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Property profile & analytics
OFF-MARKET Estimated value $1,060,000
Strip malls

1614 Kellogg Ave Ames, IA 50010-8002

10,213 SF 1.05 ac lot Built 2006
Entity Owned 12-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US25-0583651
Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2006
Construction CONCRETE
Total area 10,213 SF
Lot 1.05 ac (45,825 SF)
Zoning code HOC
APN 09-14-126-035
UPID US25-0583651
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
  • The Colour Bar Hair Studio Hair Salon Nail Salon
  • Remedy Training Co. Gym & Fitness Center
  • Fuji Japanese Steak House Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.08M
Blend (final) Blend
$1.06M
Owner & transaction history
W & B Development LLC · 12 yrs held
W & B Development LLC
since 2013
1 recorded transaction
2013
$1.6M
Zoning & alternative use
HOC · Ames, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 while allowing for another housing option for the City of Ames residents and promotes high quality architectural design and compatibility with…

Zone name Highway Oriented Commercial
General category COMMERCIAL
Zone area 1,124.27 ac
Top alternative use upside
Commercial (general) $1.4M +61.5%
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