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    Property profile & analytics

    1228 Grand Ave Ames, IA 50010-6057

    • Retail space
    • 1,596 SF
    • 0.27 lot acres
    OFF-MARKET
    Value Estimation
    $235,000
    Location Intelligence
    Property ID
    US25-0736265
    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

    • Shelter Insurance - Mike Dolan / Insurance Agency / Auto Insurance Agency
    • Shelter Insurance / Auto Insurance Agency
    • Blue Book Retirement Solutions / Financial Consultant
    • Sunstone Massage & Bodywork / Massage Therapist

    Property Details for 1228 Grand Ave

    Year built
    1963
    Lot size
    0.27 lot acres
    Property size
    1,596 SF
    Zone code
    UCRM
    Property type
    Retail space
    APN
    09-02-100-180
    APU
    902100180

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $230,000

    • CAP approach

      CAP return
      Estimation
      6%
      $245,000
      6.5%
      $225,000
      7%
      $220,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $240,000
      Geo Method
      $235,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $225,000
      Retail
      $205,000
      Mixed-Use
      $265,000
      Hospitality
      $275,000
      Educational
      $260,000
      Residential Income
      $240,000
      Energy
      $230,000
      Income-Based Land
      $235,000
      Food Service
      $230,000

    Location Insight

    • Map
    • Local Demand
    City
    Ames
    County
    Story
    State
    Iowa
    Longitude
    -93.6201
    Latitude
    42.0342
    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
    $3,692
    $123,900
    $82,700
    $206,600
    -
    $123,900
    $82,700
    $206,600

    Comparable in this City

    • Value Estimation by Request
      889 SF

      124 Main St

      RETAIL STORES (PERSONAL SERVICES) • 889 SF
      124 Main St, Ames, IA 50010-6360
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    • Value Estimation by Request
      650 SF

      113 Main St

      RETAIL STORES (PERSONAL SERVICES) • 650 SF
      113 Main St, Ames, IA 50010-6359
      View Details
    • Value Estimation by Request
      599 SF

      118 Main St

      RETAIL STORES (PERSONAL SERVICES) • 599 SF
      118 Main St, Ames, IA 50010-6360
      View Details
    • Value Estimation by Request
      5,227 SF

      2707 Stange Rd

      RETAIL STORES (PERSONAL SERVICES) • 5,227 SF
      2707 Stange Rd, Ames, IA 50010-3965
      View Details
    • Value Estimation by Request
      6,822 SF

      814 Duff Ave, Unit 816

      RETAIL STORES (PERSONAL SERVICES) • 6,822 SF
      814 Duff Ave, Ames, IA 50010-6812
      View Details
    • Value Estimation by Request
      114,744 SF

      120 Airport Rd

      RETAIL STORES (PERSONAL SERVICES) • 114,744 SF
      120 Airport Rd, Ames, IA 50010-8203
      View Details

    Similar Nearby for Sale

    • $399,000
      2,724 SF

      Retail Space on High-Traffic Corridor

      Retail property with high visibility and on-site parking.
      217 S Duff Ave, Ames, IA 50010
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    • $100,000
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      Ames Retail Business Opportunity

      Retail property for sale in Ames, Iowa.
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    • Contact for pricing
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      Land suitable for drive-thru business near H30 and Dayton exit.
      1810 Isaac Newton Dr Lot, Ames, IA 50010
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    • $1,332,936
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      Ames Drive-Thru Business Lot

      4.07 acre lot suitable for drive-thru business in Ames.
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    • $1,137,000
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      Ames Commercial Land Development Opportunity

      3.07 Acres, High-Traffic Location, HOC Zoning
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    Similar Nearby for Lease

    • $7 SF/Yr
      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
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    • $20 SF/Yr
      14,333 SF

      Retail Space on Lincoln Way

      Retail space available for sublease on Lincoln Way.
      2420 Lincoln Way, Ames, IA 50010
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    • $14 SF/Yr
      5,300 SF

      Ames Retail Space: The Edge

      Prime Ames retail, multiple suites available.
      2311 Chamberlain Ave, Ames, IA 50010
      View Details
    • $18 SF/Yr
      6,707 SF

      Retail/Office Space For Rent

      Retail or office suites available with negotiable tenant improvements.
      3326 Lincoln Way, Ames, IA 50010
      View Details
    • Contact for pricing
      75,000 SF

      Ames Mixed-Use Development Opportunity

      Prime Ames location, near ISU
      0 Jack Trice Way, Ames, IA 50010
      View Details
    • $9 SF/Yr
      7,588 SF

      Restaurant Space Near Iowa State

      7,588 SF restaurant space near Iowa State University campus.
      2601 E 13Th St, Ames, IA 50010
      View Details
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    1228 Grand Ave
    Ames, IA 50010-6057
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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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