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    825 Gateway Dr Grimes, IA 50111

    Sponsored
    For Lease
    $27 SF/Yr

    New Retail Strip Center, 6 Suites Available

    Lot size:
    21,238 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Hope Plaza II, a brand-new 21,238 square foot retail strip center in Grimes, Iowa, presents a unique investment or leasing opportunity. Located at 825 NE Gateway Dr, 50111, this property boasts a prime location off heavily trafficked Highway 141, directly east of the GrimesPlex, a 50-acre multi-sport complex. The center features six individual suites, ranging from 1,608 to 1,612 contiguous square feet, with 9,668 square feet currently available. Built in 2022, this property sits on a 3.12-acre lot in Polk County. Hope Plaza II benefits from its proximity to the burgeoning Hope District, a 200-acre mixed-use development currently under construction, which will include retail, restaurants, and hotels, ensuring significant future growth and increased foot traffic. The property is available for both lease and sale, offering flexibility for potential buyers and tenants. This is an exceptional opportunity to establish a presence in a rapidly developing area with high visibility and strong potential for return on investment. The minimum divisible space is 1,608 square feet. This modern, well-situated retail center is ready for immediate occupancy.

    Property Features for 825 Gateway Dr

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    21,238 SF
    Total Rate
    47785.5

    Building Details

    Year Built
    2022

    Unit(s) available at that property

    Space
    Suite 108
    Size
    1,612 SF
    Rate per SF
    $27
    Space
    Suite 112
    Size
    1,612 SF
    Rate per SF
    $27
    Space
    Suite 116
    Size
    1,612 SF
    Rate per SF
    $27
    Space
    Suite 120
    Size
    1,612 SF
    Rate per SF
    $27
    Space
    Suite 128
    Size
    1,608 SF
    Rate per SF
    $27
    Space
    Suite 132
    Size
    1,612 SF
    Rate per SF
    $27

    HighLights

    • Lease Rate: $27.00/SF/NNN (South Drive‑Thru $29.00/SF/NNN)
    • Lot Size: 3.12 acres
    • Suite Sizes: ±1,600 SF
    • 2024 Estimated OPEX: $7.50/SF
    • Generous Tenant Improvement Allowance Available
    • Monument Signage Available
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Grimes
    County
    Polk
    State
    Iowa
    Longitude
    -93.7760318
    Latitude
    41.6945995

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    FAQs

    What type of property is this?
    Neighborhood center - New Retail Strip Center, 6 Suites Available
    Where is this neighborhood center located?
    The property is located at 825 Gateway Dr Grimes, IA.
    What is the lease rate?
    The lease rate is $27 SF/Yr.
    What are key features of this property?
    This property features: Lease Rate: $27.00/SF/NNN (South Drive-Thru $29.00/SF/NNN); Lot Size: 3.12 acres; Suite Sizes: ±1,600 SF
    Request Owner's contact information
    825 Gateway Dr 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
    825 Gateway Dr Grimes, IA 50111
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