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Property profile & analytics
OFF-MARKET Estimated value $775,000
Grocery and convenience stores

4510 Mortensen Rd Ames, IA 50014-5539

7,938 SF 3.86 ac lot Built 2005
Individually Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US25-1268490
Property profile
Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 2005
Total area 7,938 SF
Lot 3.86 ac (167,941 SF)
Zoning code CCN
APN 09-07-473-020
UPID US25-1268490
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 Gas Station
  • VisionBank Bank Loan Service
  • Shazam Atm Atm
  • Amazon Hub Counter - KUM & GO #0200 Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$882k
Blend (final) Blend
$775k
Owner & transaction history
Charles I Colby & Ruth Colby Invest · 1 yrs held
Charles I Colby & Ruth Colby Invest
since 2025
1 recorded transaction
2025
Price N/A
Zoning & alternative use
CCN · Ames, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Sec. 29.802. “CCN” COMMUNITY COMMERCIAL NODE. (1) Purpose. The Community Commercial Node (CCN) Zone is intended to provide a shopping and services area where there is a shared attraction involving one trip to two (2) or more destinations within a node. Each Community Commercial Node is characterized by a cluster of mixed commercial uses typically found in bu…

Zone name Community Commercial Node
General category COMMERCIAL
Zone area 70.70 ac
Top alternative use upside
Office building $1.1M +23.4%
Commercial (general) $1.0M +11.5%
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