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Property profile & analytics
OFF-MARKET
Estimated value
$875,000
Medical Office Space
3815 Stange Rd Ames, IA 50010-3914
Entity Owned
Absentee Owner
Free & Clear
Property ID
US25-0610486
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2010
Total area
7,787 SF
Lot
2.27 ac (98,901 SF)
Zoning code
CGS
APN
05-28-273-005
UPID
US25-0610486
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
-
Celeste Small, DPT Physician
-
Kristyne Letze, PTA, ATC Physician
-
Amy Wibholm, PT, DPT, ATC Physician
-
Bruce Behrens, DPT Physician
-
Barbara Palas, MPT, SCS, ATC Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.02M
Comparable Approach
Comparable
$730k
Blend (final)
Blend
$875k
Owner & transaction history
CLINIC BUILDING COMPANY INC
CLINIC BUILDING COMPANY INC
Zoning & alternative use
CGS · Ames, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+152.6%
Neighborhood: shopping center
$675,000
+56.4%
Restaurant
$645,000
+49.3%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,105,000
6.5%
$1,020,000
7%
$945,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,095,000
Change: +153% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$675,000
Change: +56% · Conversion: Difficult
RESTAURANT
$645,000
Change: +49% · Conversion: Difficult
OFFICE BUILDING
$615,000
Change: +42% · Conversion: Easy
AUTO REPAIR, GARAGE
$605,000
Change: +40% · Conversion: Difficult
Blend value · Realmo final
$875k
Range $788k – $963k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$112 / SF
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
$115,852
Tax year 2023
Assessed value
$3,898,800
Assessed 2024
Previous assessed
$3,898,800
+0.0% YoY
Effective rate
2.97%
On assessed value
Assessed land
$880,100
Assessed improvement
$3,018,700
Land market value
$880,100
Improvement market value
$3,018,700
Total market value
$3,898,800
Applied tax rate
1,045.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2010
Heating
NONE
Stories
1
Total area
7,787 SF
Lot
2.27 ac (98,901 SF)
Zoning code
CGS
APN
05-28-273-005
UPID
US25-0610486
Jurisdiction
STORY
Zoning & alternative use
CGS · Ames, IA
Zoning CGS · permitted uses
CGS · Ames, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ames. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$675,000
RESTAURANT
Est. value
$645,000
OFFICE BUILDING
Est. value
$615,000
AUTO REPAIR, GARAGE
Est. value
$605,000
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2010
Heating
NONE
Stories
1
Lot
2.27 ac
Current owner
From public records · entity-resolved
CLINIC BUILDING COMPANY INC
Entity
Free & Clear · 0 yrs held
Mailing address
1215 DUFF AVE, AMES, IA 50010-5400
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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