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Property profile & analytics
FOR SALE
Retail space

1315 S Dayton Ave Ames, IA 50010

88,628 SF 10.01 ac lot Built 2006
Entity Owned 20-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US25-0606376
Property summary
AI-generated overview

This exceptional 2.02-acre commercial land parcel is ideally situated at 1315 S Dayton Ave in Ames, Iowa, zip code 50010. The property boasts a highly desirable location, surrounded by a thriving mix of residential and commercial establishments. Densely populated neighborhoods, numerous apartment complexes, and a variety of businesses create a high-traffic environment, ensuring excellent visibility and accessibility for any future development. The strategic location offers convenient access to State Highway 30, within a 5-minute radius, providing seamless connectivity to major transportation routes. Nearby businesses include a diverse range of amenities, such as Theisen's Home Farm & Auto, Staybridge Suites, Kum & Go, Subway, El Azteca, Kwik Star, Fairfield Inn & Suites, SpringHill Suites, Hampton Inn & Suites, and TownePlace Suites by Marriott, further enhancing the property's appeal and potential. This prime commercial land presents a unique opportunity for investors and developers seeking a high-growth area with significant development potential. The asking price for this exceptional property is $283,140. The property is located in Story County.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2006
Construction CONCRETE
Total area 88,628 SF
Lot 10.01 ac (436,154 SF)
Zoning code HOC
APN 09-12-451-010
UPID US25-0606376
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
  • Theisen's Home Farm Auto of Ames Department Store
  • TNT Fireworks Discount Store Party Supply Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.49M
Blend (final) Blend
$2.86M
Owner & transaction history
Theisen Development Co LLC · 20 yrs held
Theisen Development Co LLC
since 2005
1 recorded transaction
2005
$475,000
Zoning & alternative use
HOC · Ames, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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