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Property profile & analytics
OFF-MARKET Estimated value $1,910,000
Strip malls

1620 Kellogg Ave Ames, IA 50010-8001

12,510 SF 2.67 ac lot Built 2007
Entity Owned 20-yr Hold Absentee Owner Free & Clear
Property ID
US25-0558809
Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2007
Construction CONCRETE
Total area 12,510 SF
Lot 2.67 ac (116,511 SF)
Zoning code HOC
APN 09-14-126-050
UPID US25-0558809
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
  • W & Z Mongolian Buffet Restaurant Buffet
  • Pollard Family Dentistry of Ames Dental Office
  • James Pollard Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.05M
Comparable Approach Comparable
$1.77M
Blend (final) Blend
$1.91M
Owner & transaction history
Yum Properties LLC · 20 yrs held
Yum Properties LLC
since 2006
1 recorded transaction
2006
Price N/A
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) $1.8M +61.5%
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