Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    215 16th St Ames, IA 50010-5309
    Back to Search

    Meet Realmo: The Largest Hub of Commercial Real Estate in the US

    Over 1 million active listings and over 150 million property profiles

    Property profile & analytics

    215 16th St Ames, IA 50010-5309

    View on Map
    • Commercial land
    • 0.68 lot acres
    Off-Market
    Property ID
    US25-2364239
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 215 16th St

    Lot size
    0.68 lot acres
    Property type
    Commercial land
    APN
    09-11-378-060
    APU
    911378060

    Description

    Duff Plaza, a brand-new, two-building retail strip center in Ames, IA, offers exceptional leasing opportunities. Completed in 2023, this Class A property boasts 13,000 total square feet, with 7,500 square feet currently vacant. Units range from a minimum of 1,400 square feet to a maximum contiguous space of 7,025 square feet, providing flexibility for various retail concepts. Located at 215 S 16th St, Ames, IA 50010, in Story County, this property enjoys a prime location within Ames's major retail corridor on Duff Avenue. This high-traffic area is anchored by major national retailers including Best Buy, Target, Walmart, and Sam's Club, ensuring significant foot traffic and brand visibility. The Ames market offers a strong demographic profile, with a population exceeding 69,000 and the presence of Iowa State University, home to over 30,000 students. Occupancy is anticipated for Q4 2024/Q1 2025. This is an unparalleled chance to establish a presence in a thriving retail environment within a newly constructed, modern facility. The property's single-story design and convenient access further enhance its appeal. Don't miss this opportunity to secure your space in this premier Ames location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Ames
    County
    Story
    State
    Iowa
    Longitude
    -93.6128
    Latitude
    42.0086
    CBSA code
    11180
    CBSA name
    AMES, IA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,630
    $205,600
    $0.00
    $205,600
    -
    $205,600
    $0.00
    $205,600

    Comparable in this City

    • Value Estimation by Request
      1.00 Acre

      312 Freel Dr

      VACANT COMMERCIAL LAND • 1.00 Acre
      312 Freel Dr, Ames, IA 50010
      View Details
    • Value Estimation by Request
      1.01 Acres

      219 Freel Dr

      VACANT COMMERCIAL LAND • 1.01 Acres
      219 Freel Dr, Ames, IA 50010-6511
      View Details
    • Value Estimation by Request
      3.81 Acres

      1907 Isaac Newton Dr

      VACANT COMMERCIAL LAND • 3.81 Acres
      1907 Isaac Newton Dr, Ames, IA 50010-8252
      View Details
    • Value Estimation by Request
      0.44 Acres

      1812 Lincoln Way

      VACANT COMMERCIAL LAND • 0.44 Acres
      1812 Lincoln Way, Ames, IA 50010-6544
      View Details
    • Value Estimation by Request
      0.08 Acres

      414 3rd St

      VACANT COMMERCIAL LAND • 0.08 Acres
      414 3rd St, Ames, IA 50010
      View Details
    • Value Estimation by Request
      1.15 Acres

      1911 5th St

      VACANT COMMERCIAL LAND • 1.15 Acres
      1911 5th St, Ames, IA 50010
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Commercial Land on S Dayton

      1.00 AC commercial land for sale in Ames, Iowa.
      1315 S Dayton Ave, Ames, IA 50010
      View Details
    • $475,000
      1.28 Acres

      Commercial Lot in Ames, Iowa

      Commercial lot zoned HOC, located near Target in Ames.
      311 SE 3Rd St, Ames, IA 50010
      View Details
    • $1,332,936
      4.07 Acres

      Commercial Lot Near Dayton Exit

      4.07 acre commercial lot suitable for drive-thru business.
      1815 Isaac Newton Dr, Ames, IA 50010
      View Details
    • $524,454
      0.86 Acres

      Commercial Land Ready For Development

      Commercial land suitable for drive-thru business near hotels.
      1810 Isaac Newton Dr, Ames, IA 50010
      View Details
    • $210,000
      1.07 Acres

      Commercial Land in Ames, Iowa

      Commercial land available for sale in Ames, Iowa.
      410 SE 3Rd St, Ames, IA 50010
      View Details
    • $549,000
      1.70 Acres

      Commercial Lot in Ames, Iowa

      Commercial lot with easy access to I-35 and HWY 30.
      2310 E 13Th St, Ames, IA 50010
      View Details

    Similar Nearby for Lease

    • $32 SF/Yr
      2,303 SF

      Retail Space on Grand Avenue

      Modern retail space with high visibility and ample parking.
      2925 Grand Ave, Ames, IA 50010
      View Details
    • Contact for pricing

      Retail Space in Duff Plaza

      Retail space available for lease in Ames, Iowa.
      1419 Buckeye Ave, Ames, IA 50010
      View Details
    • Contact for pricing

      Divisible Flex Space Near Highway

      12,800 SF flex space divisible into five units.
      2542 Bailey Ave, Ames, IA 50010
      View Details
    • $9 SF/Yr
      7,588 SF

      Restaurant Space Near Iowa State

      7,588 SF restaurant space near Iowa State University campus.
      2601 E 13Th St, Ames, IA 50010
      View Details
    • Contact for pricing
      6,707 SF

      Retail/Office Space For Rent

      Retail or office suites available with negotiable tenant improvements.
      3326 Lincoln Way, Ames, IA 50010
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space in High-Traffic Complex

      Retail space in high-traffic complex near Iowa State University.
      637 Lincoln Way, Ames, IA 50010
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    215 16th St
    Ames, IA 50010-5309
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    215 16th St, Ames, IA, 50010
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!