You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET Estimated value $3,875,000
Strip malls

809 Wheeler St Ames, IA 50010-4486

23,954 SF 3.77 ac lot Built 1998
Entity Owned Free & Clear
Property ID
US25-0526756
Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1998
Total area 23,954 SF
Lot 3.77 ac (164,140 SF)
Zoning code CCN
APN 05-27-440-015
UPID US25-0526756
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
  • 888 Chinese Restaurant Restaurant
  • Total Massage Alternative Medicine Practice Spa & Massage Center
  • NEXT Counseling of Iowa Psychotherapist Counselor
  • Katherine Frame American Family Insurance Insurance Agency
  • Swine Health Information Center Association / Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.92M
Comparable Approach Comparable
$3.83M
Blend (final) Blend
$3.88M
Owner & transaction history
GRAND INVESTORS LLC
GRAND INVESTORS LLC
Zoning & alternative use
CCN · Ames, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Sec. 29.802. “CCN” COMMUNITY COMMERCIAL NODE. (1) Purpose. The Community Commercial Node (CCN) Zone is intended to provide a shopping and services area where there is a shared attraction involving one trip to two (2) or more destinations within a node. Each Community Commercial Node is characterized by a cluster of mixed commercial uses typically found in bu…

Zone name Community Commercial Node
General category COMMERCIAL
Zone area 70.70 ac
Top alternative use upside
Commercial (general) $3.4M +61.5%
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 809 Wheeler St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message