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Property profile & analytics
OFF-MARKET
Estimated value
$2,490,000
Retail space
5820 Lincoln Way Ames, IA 50014-9221
Individually Owned
12-yr Hold
~
Est. High Equity
Property ID
US25-2560589
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2006
Construction
FRAME
Total area
19,259 SF
Lot
12.38 ac (539,273 SF)
Zoning code
C
APN
09-07-100-105
UPID
US25-2560589
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
-
Penske Truck Rental Car Rental Facility
-
Signature Self Storage Storage Facility
-
The Arc of Story County Charitable Organization Social Service Agency
-
Investment Centers of America, Inc Financial Advisor
-
Precision Pipe & Grading General Contractor Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.94M
Comparable Approach
Comparable
$2.38M
Blend (final)
Blend
$2.49M
Owner & transaction history
Campus Fortress Lc · 12 yrs held
Campus Fortress Lc
since 2014
3 recorded transactions
Zoning & alternative use
C · Ames, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$2.3M
+60.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Ames submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ames submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,185,000
6.5%
$2,940,000
7%
$2,730,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,315,000
Change: +60% · Conversion: Difficult
Blend value · Realmo final
$2.49M
Range $2.24M – $2.74M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$129 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$115,434
Tax year 2023
Assessed value
$5,364,500
Assessed 2024
Previous assessed
$5,364,500
+0.0% YoY
Effective rate
2.15%
On assessed value
Assessed land
$1,293,500
Assessed improvement
$4,071,000
Land market value
$1,293,500
Improvement market value
$4,071,000
Total market value
$5,364,500
Applied tax rate
65,009.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2006
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
9
Stories
1
Total area
19,259 SF
Lot
12.38 ac (539,273 SF)
Zoning code
C
APN
09-07-100-105
UPID
US25-2560589
Jurisdiction
STORY
Zoning & alternative use
C · Ames, IA
Zoning C · permitted uses
C · Ames, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ames. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE
Est. value
$2.3M
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2006
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
9
Lot
12.38 ac
Current owner
From public records · entity-resolved
Campus Fortress Lc
Individual
Mailing address
PO BOX 27917, SCOTTSDALE, AZ 85255-0148
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 28, 2020
—
Ldr Iowa LLC
—
Deed
related
$8,775,000 · Bell Bank
Oct 4, 2019
—
Campus Fortress LLC
—
Deed
related
$5,136,000 · Iowa Trust & Savings Bank
Jan 8, 2014
$2,899,875
Campus Fortress Lc
West Ames Development Group Lc
Warranty Deed
$2,320,000 · Bankers Trust Company NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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