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Property profile & analytics
FOR SALE
Grocery and convenience stores

3800 Lincoln Way Ames, IA 50014

100,588 SF 7.65 ac lot Built 1977
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US25-2378368
Property profile
Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1977
Total area 100,588 SF
Lot 7.65 ac (333,083 SF)
Zoning code HOC
APN 09-08-126-040
UPID US25-2378368
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
  • Hy-Vee Wine & Spirits (Bike/Boat/Book/etc) Store Wine and Liquor Store
  • Hy-Vee Chinese Restaurant
  • Starbucks Cafe & Coffee Shop
  • Hy-Vee Pharmacy Pharmacy
  • Rhonda Rotert, MPAS, PA-C Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.08M
Blend (final) Blend
$3.71M
Owner & transaction history
Hurd Lincoln Way LLC · 2 yrs held
Hurd Lincoln Way LLC
since 2024
1 recorded transaction
2024
Price N/A
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
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More about this property
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