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Property profile & analytics
OFF-MARKET Estimated value $1,875,000
Manufacturing properties

2105 5th St Ames, IA 50010-6447

41,400 SF 4.51 ac lot Built 2015
Individually Owned ~ Est. High Equity
Property ID
US25-1250440
Property summary
AI-generated overview

This exceptional industrial property, totaling 81,582 square feet, presents a unique investment opportunity in the SE Ames Business District. The property comprises three connected buildings, offering flexible leasing options to suit diverse operational needs. Each building can be leased separately, or combinations can be arranged to accommodate specific requirements. Buildings one and two, totaling 40,182 square feet, provide ample warehouse and light manufacturing space, complemented by 3,027 square feet of office space and a 5,662 square foot mezzanine featuring showroom, storage, and a large breakroom. Buildings two and three, encompassing 61,400 square feet, are also available for lease together, or building three (41,400 square feet) can be leased independently. The property boasts seven dock-high doors and three drive-in doors, ensuring efficient loading and unloading. A non-permanent structure with a drive-in door serves as a convenient holding and receiving area, directly accessible from building two. The property features a 28-foot ceiling height, 480V 3-phase power, and 26,100 square feet of concrete paving. Situated on 4.51 acres in Story County, this property benefits from its proximity to I-35 and Highway 30, offering excellent access to major transportation routes. The property is zoned GI-General Industrial and was built in 1995. The entire complex is heated. This versatile property is perfect for businesses seeking a flexible and strategically located industrial space.

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 2015
Construction CONCRETE
Total area 41,400 SF
Lot 4.51 ac (196,335 SF)
Zoning code GI
APN 09-12-275-045
UPID US25-1250440
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
  • North America Cycles Big Box & Wholesale Store
  • In-Gear Outfitters (formerly Bicycle Plus) (Bike/Boat/Book/etc) Store
  • Armor All Bike (Bike/Boat/Book/etc) Store
  • Bicycle Surplus Marketing & Advertising IT Consulting Firm
  • CFG Logistics Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.12M
Blend (final) Blend
$1.88M
Owner & transaction history
Nyle Nims
Nyle Nims
since 2025
4 recorded transactions
2025
Price N/A
2025
Price N/A
2024
Price N/A
2020
Price N/A
Zoning & alternative use
GI · Ames, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage $2.5M +60.5%
Retail stores $2.4M +51.7%
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