4530 Mortensen Rd Ames, IA 50014
Property profile & analytics
4530 Mortensen Rd Ames, IA 50014
- Commercial land
- 1.05 lot acres
Property ID
US25-1402044
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Commercial land
Property Details for 4530 Mortensen Rd
- Lot size
- 1.05 lot acres
- Zone code
- CCN
- Property type
- Commercial land
- APN
- 09-07-473-010
- APU
- 907473010
Description
This exceptional 1.05-acre commercial lot in Ames, Iowa (APN: 09-07-473-010), is priced at $2,800,000 and presents a unique development opportunity. Situated at 4530 Mortensen Rd, Ames, IA 50014, this property boasts unparalleled visibility with over 12,000 vehicles passing daily at the nearby intersection of Dakota Avenue and Mortensen Road. Zoned CCN, the lot offers significant advantages, including the absence of setbacks, maximizing building footprint, and eliminating the need for a separate access road due to existing infrastructure. Utilities (electric, water, sewer, and gas) are readily available at the lot lines. A proposed building design features four bays, each approximately 2,400 square feet (totaling 9,600 square feet), though this can be modified to approximately 7,200 square feet to accommodate a drive-through configuration with four 1,800 square foot bays. The surrounding area is thriving, with numerous hotels, restaurants, coffee shops, gyms, grocery and convenience stores, and rapidly expanding residential developments, including proximity to Iowa State University. The asking price reflects a rough-in construction stage, including shell and rough-ins for plumbing, electrical, and HVAC. Final building plans, landscaping, parking, and exterior finishes require city approval. A tenant improvement (TI) allowance will be determined based on the specific use. This is an exceptional investment opportunity in a high-growth area.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Ames
- County
- Story
- State
- Iowa
- Longitude
- -93.6805
- Latitude
- 42.0115
- CBSA code
- 11180
- CBSA name
- AMES, IA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$7,090
$290,400
$0.00
$290,400
-
$290,400
$0.00
$290,400
