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    512 NE Main St Grimes, IA 50111

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    For Sale
    $5,757,815

    Office and warehouse space with high ceilings and easy highway access.

    Property size:
    71,477 SF
    Lot size:
    6.61 Acres

    Property Features for 512 NE Main St

    General Information

    Size
    71,477 SF
    Lot size
    6.61 Acres

    Source: CBRE Agent Ajdin Nadarevic

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Office and Warehouse Space Available

    This property is currently operating as an office and warehouse. It features high ceilings and wide entryways designed to facilitate loading and unloading. The location provides convenient access to HWY 141. It is situated just west of Grimes Plex, a new 50-acre turf multi-sport complex. The current tenant, Crunchyroll, LLC, a division of Sony Group, has a lease through 2030. The property size is 71477 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Similar Places Nearby

    Grimes Mini-Storage, Whipped Self Storage Units, MF Self Storage Unit

    Location Insight

    • Map
    • Local Demand
    City
    Grimes
    County
    Polk
    State
    Iowa
    Longitude
    -93.791884
    Latitude
    41.6927584

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    FAQs

    What type of property is this?
    Warehouse - Office and warehouse space with high ceilings and easy highway access.
    Where is this warehouse located?
    The property is located at 512 NE Main St Grimes, IA.
    What is the asking price?
    The asking price for this property is $5,757,815.
    What are key features of this property?
    This property features: - Tenant is Crunchyroll, LLC (a division of Sony Group) with lease through 2030.; - High ceilings and wide entryways facilitate seamless loading and unloading.; - Currently operating as office and warehouse.
    (515) 419-1882
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    512 NE Main St Grimes, IA 50111
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    Grimes, IA 50111
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    Realmo Value Estimation

    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.

    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.

    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
    512 NE Main St Grimes, IA 50111
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