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    Property profile & analytics

    121 Welch Ave Ames, IA 50014-7228

    • Bars
    • 4,810 SF
    • 0.12 lot acres
    OFF-MARKET
    Value Estimation
    $985,000
    Last Sale
    Apr 04, 2022
    $1,100,000
    Location Intelligence
    Property ID
    US25-0487128
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Cy's Roost / Bar

    Property Details for 121 Welch Ave

    Year built
    1930
    Lot size
    0.12 lot acres
    Property size
    4,810 SF
    Zone code
    CSC
    Property type
    Bars
    Property subtype
    Pubs
    APN
    09-09-126-190
    APU
    909126190

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $955,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,150,000
      6.5%
      $955,000
      7%
      $1,160,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,020,000
      Geo Method
      $1,100,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $875,000
      Retail
      $1,135,000
      Mixed-Use
      $1,125,000
      Hospitality
      $930,000
      Educational
      $905,000
      Residential Income
      $1,130,000
      Energy
      $1,175,000
      Income-Based Land
      $1,080,000
      Food Service
      $895,000

    Location Insight

    • Map
    • Local Demand
    City
    Ames
    County
    Story
    State
    Iowa
    Longitude
    -93.6505
    Latitude
    42.0219
    CBSA code
    11180
    CBSA name
    AMES, IA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $15,508
    $337,500
    $334,400
    $671,900
    -
    $337,500
    $334,400
    $671,900

    Comparable in this City

    • Value Estimation by Request
      4,234 SF

      206 Welch Ave

      BAR, TAVERN • 4,234 SF
      206 Welch Ave, Ames, IA 50014-7231
      View Details
    • Value Estimation by Request
      9,294 SF

      2401 Chamberlain St

      BAR, TAVERN • 9,294 SF
      2401 Chamberlain St, Ames, IA 50014-7201
      View Details
    • Value Estimation
      $285,000
      1,072 SF

      2816 Ww St

      BAR, TAVERN • 1,072 SF
      2816 Ww St, Ames, IA 50014-7429
      View Details
    • Value Estimation
      $270,000
      2,302 SF

      2900 Ww St

      BAR, TAVERN • 2,302 SF
      2900 Ww St, Ames, IA 50014-7436
      View Details
    • Value Estimation
      $75,000
      2,964 SF

      2522 Chamberlain St

      BAR, TAVERN • 2,964 SF
      2522 Chamberlain St, Ames, IA 50014-7272
      View Details
    • Value Estimation by Request
      4,576 SF

      218 Welch Ave

      RESTAURANT • 4,576 SF
      218 Welch Ave, Ames, IA 50014-7177
      View Details

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    Similar Nearby for Lease

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      Ames Campustown Retail/Office Space

      Retail or office space in high-traffic Campustown location.
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    • Contact for pricing
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      Retail Space in Ames, Iowa

      Retail space available for rent in Ames, Iowa.
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    • $12 SF/Yr
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      Ames Executive Office Space

      Prime Ames location, 4,000 sq ft available.
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    • $18 SF/Yr
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      Retail Space Available For Rent

      Retail space available for lease in Ames, Iowa.
      216 Stanton Ave, Ames, IA 50014
      View Details

    Property Visit Statistics

    • Visits by month
      1.5k
    • Visitors by month
      1.4k
    • Avg Time on site
      42 min
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    Ames, IA 50014-7228
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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
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