Property profile

616 5th St Ames, IA 50010

OFF-MARKET
Medical Office Space
Property ID
US25-0696249
1,792 SF 0.12 ac lot Built 1955
Entity Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1955
Total area 1,792 SF
Lot 0.12 ac (5,390 SF)
Zoning code DSC
APN 09-02-353-020
UPID US25-0696249

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
  • Dental Office
  • Dental Office
  • Dental Office
  • Dental Office

Location

616 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
$200k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$180k

Owner & transaction history

since 2023
Last sale
$237,500
5 recorded transactions
2024
Price N/A
2024
Price N/A
2023
$237,500
2022
Price N/A
2021
$147,900

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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