Property profile

515 Grand Ave Ames, IA 50010

OFF-MARKET
Medical Office Space
Property ID
US25-0561175
10,800 SF 0.54 ac lot Built 1984
Entity Owned 16-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1984
Total area 10,800 SF
Lot 0.54 ac (23,548 SF)
Zoning code NC
APN 09-03-476-065
UPID US25-0561175

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Charitable Organization Social Service Agency
  • Association / Organization
  • General Contractor Waste Management Facility
  • Medical Clinic
  • Landscaping General Contractor

Location

515 Grand Ave Ames, IA 50010-6079
Ames metro Census 900 AMES, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$350k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$335k

Owner & transaction history

since 2010
1 recorded transaction
2010
Price N/A

Zoning & alternative use

NC · Ames, IA
Zoning description

Sec. 29.801. “NC” NEIGHBORHOOD COMMERCIAL ZONING STANDARDS. (1) Purpose. The Neighborhood Commercial (NC) zone is intended for small areas in or near residential neighborhoods. The zone encourages the provision of small…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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