0 Brookside Dr Grimes, IA 50111
This exceptional 1.74-acre commercial land parcel in Grimes, Iowa, presents a remarkable investment opportunity. Priced at $948,250, this property boasts a prime location on NW Brookside Dr, offering unparalleled visibility and accessibility. Situated on a corner lot, it benefits from a future lighted intersection on Highway 44, ensuring high traffic exposure. The land is zoned for commercial development and offers build-to-suit options or the potential for a strip mall. This area is experiencing robust residential growth, fueled by the proximity to the new Dallas Center Grimes High School and Middle School, whose traffic flows directly past the site. The location on West 1st Street, the main access to Highway 141 (with 37,000 vehicles per day in 2016), further enhances its strategic value. A stoplight at the intersection of W 1st Street and SW Brookside Drive provides convenient access. The property's strong neighboring businesses include Mercy Clinic, Anytime Fitness, and Kennybrook Village Senior Living, creating a vibrant and established commercial environment. Furthermore, its adjacency to the West 44 Townhome Project positions it within a rapidly developing community. The land value is $12.50 per square foot. This property is ideal for developers seeking a high-impact location with significant growth potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.