Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    1429 Boston Ave Ames, IA 50010-8777
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1429 Boston Ave Ames, IA 50010-8777

    View on Map
    • Medical Office Space
    • 2,319 SF
    • 1.01 lot acres
    Off-Market
    Last Sale Dec 4, 2020
    $140,000
    Property ID
    US25-0585634
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Iowa Dermatology Consultants / Physician / Medical Clinic
    • Anne Snider, MD / Physician / Medical Clinic
    • Dr. Laura Myers / Physician / Medical Clinic

    Property Details for 1429 Boston Ave

    Year built
    2020
    Construction
    FRAME
    Lot size
    1.01 lot acres
    Property size
    2,319 SF
    Zone code
    HOC
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    05-36-480-030
    APU
    536480030

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Ames
    County
    Story
    State
    Iowa
    Longitude
    -93.5833
    Latitude
    42.0364
    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
    $17,874
    $134,400
    $586,400
    $720,800
    -
    $134,400
    $586,400
    $720,800

    Comparable in this City

    • Value Estimation
      $1,900,000
      29,212 SF

      1015 Duff Ave

      MEDICAL BUILDING • 29,212 SF
      1015 Duff Ave, Ames, IA 50010-5733
      View Details
    • Value Estimation
      $5,255,000
      78,379 SF

      1215 Duff Ave

      MEDICAL BUILDING • 78,379 SF
      1215 Duff Ave, Ames, IA 50010-5400
      View Details
    • Value Estimation
      $660,000
      32,383 SF

      2120 Bailey Ave

      MEDICAL BUILDING • 32,383 SF
      2120 Bailey Ave, Ames, IA 50010-9667
      View Details
    • Value Estimation by Request
      13,049 SF

      2020 Philadelphia St

      MEDICAL BUILDING • 13,049 SF
      2020 Philadelphia St, Ames, IA 50010-8772
      View Details
    • Value Estimation by Request
      4,750 SF

      1128 Duff Ave

      MEDICAL BUILDING • 4,750 SF
      1128 Duff Ave, Ames, IA 50010-5776
      View Details
    • Value Estimation
      $1,035,000
      18,615 SF

      Ames, IA 50010

      MEDICAL BUILDING • 18,615 SF
      Ames, IA 50010
      View Details

    Similar Nearby for Sale

    • $495,000
      Pending

      Sophisticated Workspace in Ames, Iowa

      Award-winning commercial design with premium finishes and functional flexibility.
      612 5Th St, Ames, IA 50010
      View Details
    • $3,400,000
      32,400 SF

      Versatile Flex Building in Ames, IA

      Adaptable 32,400 SF flex building in a prime location.
      2826 Hyatt Cir, Ames, IA 50010
      View Details
    • Contact for pricing

      Divisible Commercial Building with Overhead Doors

      Divisible commercial building with loading access and storefront windows.
      2542 Bailey Ave, Ames, IA 50010
      View Details
    • Contact for pricing

      Ames Commercial Land Opportunity

      Prime 3-acre commercial lot near I-35 & US Hwy 30.
      2400 SE 16Th St, Ames, IA 50010
      View Details
    • $2,295,000
      59,301 SF

      New Flex/Warehouse Building in Ames

      12,800 SF flex/warehouse building with easy highway access.
      2542 Bailey Ave, Ames, IA 50010
      View Details
    • $1,207,476
      3.80 Acres

      Commercial Land Near Dayton Exit

      Commercial land with stormwater detention near hotels and highway.
      1907 Isaac Newton Dr, Ames, IA 50010
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,907 SF

      Stand-Alone Office Building For Rent

      Stand-alone office building with excellent access off I-35.
      2825 E 13Th St, Ames, IA 50010
      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 50010
      View Details
    • $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
      View Details
    • Contact for pricing

      Office Space with Existing Furniture

      6144 SF office space with furniture available for rent.
      1523 S Bell Ave, Ames, IA 50010
      View Details
    • Contact for pricing

      Downtown Space for Lease

      3000 sq ft space suitable for bar, retail, or office.
      400 Main St, Ames, IA 50010
      View Details
    • Contact for pricing

      Divisible Flex Space Near Highway

      12,800 SF flex space divisible into five units.
      2542 Bailey Ave, Ames, IA 50010
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1429 Boston Ave
    Ames, IA 50010-8777
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!