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Property profile & analytics
OFF-MARKET
Estimated value
$1,175,000
Office buildings
600 5th St Ames, IA 50010-6085
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0699886
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1993
Construction
CONCRETE
Total area
14,223 SF
Lot
0.37 ac (16,177 SF)
Zoning code
DSC
APN
09-02-353-045
UPID
US25-0699886
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
-
Linda Feldman Foster Care Service Social Service Agency
-
Stubbs Jr Ron C Marriage Or Relationship Counselor
-
MWI Health - Ames Crisis Center Medical Clinic
-
USPS Mail Drop Box Courier Service Postal Service
-
Nick Stull Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.18M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$798k
Blend (final)
Blend
$1.18M
Owner & transaction history
Lcg2hc 5th St Ames LLC · 3 yrs held
Lcg2hc 5th St Ames LLC
since 2022
Last sale
$1.3M
1 recorded transaction
Zoning & alternative use
DSC · Ames, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,025,000
ML approach
$1,175,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.18M
Range $1.06M – $1.29M · ±10% · vs last sale $1.25M (Aug 1 2022)
Last sale anchor
$1.25M
Aug 1 2022
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
$83 / 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
$31,866
Tax year 2023
Assessed value
$1,228,100
Assessed 2024
Previous assessed
$1,228,100
+0.0% YoY
Effective rate
2.59%
On assessed value
Assessed land
$211,600
Assessed improvement
$1,016,500
Land market value
$211,600
Improvement market value
$1,016,500
Total market value
$1,228,100
Applied tax rate
1,001.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1993
Construction
CONCRETE
Heating
NONE
Stories
3
Total area
14,223 SF
Lot
0.37 ac (16,177 SF)
Zoning code
DSC
APN
09-02-353-045
UPID
US25-0699886
Jurisdiction
STORY
Zoning & alternative use
DSC · Ames, IA
Zoning DSC · permitted uses
DSC · 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.
Building & site characteristics
From public records
Year built
1993
Construction
CONCRETE
Heating
NONE
Stories
3
Lot
0.37 ac
Current owner
From public records · entity-resolved
Lcg2hc 5th St Ames LLC
Entity
Mailing address
3500 MAPLE AVE STE #1600, DALLAS, TX 75219-3936
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 1, 2022
$1,250,000
Lcg2hc 5th St Ames LLC
Fifth Street Ibvestors LLC
Warranty Deed
$937,500 · Texas Bank & Trust Co
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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