3901 Park St Grimes, IA 50111
This exceptional Class A industrial property, the Rider Logistics Center, offers 179,732 square feet of immediately available flex and warehouse space in the thriving Grimes, Iowa market. Built in 2023, this 270,192-square-foot facility boasts a 32-foot ceiling height, providing ample vertical storage capacity. The property features 26 dock-high doors and 2 drive-in doors for efficient loading and unloading, complemented by 176 total parking spaces. Situated on a generous 78.137-acre lot, the building is zoned M1-A, allowing for a variety of industrial uses. Its strategic location north of Interstates 80 and 35 offers unparalleled access to major transportation arteries, connecting businesses to the entire Midwest. The surrounding area is experiencing significant growth, with numerous national and regional companies establishing a presence, making this a prime location for businesses seeking expansion or relocation. This multi-tenant building presents a unique opportunity to establish operations in one of Iowa's fastest-growing cities, benefiting from a robust and expanding industrial submarket. The property's modern design and ample space make it ideal for a variety of industrial and logistics operations.
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
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.