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Property profile & analytics
OFF-MARKET Estimated value $485,000
Strip malls

4700 Mortensen Rd 100 Ames, IA 50014-5536

13,231 SF 0.63 ac lot Built 2004
Entity Owned Absentee Owner Free & Clear
Property ID
US25-0510314
Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2004
Total area 13,231 SF
Lot 0.63 ac (27,315 SF)
Zoning code CCR
APN 09-07-468-400
UPID US25-0510314
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
  • Kinetic Edge Physical Therapy Medical Clinic
  • Casey Negrete Physician
  • Timothy Vander Wilt Physician
  • Ames Racquet And Fitness Center Gym & Fitness Center
  • Ames Fitness Center- West Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$485k
CAP Approach CAP
by Request
Comparable Approach Comparable
$898k
Blend (final) Blend
$485k
Owner & transaction history
WEST TOWNE APARTMENTS
WEST TOWNE APARTMENTS
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
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