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Property profile & analytics
OFF-MARKET Estimated value $270,000
Strip malls

4720 Mortensen Rd Ste 102 Ames, IA 50014-5534

1,603 SF 0.08 ac lot Built 2004
Entity Owned Absentee Owner Free & Clear
Property ID
US25-0741213
Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2004
Total area 1,603 SF
Lot 0.08 ac (3,312 SF)
Zoning code CCR
APN 09-07-468-105
UPID US25-0741213
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
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
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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