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Property profile & analytics
FOR SALE
Warehouses

23959 580Th Ave Ames, IA 50010

6,500 SF 23.3 ac lot Built 1987
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US25-0469948
Property summary
AI-generated overview

This exceptional Ames, Iowa industrial property, located at 23959 580th Ave, offers 81,697 square feet of versatile space ideal for flex, manufacturing, warehouse, or distribution uses. Situated on 18 acres with convenient Highway 30 frontage, this Class A building boasts a single story design constructed in 1973. The property features intensive industrial zoning, allowing for a wide range of operational possibilities. Multiple suites are available, with a minimum divisible space of 6,000 square feet and a maximum contiguous space of 81,697 square feet, providing flexibility for businesses of various sizes. The building includes two loading docks, two dock-high doors, and three drive-in doors, ensuring efficient loading and unloading. Three-phase power is readily available throughout the facility. The property also includes over 8,000 square feet of front office space and over 72,000 square feet of warehouse space with varying bay heights and sizes. This property is well-suited for a single owner-occupant or can be easily divided into a multi-tenant commercial condominium. Its prime location in Story County, Iowa, with easy access to Highway 30 and I-35, provides excellent accessibility and visibility. The property's size and features make it a highly desirable location for a variety of industrial businesses. Contact us today to learn more about this exceptional opportunity.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1987
Construction FRAME
Total area 6,500 SF
Lot 23.3 ac (1,014,948 SF)
APN 10-08-400-405
UPID US25-0469948
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
  • Agripro Seeds Factory Production Facility
  • BSSI MW & Agvolution Technology Trucking Company
  • Berdex USA, LLC Production Facility
  • Brookstone Wash Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$845k
CAP Approach CAP
$520k
Comparable Approach Comparable
$577k
Blend (final) Blend
$770k
Owner & transaction history
Bankers T Co · 7 yrs held
Bankers T Co
since 2019
3 recorded transactions
2022
Price N/A
2020
Price N/A
2019
$4.0M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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