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Individually Owned Property summary
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.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with a plan.
Debts
Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.
Property tax · 2023
Value estimate
· Oct 2026Realmo valuation models over county records.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
5 recorded sales · 14 properties nearbyComparable nearby
Similar in This City for Sale
Similar in This City for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- Lot area
- 1.05 ac
- APN
- 09-07-473-010
- Zoning
- CCN
- Assessed value · 2024
- $290,400
- Annual tax · 2023
- $7,090
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Official district profile
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…
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with a plan - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
The mortgage data comes with a plan: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- 10 Targeted Leads
- 1 Full Property Report
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
-
Zoning Insight— not in this plan -
Location Analytics— not in this plan
- 300 Targeted Leads a month
- 30 Full Property Reports
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
- Zoning Insight
-
Location Analytics— not in this plan
- 1,500 Targeted Leads a month
- 150 Full Property Reports
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
- Zoning Insight
- Location Analytics
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Loan from 20067.7% rateColumbia State Bank
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Loan from 2009Columbia State Bank
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Off Market
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Loan from 2008Bmo Capital Markets Corp
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Still being built. It lands here next, beside the two above.
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