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    Property profile & analytics
    OFF-MARKET Estimated value $1,220,000
    Strip malls

    4611 Mortensen Rd, Ames, IA 50014-6227

    7,773 SF 0.45 ac lot Built 2004
    Entity Owned Free & Clear
    Property ID
    US25-0516315
    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 2004
    Total area 7,773 SF
    Lot 0.45 ac (19,455 SF)
    Zoning code CCR
    APN 09-07-438-500
    UPID US25-0516315
    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
    $1.27M
    Comparable Approach Comparable
    $1.17M
    Blend (final) Blend
    $1.22M
    Owner & transaction history
    JENSEN DEVELOPMENT CORPORATION
    JENSEN DEVELOPMENT CORPORATION
    Zoning & alternative use
    CCR · Ames, IA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Office building $1.1M +23.4%
    Commercial (general) $980,000 +11.5%
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