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Property profile & analytics
OFF-MARKET Estimated value $9,020,000
Grocery and convenience stores

620 Lincoln Way Ames, IA 50010-6994

75,302 SF 16.66 ac lot Built 1997
Entity Owned Absentee Owner Free & Clear
Property ID
US25-0639508
Property profile
Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1997
Total area 75,302 SF
Lot 16.66 ac (725,752 SF)
Zoning code HOC
APN 09-11-100-115
UPID US25-0639508
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
  • The Salvation Army Family Store & Donation Center Discount Store
  • Hobby Lobby (Bike/Boat/Book/etc) Store
  • Katie's Nails Nail Salon
  • Eyemart Optical Outlet - Ames Eye Care Center Contact Lenses Supplier
  • Pizza Hut Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$11.50M
Comparable Approach Comparable
$9.29M
Blend (final) Blend
$9.02M
Owner & transaction history
MIDWEST CENTERS
MIDWEST CENTERS
Zoning & alternative use
HOC · Ames, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

zoned Highway Oriented Commercial “HOC” between Duff Avenue and South Dakota Avenue by allowing for a mixed commercial/residential use option. This Overlay preserves the primary use of the corridor for commercial uses while allowing for another housing option for the City of Ames residents and promotes high quality architectural design and compatibility with…

Zone name Highway Oriented Commercial
General category COMMERCIAL
Zone area 1,124.27 ac
Top alternative use upside
Warehouse, storage $9.1M +60.1%
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