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    126 Welch Ave Ames, IA 50014-7153
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    Property profile & analytics

    126 Welch Ave, Ames, IA 50014-7153

    View on Map
    • Retail space
    • 16,439 SF
    • 0.33 lot acres
    Off-Market
    Property ID
    US25-0687577
    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.
    Value Estimations
    $1,280,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Cave Inn Apartments / Vacation Rental / Hotel & Motel
    • Campustown CUts / Barber Shop

    Property Details for 126 Welch Ave

    Year built
    1971
    Construction
    CONCRETE
    Lot size
    0.33 lot acres
    Zone code
    CSC
    Property type
    Retail space
    APN
    09-09-127-145
    APU
    909127145

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 15, 2021 — Cave Inn Building LLC — Deed · related $1.1M · Central State Bank
    Feb 27, 2020 — Cave Inn Building LLC — Deed · related $2.1M · Central State Bank
    Mar 23, 2017 $797,000 Cave Inn Building LLC Gencor INC Warranty Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,163,000
      Market price range: $231k - $2.03M
      AI Estimate
      $1,129,000
      Market price range: $555k - $1.83M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,235,000
      Current use
      WAREHOUSE, STORAGE
      $1,975,000
      Change: +60% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Ames
    County
    Story
    State
    Iowa
    Longitude
    -93.6497
    Latitude
    42.0218
    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
    $45,778
    $829,300
    $1,257,500
    $2,086,800
    -
    $829,300
    $1,257,500
    $2,086,800

    Comparable in this City

    • Value Estimation by Request
      1,550 SF

      1635 Amherst Dr

      RETAIL STORES (PERSONAL SERVICES)
      1635 Amherst Dr, Ames, IA 50014-3925
      View Details
    • Value Estimation by Request
      4,620 SF

      131 Welch Ave

      Individual retail properties
      131 Welch Ave, Ames, IA 50014
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    • Value Estimation by Request
      3,240 SF

      4911 Lincoln Way

      RETAIL STORES (PERSONAL SERVICES)
      4911 Lincoln Way, Ames, IA 50014-3634
      View Details
    • Value Estimation
      $505,000
      4,620 SF

      133 Welch Ave

      RETAIL STORES (PERSONAL SERVICES)
      133 Welch Ave, Ames, IA 50014-7228
      View Details
    • Value Estimation by Request
      2,290 SF

      2416 Knapp St

      RETAIL STORES (PERSONAL SERVICES)
      2416 Knapp St, Ames, IA 50014-7316
      View Details
    • Value Estimation by Request
      1,360 SF

      2536 Lincoln Way

      RETAIL STORES (PERSONAL SERVICES)
      2536 Lincoln Way, Ames, IA 50014-7218
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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    • $450,000
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      Turnkey commercial property in Ames, Iowa, suitable for various ventures.
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      Ames Residential Building Lot

      Daylight lot for custom home construction in Ames, Iowa.
      4 5120, Ames, IA 50014
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    • $95,000
      0.74 Acres

      Residential Land in Prairie Valley

      Build your dream home in a premier residential development.
      50283 Pr Pt Ct, Ames, IA 50014
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    • $2,350,000

      Multifamily Property in West Ames

      Well-maintained multifamily property with updated units and convenient location.
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      Ames Land Parcel For Sale

      Two parcels of land totaling 31 acres in Ames, Iowa.
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    Similar Nearby for Lease

    • $18 SF/Yr
      3,000 SF

      Retail Space For Lease

      Retail spaces available in Ames, Iowa, with high visibility.
      4518 Mortensen Rd, Ames, IA 50014
      View Details
    • Contact for pricing
      14,333 SF

      Retail Space on Lincoln Way

      Retail space available for sublease on Lincoln Way.
      2420 Lincoln Way, Ames, IA 50014
      View Details
    • Contact for pricing
      6,707 SF

      Retail/Office Space For Rent

      Retail or office suites available with negotiable tenant improvements.
      3326 Lincoln Way, Ames, IA 50014
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space in Ames, Iowa

      Retail space available for lease in Ames, Iowa.
      215 Stanton Ave, Ames, IA 50014
      View Details
    • $12 SF/Yr
      3,955 SF

      Retail Space Available for Lease

      Retail space available for lease, 3955 square feet.
      2702-2710 Lincoln Way, Ames, IA 50014
      View Details
    • Contact for pricing
      750 SF

      Ames Campustown Retail/Office Space

      Retail or office space in high-traffic Campustown location.
      207 Stanton Ave, Ames, IA 50014
      View Details
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    Ames, IA 50014-7153
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    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
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