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Property profile & analytics
OFF-MARKET Estimated value $655,000
Grocery and convenience stores

4506 Lincoln Way Ames, IA 50014-3471

6,155 SF 1.46 ac lot Built 2017
Individually Owned 9-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US25-0606173
Property profile
Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 2017
Construction CONCRETE
Total area 6,155 SF
Lot 1.46 ac (63,490 SF)
Zoning code HOC
APN 09-07-226-030
UPID US25-0606173
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
  • Kum & Go Go Fresh Market Gas Station
  • Kum & Go Gas Station
  • Elite Lawn Care & Maintenance of Ames Landscaping
  • Amazon Hub Counter - KUM & GO #1215 Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$684k
Blend (final) Blend
$655k
Owner & transaction history
Kum & Go Lc · 9 yrs held
Kum & Go Lc
since 2016
3 recorded transactions
2017
Price N/A
2017
Price N/A
2016
$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
Office building $855,000 +23.4%
Commercial (general) $775,000 +11.5%
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