Property profile

2542 Bailey Ave Ames, IA 50010

OFF-MARKET
Warehouses
12,800 SF Built 2024
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Property summary

AI-generated overview

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 profile

Verified
Property type Warehouses
Year built 2024
Total area 12,800 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2542 Bailey Ave Ames, IA 50010
Ames metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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