Property profile

1429 Boston Ave Ames, IA 50010

OFF-MARKET
Medical Office Space
Property ID
US25-0585634
2,319 SF 1.01 ac lot Built 2020
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2020
Construction FRAME
Total area 2,319 SF
Lot 1.01 ac (43,996 SF)
Zoning code HOC
APN 05-36-480-030
UPID US25-0585634

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician Medical Clinic
  • Physician Medical Clinic
  • Physician Medical Clinic

Location

1429 Boston Ave Ames, IA 50010-8777
Ames metro Census 101 AMES, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$115k

Owner & transaction history

since 2020
Last sale
$140,000
1 recorded transaction
2020
$140,000

Zoning & alternative use

HOC · Ames, IA
Zoning description

zoned Highway Oriented Commercial “HOC” between Duff Avenue and South Dakota Avenue by allowing for a mixed commercial/residential use option. This Overlay preserves the primary use of the corridor for commercial uses wh…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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