35 Acres

    Iowa farmland, ideal hobby farm or homestead.

    0 Dakota Ave, Ames, IA 50014
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Dakota Ave

    Lot size
    35.31 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 35.31-acre parcel, located just north of Ames, Iowa, in Story County, presents a unique opportunity for various uses. The property, identified by parcel number 0530400405, boasts a secluded and tranquil setting, perfect for those seeking a peaceful escape from city life. Its expansive acreage offers ample space for a variety of purposes, including establishing a hobby farm, creating a private recreational area, or building a large single-family homestead. The land is conveniently situated on N Dakota Ave, Ames, IA 50014, providing easy access to the amenities of Ames while maintaining its rural charm. The asking price for this remarkable property is $741,510. This represents a significant opportunity to acquire a substantial piece of Iowa farmland with considerable potential. The property's location and size make it an attractive investment for those seeking a blend of rural tranquility and convenient access to urban conveniences. Serious inquiries are encouraged to explore the possibilities this exceptional property offers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ames
    County
    Story
    State
    Iowa
    Longitude
    -93.6763
    Latitude
    42.0477

    Comparable in this City

    • Value Estimation by Request
      31.09 Acres

      Dakota Ave

      Land
      0 Dakota Ave, Ames, IA 50014
      View Details
    • Value Estimation by Request
      1.12 Acres

      210 Welch Ave

      Land
      210 Welch Ave, Ames, IA 50014
      View Details
    • Value Estimation by Request
      35.31 Acres

      Dakota Ave

      Land
      0 Dakota Ave, Ames, IA 50014
      View Details
    • Value Estimation by Request
      0.02 Acres

      Ww Ave

      VACANT COMMERCIAL LAND
      Ww Ave, Ames, IA 50014
      View Details
    • Value Estimation by Request
      1.05 Acres

      4530 Mortensen Rd

      VACANT COMMERCIAL LAND
      4530 Mortensen Rd, Ames, IA 50014
      View Details
    • Value Estimation by Request
      0.26 Acres

      121 Dotson Dr

      VACANT COMMERCIAL LAND
      121 Dotson Dr, Ames, IA 50014-7613
      View Details

    Similar Nearby for Sale

    • $741,510
      35.31 Acres

      Ames Farm: 35 Acres

      Iowa farmland, ideal hobby farm or homestead.
      0 Dakota Ave, Ames, IA 50014
      View Details
    • Contact for pricing

      Ames Land Parcel For Sale

      Two parcels of land totaling 31.09 acres in Ames, Iowa.
      N Dakota Ave, Ames, IA 50014
      View Details
    • Contact for pricing

      35.31 Acres Land Parcel

      35.31 acre land parcel available for sale.
      N Dakota Ave, Ames, IA 50014
      View Details
    • $652,890

      Ames Land Parcel For Sale

      Two parcels of land totaling 31 acres in Ames, Iowa.
      North Dakota Ave, Ames, IA 50014
      View Details
    • $120,000
      0.67 Acres

      Residential Lot in Prairie Valley

      Build your dream home in a premier residential development.
      17266 Primrose Dr, Ames, IA 50014
      View Details
    • $140,000
      Pending

      Residential Land in Ames, Iowa

      Daylight lot for custom home construction in Ames.
      2 5120, Ames, IA 50014
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Campustown Land Redevelopment Opportunity

      Prime commercial land near Iowa State University campus for rent.
      218 Welch Ave, Ames, IA 50014
      View Details
    • Contact for pricing
      750 SF

      Ames Campustown Retail/Office Space

      Retail or office space in high-traffic Campustown location.
      207 Stanton Ave, Ames, IA 50014
      View Details
    • $18 SF/Yr
      3,000 SF

      Retail Space For Lease

      Retail spaces available in Ames, Iowa, with high visibility.
      4518 Mortensen Rd, Ames, IA 50014
      View Details
    • Contact for pricing
      14,333 SF

      Retail Space on Lincoln Way

      Retail space available for sublease on Lincoln Way.
      2420 Lincoln Way, Ames, IA 50014
      View Details
    • Contact for pricing

      Mixed-Use Property in Campus Town

      Mixed-use property with 177 units in Ames Campus Town.
      2702 Lincoln Way, Ames, IA 50014
      View Details
    • Contact for pricing

      Commercial Space Available For Lease

      Commercial space available for lease in Ames, Iowa.
      111 Lynn Ave, Ames, IA 50014
      View Details
    View Listing
    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.
    Dakota Ave
    Ames, IA 50014
    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

    Thank You for Inquiry
    Dakota Ave, Ames, IA, 50014
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!