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Property profile & analytics
OFF-MARKET Estimated value $2,685,000
Grocery and convenience stores

3619 Stange Rd Ames, IA 50010-3901

33,225 SF 3.66 ac lot Built 2008
Entity Owned 18-yr Hold Free & Clear
Property ID
US25-0482281
Property profile
Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 2008
Total area 33,225 SF
Lot 3.66 ac (159,385 SF)
Zoning code CGS
APN 05-28-273-025
UPID US25-0482281
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
  • Fareway Meat and Grocery Grocery & Convenience Store Food Market
  • Bellino Fireworks Big Box & Wholesale Store Party Supply Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.90M
Blend (final) Blend
$2.69M
Owner & transaction history
Fareway Stores INC · 18 yrs held
Fareway Stores INC
since 2008
1 recorded transaction
2008
$684,000
Zoning & alternative use
CGS · Ames, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

29. 810. “CGS” CONVENIENCE GENERAL SERVICE. (1) Purpose. The Convenience General Service Zone is intended for strategically located nodes on major or minor thoroughfares within or near conventionally designed suburban residential neighborhoods. This zone is similar to, and under the same locational criteria as, the CVCN district, except that it is less restr…

Zone name Convenience General Service
General category RESIDENTIAL
Zone area 23.16 ac
Top alternative use upside
Warehouse, storage $4.0M +60.1%
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