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Property profile & analytics
OFF-MARKET Estimated value $2,105,000
Strip malls

500 Main St Ames, IA 50010-6083

21,219 SF 3.53 ac lot Built 1994
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US25-0490886
Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1994
Total area 21,219 SF
Lot 3.53 ac (153,875 SF)
Zoning code DSC
APN 09-02-355-005
UPID US25-0490886
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
  • Lindsey J. Schwartz, PharmD Pharmacy
  • Prairie Rose Needleworks (Bike/Boat/Book/etc) Store
  • Nicolle Fischer, PA-C Physician
  • Erin Lewis Pharmacy
  • Dr. Eva Youshock Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.41M
Blend (final) Blend
$2.11M
Owner & transaction history
Merry Bee Properties LLC · 4 yrs held
Merry Bee Properties LLC
since 2022
3 recorded transactions
2022
Price N/A
2021
Price N/A
2017
Price N/A
Zoning & alternative use
DSC · Ames, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Sec. 29.808. "DSC" DOWNTOWN SERVICE CENTER. (1) Purpose. The Downtown Service Center (DSC) zone is intended to provide for high- density development within the City's Urban Core. A broad range of uses is allowed to reflect the City's role as a commercial, cultural and governmental center. Development is intended to be very dense with high building coverage,…

Zone name Downtown Service Center
General category CIVIC_INSTITUTIONAL
Zone area 42.24 ac
Top alternative use upside
Commercial (general) $3.0M +61.5%
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