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Property profile & analytics
OFF-MARKET
Office buildings
323 6th St Ames, IA 50010-6105
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0632456
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1960
Total area
4,836 SF
Lot
0.25 ac (10,800 SF)
Zoning code
NC
APN
09-02-331-080
UPID
US25-0632456
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
-
Ames National Corporation Holding Company
-
Lyon Kate R. Law Firm
-
Pasley and Singer Law Firm, LLP Law Firm
-
Hippen Scott L Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ames National Corporation · 2 yrs held
Ames National Corporation
since 2023
Last sale
$500,000
1 recorded transaction
Zoning & alternative use
NC · Ames, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Sec. 29.801. “NC” NEIGHBORHOOD COMMERCIAL ZONING STANDARDS. (1) Purpose. The Neighborhood Commercial (NC) zone is intended for small areas in or near residential neighborhoods. The zone encourages the provision of small -scale retail and service use for nearby residents. Uses are restricted in size to promote a local orientation and to limit adverse impacts…
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
37.01 ac
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$9,906
Tax year 2023
Assessed value
$431,900
Assessed 2024
Previous assessed
$431,900
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$172,200
Assessed improvement
$259,700
Land market value
$172,200
Improvement market value
$259,700
Total market value
$431,900
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1960
Heating
NONE
Stories
1
Total area
4,836 SF
Lot
0.25 ac (10,800 SF)
Zoning code
NC
APN
09-02-331-080
UPID
US25-0632456
Jurisdiction
STORY
Zoning & alternative use
NC · Ames, IAZoning NC · permitted uses
NC · Ames, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Sec. 29.801. “NC” NEIGHBORHOOD COMMERCIAL ZONING STANDARDS. (1) Purpose. The Neighborhood Commercial (NC) zone is intended for small areas in or near residential neighborhoods. The zone encourages the provision of small -scale retail and service use for nearby residents. Uses are restricted in size to promote a local orientation and to limit adverse impacts on nearby residential areas. Development is intended to be pedestrian -oriented and compatible with the scale of surrounding residential areas. Parking areas are strictly regulated, to promote compatibility with the character of surrounding residential development and the intended pedestrian orientation of the uses. (2) Permitted Uses. The uses permitted in the NC Zone are set forth in Table 29.801(2) below:
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
37.01 ac
Building & site characteristics
From public records
Year built
1960
Heating
NONE
Stories
1
Lot
0.25 ac
Current owner
From public records · entity-resolved
Ames National Corporation
Entity
Mailing address
405 5TH ST, AMES, IA 50010-6103
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Aug 16, 2023
$500,000
Ames National Corporation
Pasley Law Building LLC
Warranty Deed
$400,000 · Green Belt Bank & Trust
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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