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Property profile & analytics
OFF-MARKET Estimated value $4,740,000
High-rise multifamily apartments

2300 Lincoln Way 100 Ames, IA 50014-7103

85,902 SF 0.43 ac lot Built 2015
Entity Owned Absentee Owner Free & Clear
Property ID
US25-2432019
Property profile
Verified
Property type High-rise multifamily apartments
Use group HIGH-RISE APARTMENTS
Year built 2015
Total area 85,902 SF
Lot 0.43 ac (18,780 SF)
Zoning code CSC
APN 09-09-200-210
UPID US25-2432019
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
  • The Foundry Apartment Complex Apartment Rental Agency
  • Campus Book Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.74M
Owner & transaction history
FOUNDRY IOWA OWNER LLC
FOUNDRY IOWA OWNER LLC
Zoning & alternative use
CSC · Ames, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Sec. 29.809. “CSC” CAMPUSTOWN SERVICE CENTER. (1) Purpose. The Campustown Service Center (CSC) zone is intended to provide high- density development within an area of the city adjacent to Iowa State University. A broad range of uses is allowed to serve the needs of people who wish to be near ISU, including students and staff, and their families. Development…

Zone name Campustown Service Center
General category CIVIC_INSTITUTIONAL
Zone area 31.68 ac
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