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Property profile & analytics
OFF-MARKET
Estimated value
$6,695,000
Hotels
1325 Dickinson Ave Ames, IA 50014-5568
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0518298
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2008
Total area
72,459 SF
Lot
3.06 ac (133,231 SF)
Zoning code
CCR
APN
09-07-471-030
UPID
US25-0518298
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
-
Hilton Garden Inn Ames Hotel & Motel
-
Iowa state university College
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.26M
CAP Approach
CAP
$6.92M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.70M
Owner & transaction history
West Ames Hotel Associates LLC · 3 yrs held
West Ames Hotel Associates LLC
since 2023
Last sale
$6.9M
4 recorded transactions
Zoning & alternative use
CCR · Ames, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$10.1M
+585.6%
Commercial (general)
$9.1M
+519.7%
Neighborhood: shopping center
$8.2M
+455.8%
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
$6,545,000
ML approach
$6,260,000
CAP Approach
CAP Return
Estimation
6%
$7,495,000
6.5%
$6,920,000
7%
$6,425,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$10,090,000
Change: +586% · Conversion: Difficult
COMMERCIAL (GENERAL)
$9,120,000
Change: +520% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$8,180,000
Change: +456% · Conversion: Difficult
RESTAURANT
$6,840,000
Change: +365% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,725,000
Change: +289% · Conversion: Difficult
WAREHOUSE, STORAGE
$5,405,000
Change: +267% · Conversion: Difficult
RETAIL STORES
$5,280,000
Change: +259% · Conversion: Difficult
Blend value · Realmo final
$6.70M
Range $6.03M – $7.36M · ±10% · vs last sale $6.88M (Jun 13 2023)
Last sale anchor
$6.88M
Jun 13 2023
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
$92 / 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
$227,464
Tax year 2023
Assessed value
$8,319,900
Assessed 2024
Previous assessed
$8,319,900
+0.0% YoY
Effective rate
2.73%
On assessed value
Assessed land
$1,465,500
Assessed improvement
$6,854,400
Land market value
$1,465,500
Improvement market value
$6,854,400
Total market value
$8,319,900
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2008
Heating
NONE
Stories
3
Total area
72,459 SF
Lot
3.06 ac (133,231 SF)
Zoning code
CCR
APN
09-07-471-030
UPID
US25-0518298
Jurisdiction
STORY
Zoning & alternative use
CCR · Ames, IA
Zoning CCR · permitted uses
CCR · 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
OFFICE BUILDING
Est. value
$10.1M
COMMERCIAL (GENERAL)
Est. value
$9.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.2M
RESTAURANT
Est. value
$6.8M
AUTO REPAIR, GARAGE
Est. value
$5.7M
WAREHOUSE, STORAGE
Est. value
$5.4M
RETAIL STORES
Est. value
$5.3M
OFFICE BUILDING
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
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
2008
Heating
NONE
Stories
3
Lot
3.06 ac
Current owner
From public records · entity-resolved
West Ames Hotel Associates LLC
Entity
Mailing address
801 E 2ND AVE STE #200, CORALVILLE, IA 52241-2250
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 13, 2023
$6,879,500
West Ames Hotel Associates LLC
1325 Dickinson Ave-10175617 LLC
Warranty Deed
$7,980,000 · West Bank
Sep 13, 2021
—
10175617 LLC
Story County Sheriff
Sheriffs Deed
related
—
Jun 9, 2017
—
Cyclone Hospitality LLC
—
Deed
related
$14,500,000 · Rialto Mortgage Finance LLC
May 16, 2012
$7,458,000
Cyclone Hospitality LLC
Chelan Daybreak LLC
Special Warranty Deed
$9,000,000 · The Royal Bank Of Scotland Plc
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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