Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    37Th St Grimes, IA 50111

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    37Th St Grimes, IA 50111

    View on Map
    • Land
    • 60.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 37Th St

    Lot size
    60.00 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 60-acre industrial land parcel presents a unique opportunity in the thriving Grimes, Iowa market. Located in Polk County, with convenient access to major transportation arteries, this property boasts an M-1 zoning designation, allowing for a wide range of industrial uses. The site's strategic location offers immediate access to Highway 141 and is situated just 1.2 miles northwest of the intersection of Interstates 80 and 35, ensuring seamless connectivity for logistics and distribution. The expansive acreage provides ample space for build-to-suit projects, catering to businesses of all sizes. Its flexible site plan allows for customization to meet specific operational needs. Beyond traditional industrial uses, the property is also well-suited for outdoor storage, making it an attractive option for companies requiring substantial storage capacity. The property's location within a rapidly growing industrial submarket further enhances its investment potential, offering significant long-term growth prospects. This is an exceptional opportunity to establish a strong presence in a dynamic and strategically important location. The address is SE 37th St, Grimes, IA 50111.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Grimes
    County
    Polk
    State
    Iowa
    Longitude
    -93.7752
    Latitude
    41.6585

    Comparable in this City

    • Value Estimation by Request
      3.50 Acres

      3455 Gateway Dr

      Land • 3.50 Acres
      3455 Gateway Dr, Grimes, IA 50111
      View Details
    • Value Estimation by Request
      22,800 SF

      2955 Miehe Dr

      INDUSTRIAL (GENERAL) • 22,800 SF
      2955 Miehe Dr, Grimes, IA 50111-6609
      View Details
    • Value Estimation
      $1,885,000
      22,361 SF

      1255 Brookside Cir

      INDUSTRIAL (GENERAL) • 22,361 SF
      1255 Brookside Cir, Grimes, IA 50111-4979
      View Details
    • Value Estimation by Request
      37.52 Acres

      19Th St

      Land • 37.52 Acres
      0 19Th St, Grimes, IA 50111
      View Details
    • Value Estimation by Request
      8.49 Acres

      3201 37Th St

      Land • 8.49 Acres
      3201 37Th St, Grimes, IA 50111
      View Details
    • Value Estimation by Request

      1St St

      Individual retail properties
      0 1St St, Grimes, IA 50111
      View Details

    Similar Nearby for Sale

    • $1,675,000
      3.50 Acres

      Grimes, IA Commercial Land Investment

      3.5-acre M-1A zoned lot, Hwy 141 frontage.
      3455 Gateway Dr, Grimes, IA 50111
      View Details
    • Contact for pricing

      Land Available in Grimes, Iowa

      Land for sale at 1201 NE Gateway Dr, Grimes, IA
      1201 NE Gateway Dr, Grimes, IA 50111
      View Details
    • $1,112,958
      3.65 Acres

      Grimes Commercial Land - $1.1M

      3.65 Acres, Highway 141 Frontage
      351 Gateway Cir, Grimes, IA 50111
      View Details
    • Contact for pricing

      Land for Sale Grimes, Iowa

      Land available for sale in Grimes, Iowa.
      2105 SE 19Th St, Grimes, IA 50111
      View Details
    • Contact for pricing

      Land Available For Sale

      Land available for sale at Highway 141 and East 1st Street.
      East 1St St, Grimes, IA 50111
      View Details
    • $2,482,920
      2.85 Acres

      Grimes Commercial Land - $2.4M

      Prime Iowa commercial lot, C-2 zoning.
      1700 Beaverbrooke Blvd, Grimes, IA 50111
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Warehouse with High Ceiling

      Warehouse with 32-foot ceilings and excellent transportation access.
      4201 S James St, Grimes, IA 50111
      View Details
    • Contact for pricing

      Grimes Flex Space Sublease

      Flex space available for sublease in Grimes, Iowa.
      200 SE 37Th St, Grimes, IA 50111
      View Details
    • Contact for pricing
      64,984 SF

      Grimes Flex Space For Lease

      Flex space available for lease with fenced outdoor storage.
      2800 SE Enterprise Dr, Grimes, IA 50111
      View Details
    • Contact for pricing

      Flex Building in Grimes, Iowa

      Flex building with suites available for rent in Grimes, Iowa.
      3800 SE Beisser Dr, Grimes, IA 50111
      View Details
    • Contact for pricing
      5,550 SF

      Grimes Warehouse with Outdoor Storage

      7,550 SF warehouse with fenced outdoor storage available for lease.
      3000 SE Enterprise Dr, Grimes, IA 50111
      View Details
    • Contact for pricing
      7,500 SF

      Grimes Industrial Space for Lease

      Industrial and warehouse spaces available in Grimes, Iowa.
      1400 SE 19Th St, Grimes, IA 50111
      View Details
    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.
    37Th St
    Grimes, IA 50111
    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!