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    Destination Dr Grimes, IA 50111

    For Sale
    Contact for pricing

    61 Acres Prime Commercial Land in Grimes, IA

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional commercial land offering in Grimes, Iowa, presents a unique investment opportunity encompassing a total of 61.43 acres. Strategically located north of SE 11th Street, south of E 1st Street, and east and west of SE Destination Drive in Polk County, this property is ideally situated for various commercial developments. The land is divided into several parcels, offering flexibility for different project scales and needs. Specific parcel details include: Plat 2 Lot 2 (1.51 acres) priced at $8 per square foot

    Property Features for 0 Destination Dr

    General Information

    Property type
    Land
    Lot Size
    2,675,891 SF

    HighLights

    • Plat 2, Lot 2: 1.51 acres, $8/SF.
    • Plat 5, Outlot Z: 6.24 acres, $5/SF.
    • Plat 7 (Proposed): 20.81 acres, Outlot Z: 20.26 acres, $5‑7/SF.
    • Plat 6, Outlot Z: 31.25 acres, $7‑11.50/SF.
    • Plat 6, Lot 1: 1.62 acres, $12/SF.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Grimes
    County
    Polk
    State
    Iowa
    Longitude
    -93.7805972
    Latitude
    41.6884971

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    FAQs

    What type of property is this?
    Land - 61 Acres Prime Commercial Land in Grimes, IA
    Where is this land located?
    The property is located at Destination Dr Grimes, IA.
    What are key features of this property?
    This property features: Plat 2, Lot 2: 1.51 acres, $8/SF.; Plat 5, Outlot Z: 6.24 acres, $5/SF.; Plat 7 (Proposed): 20.81 acres, Outlot Z: 20.26 acres, $5-7/SF.
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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
    Destination Dr Grimes, IA 50111
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