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Property profile & analytics
OFF-MARKET Estimated value $780,000
Grocery and convenience stores

2108 Isaac Newton Dr Ames, IA 50010-8215

7,926 SF 3.2 ac lot Built 2003
Individually Owned 14-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US25-0575169
Property profile
Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 2003
Construction CONCRETE
Total area 7,926 SF
Lot 3.2 ac (139,199 SF)
Zoning code HOC
APN 09-12-480-040
UPID US25-0575169
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
  • Subway Take-out & Catering Catering Service
  • Car Wash Car Wash
  • Dairy Queen Restaurant Take-out & Catering
  • Kum & Go Gas Station
  • ChargePoint Charging Station Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$780k
Blend (final) Blend
$780k
Owner & transaction history
Lois Haverkamp · 14 yrs held
Lois Haverkamp
since 2012
4 recorded transactions
2012
$2.4M
2011
$83,000
2008
$2.3M
2006
$1.8M
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) $1.1M +61.5%
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