Property profile

612 5th St Ames, IA 50010

OFF-MARKET
Office buildings
Property ID
US25-0691169
2,000 SF 0.12 ac lot Built 1971
Entity Owned 2-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

Commercial property located on 6th Street near downtown Ames, providing approximately 2,000 square feet of finished professional workspace. The main level includes three private office and/or conference rooms and a large light-filled gathering space suitable for meetings, presentations, or receptions. Additional interior features include a modern kitchenette and a raised seating area that can function as a reception or informal meeting space. The lower level is fully finished with approximately 1,600 square feet of additional usable space, including extra offices and work areas. The property provides 5+ parking spaces.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1971
Total area 2,000 SF
Lot 0.12 ac (5,390 SF)
Zoning code DSC
APN 09-02-353-030
UPID US25-0691169

Cap rate & NOI

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

Location

612 5th St Ames, IA 50010-6005
Ames metro Census 900 AMES, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

since 2024
3 recorded transactions
2024
Price N/A
2024
$400,000
2014
$300,000

Zoning & alternative use

DSC · Ames, IA
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 refle…

General category CIVIC_INSTITUTIONAL

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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