Property profile

23959 580Th Ave Ames, IA 50010

FOR SALE
Other warehouses
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Property ID
US25-0469948
6,500 SF 23.3 ac Built 1987
Last sale May 2019·$4,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Property summary

AI-generated overview

The property is an industrial facility totaling 81,697 square feet of mixed-use space, including more than 56,000 square feet of warehouse area with 14-foot sidewalls and an additional 10,000+ square feet with sidewalls exceeding 18 feet. It is served by two loading docks, a truck scale, and multiple overhead doors, and includes R&D space. The facility has a fire suppression system that was updated, and it is zoned for General Industrial use, providing flexibility for a range of industrial and…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$34k
Tax billed · 2023
Assessed value · 2024$1.31M
Assessed land$205k
Assessed improvement$1.10M
Effective rate2.60%

Value estimate

· Nov 2026
$845k
$761k – $930k
AI approach$845k
CAP approach$520k
Submarket $/SF estimate$577k
NOI build-up
Gross scheduled income$598k
Vacancy & credit loss−$34k
Operating expenses−$197k
NOI · 17.45% cap applied$367k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$120/SF
Submarket average, outlier-cleaned · 21 recorded sales of this use type
Observed band · Q1–Q3$55 – $175
Qualifying comparables3

Cap rate analysis

How does the asset earn?
17.45%
$367k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionSTORY

Location intelligence

Which uses thrive at this corner?
Best fit: Plumbing Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Plumbing Service8.6
Building Supply8.2
Garden Center8.1

Location

23959 580Th Ave Ames, IA 50010
County assessor Recorded deeds · 3 transfers 3 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 10 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
223 Sondrol, Ames, IA 50010-9108 $1,498,785 Jan 2024 7,200 SF
303 Sondrol, Ames, IA 50010-9104 $1,498,786 Jan 2024 5,000 SF
201 Sondrol, Ames, IA 50010 $325,000 Aug 2023 5,040 SF
1319 Lincoln, Ames, IA 50010 $1,300,000 Feb 2023 6,000 SF
114 Sumner, Ames, IA 50010-6668 $142,500 Aug 2022 6,000 SF
1914 Lincoln, Ames, IA 50010-6546 $275,000 Feb 2022 6,600 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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