Technical
Financial
Distress signals
Property profile

4540 Mortensen Rd Ames, IA 50014

OFF-MARKET
Commercial land
Property ID
US25-1113603
0.96 ac lot
Entity Owned 20-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

The property is a 1.05-acre site located in a high-traffic area with established shared access and no setback requirement, providing a larger usable buildable area. It offers convenient access to Highway 30 and is located near the Iowa State Campus. The site is suitable for retail, service, or mixed-use development.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.96 ac (42,024 SF)
Zoning code CCN
APN 09-07-472-060
UPID US25-1113603

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

4540 Mortensen Rd Ames, IA 50014-5588
Ames metro Census 1303 AMES, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

since 2006
3 recorded transactions
2023
Price N/A
2021
Price N/A
2006
$2.2M

Zoning & alternative use

CCN · Ames, IA
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…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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