Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1420 NE Poplar Court Grimes, IA 50111

    View on Map
    Loading data...
    Loading data...
    Loading data...
    Pending
    $77,000

    LAND - Grimes, IA

    Added:
    Nov 9, 2020
    Days on Market:
    1970
    Last Refresh:
    Apr 2 at 2:06 am

    Property Features for 1420 NE Poplar Court

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R
    Standard status
    Pending
    APN
    31100305720447

    Taxes and HOA fees

    TaxYear
    2016
    TaxDescription
    Lot 47 Heritage at Grimes Plat 4
    TaxAnnualAmount
    1

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Jack Inman

    Listing agent Jack Inman

    Listing office RE/MAX Concepts 661 NE Venture Dr, IA

    Listing date Nov 9, 2020

    MLS# 617757 Listing URL

    Copyright © 2025 Des Moines Area Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Residential Land in Grimes, Iowa

    This is a residential land and home lot located in Grimes, Iowa. The property is zoned R and is intended for new construction in Heritage at Grimes, Iowa, Polk County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Grimes
    County
    Polk
    State
    Iowa
    Longitude
    -93.7869
    Latitude
    41.6833

    Nearby Similar for Sale

    • $5,757,815
      77,477 SF

      Distribution Facility with Credit Tenant

      71,447 SF distribution facility with excellent credit tenant.
      512 Northeast Main Street, Grimes, IA, 50111
      View Details
    • Contact for pricing
      1,600 SF

      New Retail Center in Grimes

      New retail strip center near high-traffic highway and entertainment district.
      825 NE Gateway Dr., Grimes, IA 50111
      View Details
    • $119,000

      Residential Land in Grimes, Iowa

      Residential land available in Grimes, Iowa, with pond views.
      935 SW Cattail Road, Grimes, IA 50111
      View Details
    • $750,946
      2 SF

      Grimes Commercial Land For Sale

      2.4 acre commercial land in established Grimes location.
      265 SW Brookside Drive, Grimes, IA 50111
      View Details
    • $99,900

      Residential Land in Grimes, Iowa

      Residential land in Waukee School District, close to amenities.
      17911 Goodman Drive, Grimes, IA 50111
      View Details
    • $1,450,548

      Development Land in Grimes, Iowa

      Land available in Grimes, Iowa, with frontage to Highway 141.
      1651 SE 3rd St, Grimes, IA
      View Details
    • $293,833

      Development Land in Grimes, Iowa

      Land available for sale in Grimes, Iowa.
      550 SE Gateway Dr, Grimes, IA
      View Details
    • $1.00
      11,000 SF

      Retail Space For Sale

      Retail spaces available from 1,500 to 11,000 square feet.
      1881 SE Princeton Drive, Grimes, IA 50111
      View Details
    • Contact for pricing
      6 SF

      Prime Commercial Land Available

      Commercial land with highway frontage and high traffic volume.
      351 Southeast Gateway Circle, Grimes, IA, 50111
      View Details
    • $879,408

      Commercial Lots in Hope Development

      Commercial lots with high visibility in a growing development.
      1151 NE Gateway Drive, Grimes, IA 50111
      View Details
    • $28
      20,054 SF

      Retail Building in Hope District

      20,054 sqft retail building at the entrance of Hope District.
      1101 E 1st Street, Grimes, IA 50111
      View Details
    • $1,672,710
      2 SF

      Grimes Industrial Land For Sale

      2.56 AC lot near Highway 141 corridor in Grimes.
      3605 Southeast Gateway Drive, Grimes, IA, 50111
      View Details

    FAQs

    What type of property is this?
    Land - Land for new construction in Heritage at Grimes.
    Where is this land located?
    The property is located at 1420 NE Poplar Court Grimes, IA.
    What is the asking price?
    The asking price for this property is $77,000.
    What are key features of this property?
    This property features: New construction lot ready for your vision.; Located in Heritage at Grimes, a desirable community.; Public water source available.
    (515) 238-0447
    We can help!
    Listing Contact
    Jack Inman
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!