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Property profile & analytics
OFF-MARKET Estimated value $645,000
Grocery and convenience stores

3720 Lincoln Way Ames, IA 50014-3401

5,006 SF 0.57 ac lot Built 2016
Entity Owned 8-yr Hold Free & Clear
Property ID
US25-2308099
Property profile
Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 2016
Total area 5,006 SF
Lot 0.57 ac (24,656 SF)
Zoning code HOC
APN 09-08-200-005
UPID US25-2308099
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 Sushi Take-out & Catering
  • Fareway Meat Market Take-out & Catering Butcher
  • Wallaby's Bar & Grill Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$765k
Comparable Approach Comparable
$617k
Blend (final) Blend
$645k
Owner & transaction history
Fareway Stores INC · 8 yrs held
Fareway Stores INC
since 2018
1 recorded transaction
2018
$1.3M
Zoning & alternative use
HOC · Ames, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

zoned Highway Oriented Commercial “HOC” between Duff Avenue and South Dakota Avenue by allowing for a mixed commercial/residential use option. This Overlay preserves the primary use of the corridor for commercial uses while allowing for another housing option for the City of Ames residents and promotes high quality architectural design and compatibility with…

Zone name Highway Oriented Commercial
General category COMMERCIAL
Zone area 1,124.27 ac
Top alternative use upside
Warehouse, storage $600,000 +60.1%
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