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Property profile & analytics
OFF-MARKET Estimated value $1,250,000
Strip malls

4611 Mortensen Rd Ames, IA 50014-6227

8,030 SF 0.37 ac lot Built 2004
Entity Owned Free & Clear
Property ID
US25-0464003
Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2004
Total area 8,030 SF
Lot 0.37 ac (15,953 SF)
Zoning code CCR
APN 09-07-438-505
UPID US25-0464003
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
  • Westview Heights Construction Company
  • Dr. Julie D. Cassaidy, DDS Dental Office
  • Blue Sky Orthodontics Dental Office
  • Jensen Design Build Inc Construction Company General Contractor
  • Northview Heights Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.32M
Comparable Approach Comparable
$1.19M
Blend (final) Blend
$1.25M
Owner & transaction history
JENSEN DEVELOPMENT CORPORATION
JENSEN DEVELOPMENT CORPORATION
Zoning & alternative use
CCR · Ames, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Sec. 29.806. “CCR” COMMUNITY COMMERCIAL/RESIDENTIAL NODE. (1) Purpose. The Community Commercial/Residential Node (CCR) 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, as well as residential uses. Each Community Commercial Residential Node is characte…

Zone name Community Commercial And Residential Node
General category COMMERCIAL
Zone area 31.97 ac
Top alternative use upside
Office building $1.1M +23.4%
Commercial (general) $1.0M +11.5%
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