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Property profile & analytics
OFF-MARKET
Estimated value
$5,255,000
Medical Office Space
1215 Duff Ave Ames, IA 50010-5400
Entity Owned
Free & Clear
Property ID
US25-0617530
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1962
Construction
CONCRETE
Total area
78,379 SF
Lot
7.92 ac (344,900 SF)
Zoning code
S-HM
APN
09-02-127-200
UPID
US25-0617530
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Corrine Patten, MD Pediatrician Medical Clinic
-
Emily O'Leary, DPT Physician
-
Amber Brice, PTA Physician
-
Barb Wheelock, MPT Physician
-
Tina Lawler, MS,OTR/L, CHT Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.95M
Blend (final)
Blend
$5.26M
Owner & transaction history
CLINIC BUILDING COMPANY INC
CLINIC BUILDING COMPANY INC
Zoning & alternative use
S-HM · Ames, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$6.8M
+56.4%
Restaurant
$6.5M
+49.3%
Office building
$6.2M
+42.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Ames submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ames submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$4,360,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$6,820,000
Change: +56% · Conversion: Difficult
RESTAURANT
$6,510,000
Change: +49% · Conversion: Difficult
OFFICE BUILDING
$6,195,000
Change: +42% · Conversion: Easy
AUTO REPAIR, GARAGE
$6,085,000
Change: +40% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,765,000
Change: +9% · Conversion: Difficult
RETAIL STORES
$4,500,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$5.26M
Range $4.73M – $5.78M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$67 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$552,150
Tax year 2023
Assessed value
$20,091,900
Assessed 2024
Previous assessed
$20,091,900
+0.0% YoY
Effective rate
2.75%
On assessed value
Assessed land
$4,624,400
Assessed improvement
$15,467,500
Land market value
$4,624,400
Improvement market value
$15,467,500
Total market value
$20,091,900
Applied tax rate
1,001.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1962
Construction
CONCRETE
Heating
NONE
Stories
2
Total area
78,379 SF
Lot
7.92 ac (344,900 SF)
Zoning code
S-HM
APN
09-02-127-200
UPID
US25-0617530
Jurisdiction
STORY
Zoning & alternative use
S-HM · Ames, IA
Zoning S-HM · permitted uses
S-HM · Ames, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ames. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$4.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.8M
RESTAURANT
Est. value
$6.5M
OFFICE BUILDING
Est. value
$6.2M
AUTO REPAIR, GARAGE
Est. value
$6.1M
WAREHOUSE, STORAGE
Est. value
$4.8M
RETAIL STORES
Est. value
$4.5M
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1962
Construction
CONCRETE
Heating
NONE
Stories
2
Lot
7.92 ac
Current owner
From public records · entity-resolved
CLINIC BUILDING COMPANY INC
Entity
Free & Clear · 0 yrs held
Mailing address
1215 DUFF AVE, AMES, IA 50010-5400
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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