Property profile

116 Borne Ave Ames, IA 50010

OFF-MARKET
Flex space
Property ID
US25-0632116
3,120 SF 0.54 ac lot Built 1982
Entity Owned 13-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1982
Construction FRAME
Total area 3,120 SF
Lot 0.54 ac (23,400 SF)
Zoning code HOC
APN 09-11-225-035
UPID US25-0632116

Cap rate & NOI

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

Location

116 Borne Ave Ames, IA 50010-6621
Ames metro Census 1000 AMES, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$245k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$245k

Owner & transaction history

since 2013
2 recorded transactions
2020
Price N/A
2013
$189,000

Zoning & alternative use

HOC · Ames, IA
Zoning description

zoned Highway Oriented Commercial “HOC” between Duff Avenue and South Dakota Avenue by allowing for a mixed commercial/residential use option. This Overlay preserves the primary use of the corridor for commercial uses wh…

General category COMMERCIAL

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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