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    Property profile & analytics

    223 Welch Ave Ames, IA 50014-7179

    • Retail space
    • 5,840 SF
    • 0.10 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US25-0730922
    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.

    Current Use by Public Records

    • Cactus 2 / Mexican Restaurant
    • The Blue Owl Bar / Bar

    Property Details for 223 Welch Ave

    Year built
    1984
    Lot size
    0.10 lot acres
    Property size
    5,840 SF
    Zone code
    CSC
    Property type
    Retail space
    APN
    09-09-128-130
    APU
    909128130

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ames
    County
    Story
    State
    Iowa
    Longitude
    -93.6504
    Latitude
    42.0204
    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
    $17,534
    $247,400
    $461,100
    $708,500
    -
    $247,400
    $461,100
    $708,500

    Comparable in this City

    • Value Estimation by Request
      1,550 SF

      1635 Amherst Dr

      RETAIL STORES (PERSONAL SERVICES) • 1,550 SF
      1635 Amherst Dr, Ames, IA 50014-3925
      View Details
    • Value Estimation by Request
      4,620 SF

      131 Welch Ave

      Individual retail properties • 4,620 SF
      131 Welch Ave, Ames, IA 50014
      View Details
    • Value Estimation by Request
      3,240 SF

      4911 Lincoln Way

      RETAIL STORES (PERSONAL SERVICES) • 3,240 SF
      4911 Lincoln Way, Ames, IA 50014-3634
      View Details
    • Value Estimation by Request
      4,620 SF

      133 Welch Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,620 SF
      133 Welch Ave, Ames, IA 50014-7228
      View Details
    • Value Estimation
      $260,000
      2,290 SF

      2416 Knapp St

      RETAIL STORES (PERSONAL SERVICES) • 2,290 SF
      2416 Knapp St, Ames, IA 50014-7316
      View Details
    • Value Estimation
      $250,000
      1,360 SF

      2536 Lincoln Way

      RETAIL STORES (PERSONAL SERVICES) • 1,360 SF
      2536 Lincoln Way, Ames, IA 50014-7218
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Ames Land Parcel For Sale

      Two parcels of land totaling 31 acres in Ames, Iowa.
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    • $135,600
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      Land in Ansley Ames Village

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      High-traffic commercial lot near Iowa State University.
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    Similar Nearby for Lease

    • Contact for pricing
      900 SF

      Retail Space in Ames, Iowa

      Retail space available for rent in Ames, Iowa.
      200 Stanton Ave, Ames, IA 50014
      View Details
    • $18 SF/Yr
      3,300 SF

      Retail Space Available For Rent

      Retail space available for lease in Ames, Iowa.
      216 Stanton Ave, Ames, IA 50014
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space in Ames, Iowa

      Retail space available for lease in Ames, Iowa.
      215 Stanton Ave, Ames, IA 50014
      View Details
    • $12 SF/Yr
      5,300 SF

      Ames Restaurant Space Available

      Prime Ames location, flexible space options.
      2311 Chamberlain St, Ames, IA 50014
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    • $16 SF/Yr
      750 SF

      Ames Campustown Retail/Office Space

      Retail or office space in high-traffic Campustown location.
      207 Stanton Ave, Ames, IA 50014
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    • $18 SF/Yr
      5,425 SF

      Ames Retail Space: Lincoln Way Gem

      Prime Ames retail/office space, two suites available.
      2702 Lincoln Way, Ames, IA 50014
      View Details

    Property Visit Statistics

    • Visits by month
      2.0k
    • Visitors by month
      1.5k
    • Avg Time on site
      36 min
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    223 Welch Ave
    Ames, IA 50014-7179
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    Realmo Value Estimation

    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.

    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.

    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
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