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    300 Main St Ames, IA 50010-6189
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    300 Main St Ames, IA 50010-6189

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    • Investment properties
    • 5,113 SF
    • 0.06 lot acres
    Off-Market
    Property ID
    US25-0651256
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mel's Sweet Occasions / Bakery / Specialty Food Shop
    • Tonya Rock Photography / Photography Service / (Bike/Boat/Book/etc) Store
    • Powder Studio smashbox STUDIO / Hair Salon / Nail Salon
    • Sculptor Inc / (Bike/Boat/Book/etc) Store / Corporate Office

    Property Details for 300 Main St

    Year built
    1904
    Lot size
    0.06 lot acres
    Property size
    5,113 SF
    Zone code
    DSC
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    09-02-356-010
    APU
    902356010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Ames
    County
    Story
    State
    Iowa
    Longitude
    -93.6139
    Latitude
    42.0249
    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
    $5,672
    $86,400
    $192,000
    $278,400
    -
    $86,400
    $192,000
    $278,400

    Comparable in this City

    • Value Estimation
      $1,060,000
      11,952 SF

      424 5th St

      STORE/OFFICE (MIXED USE) • 11,952 SF
      424 5th St, Ames, IA 50010-6104
      View Details
    • Value Estimation
      $895,000
      18,560 SF

      413 Douglas Ave, Unit 429

      STORE/OFFICE (MIXED USE) • 18,560 SF
      413 Douglas Ave, Ames, IA 50010-6213
      View Details
    • Value Estimation
      $1,410,000
      7,800 SF

      2604 Northridge Pkwy

      STORE/OFFICE (MIXED USE) • 7,800 SF
      2604 Northridge Pkwy, Ames, IA 50010-4475
      View Details
    • Value Estimation
      $900,000
      10,000 SF

      323 Main St

      STORE/OFFICE (MIXED USE) • 10,000 SF
      323 Main St, Ames, IA 50010-6160
      View Details
    • Value Estimation
      $890,000
      9,500 SF

      400 Main St

      STORE/OFFICE (MIXED USE) • 9,500 SF
      400 Main St, Ames, IA 50010-6487
      View Details
    • Value Estimation by Request
      11,812 SF

      328 Main St

      STORE/OFFICE (MIXED USE) • 11,812 SF
      328 Main St, Ames, IA 50010-6162
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Divisible Commercial Building with Overhead Doors

      Divisible commercial building with loading access and storefront windows.
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      Ames Land Parcel For Sale

      Land parcel available in Ames, Iowa, approximately 3.81 acres.
      1907 Isaac Newton Dr, Ames, IA 50010
      View Details
    • $617,775
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      Ames Commercial Land For Sale

      1.182 acre commercial land with highway access in Ames.
      310 S 17Th St, Ames, IA 50010
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    • $330,000
      Pending

      Turnkey Duplex Investment Opportunity

      Well-maintained duplex with recent updates and strong rental potential.
      1312/1314 Wilson Ave, Ames, IA 50010
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    • $210,000
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      Commercial Land in Ames, Iowa

      Commercial land available for sale in Ames, Iowa.
      410 SE 3Rd St, Ames, IA 50010
      View Details
    • $549,000
      1.70 Acres

      Commercial Lot in Ames, Iowa

      Commercial lot with easy access to I-35 and HWY 30.
      2310 E 13Th St, Ames, IA 50010
      View Details

    Similar Nearby for Lease

    • $32 SF/Yr
      2,303 SF

      Retail Space on Grand Avenue

      Modern retail space with high visibility and ample parking.
      2925 Grand Ave, Ames, IA 50010
      View Details
    • Contact for pricing
      6,707 SF

      Retail/Office Space For Rent

      Retail or office suites available with negotiable tenant improvements.
      3326 Lincoln Way, Ames, IA 50010
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space in High-Traffic Complex

      Retail space in high-traffic complex near Iowa State University.
      637 Lincoln Way, Ames, IA 50010
      View Details
    • $20 SF/Yr
      1,760 SF

      Restaurant Space with Drive-Thru

      End-cap restaurant space with drive-thru available for lease.
      2108 Isaac Newton Dr, Ames, IA 50010
      View Details
    • $20 SF/Yr

      Ames Restaurant Space Available

      Restaurant space for lease in a vibrant Ames location.
      1610 South Kellogg Ave, Ames, IA 50010
      View Details
    • $7 SF/Yr
      3,000 SF

      Downtown Space Near Tom Evan's Park

      3000 sq ft space suitable for bar, retail, or office.
      400 Main St, Ames, IA 50010
      View Details
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    300 Main St
    Ames, IA 50010-6189
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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