Property profile

210 Freel Dr Ames, IA 50010

OFF-MARKET
Warehouses
Property ID
US25-0672567
7,310 SF 2 ac lot Built 1978
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This single-tenant industrial property at 210 Freel Drive in Ames offers 7,310 square feet of versatile flex space, ideal for a variety of commercial and industrial uses. Built in 1978, the one-story building features a 14-foot ceiling height, perfect for accommodating various equipment and storage needs. The property sits on a two-acre lot, providing extensive outdoor storage and parking. Ten drive-in doors ensure efficient loading and unloading. The building's previous use as a refuse company facility suggests a layout well-suited for contractors, wholesalers, logistics companies, towing businesses, and other similar operations requiring a combination of indoor and outdoor space. The GI zoning allows for a range of possibilities. Property taxes are $7,480 annually. This property presents a unique opportunity to establish a strong business presence in Ames. The ample space and convenient features make it an attractive option for businesses seeking a flexible and functional workspace.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1978
Construction FRAME
Total area 7,310 SF
Lot 2 ac (87,120 SF)
Zoning code GI
APN 09-12-201-070
UPID US25-0672567

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
  • General Contractor Construction Company
  • Waste Management Facility

Location

210 Freel Dr Ames, IA 50010-6512
Ames metro Census 1000 AMES, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$320k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$320k

Owner & transaction history

Zoning & alternative use

GI · Ames, IA
Zoning description

(a) Applicability. These standards apply to all zoning districts except General Industrial (GI), Research and Innovation (RI), Intensive Industrial (II), and Planned Industrial (PI). (Ord. No. 4517, 01-23-24) (b) Types o…

General category INDUSTRIAL

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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