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Property profile & analytics
OFF-MARKET
Estimated value
$3,615,000
Hotels
2609 University Blvd Ames, IA 50010-8624
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0620566
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2000
Construction
FRAME
Total area
52,884 SF
Lot
2.65 ac (115,637 SF)
Zoning code
HOC
APN
09-16-428-010
UPID
US25-0620566
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
-
Radisson Hotel Ames Conference Center At ISU Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.62M
CAP Approach
CAP
$5.05M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.62M
Owner & transaction history
Discount Key 2024 Hotel Associates · 1 yrs held
Discount Key 2024 Hotel Associates
since 2024
Last sale
$3.6M
1 recorded transaction
Zoning & alternative use
HOC · Ames, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$4.6M
+328.4%
Restaurant
$4.4M
+309.0%
Office building
$4.2M
+289.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Ames submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ames submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$3,615,000
ML approach
$3,615,000
CAP Approach
CAP Return
Estimation
6%
$5,470,000
6.5%
$5,050,000
7%
$4,690,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$4,600,000
Change: +328% · Conversion: Difficult
RESTAURANT
$4,395,000
Change: +309% · Conversion: Difficult
OFFICE BUILDING
$4,180,000
Change: +289% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,105,000
Change: +282% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,215,000
Change: +199% · Conversion: Difficult
RETAIL STORES
$3,035,000
Change: +183% · Conversion: Difficult
Blend value · Realmo final
$3.62M
Range $3.25M – $3.98M · ±10% · vs last sale $3.62M (Oct 11 2024)
Last sale anchor
$3.62M
Oct 11 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$68 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$112,810
Tax year 2023
Assessed value
$4,162,900
Assessed 2024
Previous assessed
$4,162,900
+0.0% YoY
Effective rate
2.71%
On assessed value
Assessed land
$591,400
Assessed improvement
$3,571,500
Land market value
$591,400
Improvement market value
$3,571,500
Total market value
$4,162,900
Applied tax rate
1,001.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2000
Construction
FRAME
Heating
NONE
Stories
3
Total area
52,884 SF
Lot
2.65 ac (115,637 SF)
Zoning code
HOC
APN
09-16-428-010
UPID
US25-0620566
Jurisdiction
STORY
Zoning & alternative use
HOC · Ames, IA
Zoning HOC · permitted uses
HOC · Ames, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ames. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.6M
RESTAURANT
Est. value
$4.4M
OFFICE BUILDING
Est. value
$4.2M
AUTO REPAIR, GARAGE
Est. value
$4.1M
WAREHOUSE, STORAGE
Est. value
$3.2M
RETAIL STORES
Est. value
$3.0M
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2000
Construction
FRAME
Heating
NONE
Stories
3
Lot
2.65 ac
Current owner
From public records · entity-resolved
Discount Key 2024 Hotel Associates
Entity
Mailing address
2340 COLLINS AVE STE #700, MIAMI BEACH, FL 33139-1637
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 11, 2024
$3,616,000
Discount Key 2024 Hotel Associates
C13 University Boulevard LLC
Special Warranty Deed
$4,500,000 · West Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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