Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1110 Buckeye Ave Ames, IA 50010
    Property profile & analytics

    1110 Buckeye Ave, Ames, IA 50010

    View on Map
    • Office Spaces
    • 2,689 SF
    • 0.49 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 1110 Buckeye Ave

    Year built
    1993
    Lot size
    0.49 lot acres
    Property type
    Office Spaces
    Property subtype
    Office Units

    Description

    This Ames, Iowa office building, situated on a 0.492-acre lot (21,432 sq ft), offers a prime location on South Duff Avenue, a high-traffic area with excellent visibility. The single-story, 2,689 square foot Class B building, constructed in 1993 and renovated in 2014, features 8-foot ceilings and ample parking with 14 spaces. Currently, 1,344 square feet of space is immediately available, with the entire 2,689 square feet potentially available for a single tenant. The building is zoned HOC and boasts two suites. Utilities are provided by Alliant Energy (natural gas) and the City of Ames (electricity). The property's strategic location places it among retail businesses, professional offices, banks, and restaurants, offering significant advantages for businesses seeking high visibility and accessibility. Its proximity to established businesses like Red Lobster and Appleby's, as well as a State Farm Insurance Agency, further enhances its appeal and provides a strong sense of community. The property is located in the South Duff submarket cluster of Ames, Story County, Iowa, and its APN is 09-11-326-080.

    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
    -93.6111
    Latitude
    42.0124

    Comparable in this City

    • Value Estimation by Request
      40.00 Acres

      Jack Trice Way

      Restaurants
      0 Jack Trice Way, Ames, IA 50010
      View Details
    • Value Estimation by Request
      2,400 SF

      2542 Bailey Ave

      Distribution properties
      2542 Bailey Ave, Ames, IA 50010
      View Details
    • Value Estimation by Request
      9,919 SF

      222 Lincoln Way

      Neighborhood centers
      222 Lincoln Way, Ames, IA 50010
      View Details
    • Value Estimation by Request
      12,800 SF

      2542 Bailey Ave

      Distribution properties
      2542 Bailey Ave, Ames, IA 50010
      View Details
    • Value Estimation by Request
      26.37 Acres

      2005 24th St

      OFFICE BUILDING
      2005 24th St, Ames, IA 50010-4488
      View Details
    • Value Estimation
      $3,040,000
      35,264 SF

      2600 Loop Dr

      OFFICE BUILDING
      2600 Loop Dr, Ames, IA 50010-8695
      View Details

    Similar Nearby for Sale

    • $495,000
      Pending

      Sophisticated Workspace in Ames, Iowa

      Award-winning commercial design with premium finishes and functional flexibility.
      612 5Th St, Ames, IA 50010
      View Details
    • Contact for pricing

      Divisible Commercial Building with Overhead Doors

      Divisible commercial building with loading access and storefront windows.
      2542 Bailey Ave, Ames, IA 50010
      View Details
    • $3,400,000
      32,400 SF

      Versatile Flex Building in Ames, IA

      Adaptable 32,400 SF flex building in a prime location.
      2826 Hyatt Cir, Ames, IA 50010
      View Details
    • $375,000
      Pending

      Downtown Ames Mixed-Use Opportunity

      Mixed-use property in vibrant downtown Ames near amenities.
      223 Main St, Ames, IA 50010
      View Details
    • Contact for pricing
      81,697 SF

      Ames Industrial Facility For Sale

      81,697 SF industrial facility with warehouse and R&D spaces.
      23959 580Th Ave, Ames, IA 50010
      View Details
    • $475,000
      1.28 Acres

      Commercial Lot in Ames, Iowa

      Commercial lot zoned HOC, located near Target in Ames.
      311 SE 3Rd St, Ames, IA 50010
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Divisible Flex Space Near Highway

      12,800 SF flex space divisible into five units.
      2542 Bailey Ave, Ames, IA 50010
      View Details
    • Contact for pricing

      Downtown Space for Lease

      3000 sq ft space suitable for bar, retail, or office.
      400 Main St, Ames, IA 50010
      View Details
    • Contact for pricing

      Office Space with Existing Furniture

      6144 SF office space with furniture available for rent.
      1523 S Bell Ave, Ames, IA 50010
      View Details
    • Contact for pricing
      3,000 SF

      Downtown Space Near Tom Evan's Park

      3000 sq ft space suitable for bar, retail, or office.
      400 Main St, Ames, IA 50010
      View Details
    • Contact for pricing
      2,907 SF

      Stand-Alone Office Building For Rent

      Stand-alone office building with excellent access off I-35.
      2825 E 13Th St, Ames, IA 50010
      View Details
    • $32 SF/Yr
      2,303 SF

      Retail Space on Grand Avenue

      Modern retail space with high visibility and ample parking.
      2925 Grand Ave, Ames, IA 50010
      View Details
    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.
    1110 Buckeye Ave
    Ames, IA 50010
    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
    1110 Buckeye Ave, Ames, IA, 50010
    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!