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Property profile & analytics
OFF-MARKET
Land

0 Sec Of Hwy 141 & Beaverbrook Blvd Grimes, IA 50111

1.3 ac lot
Property ID
Property summary
AI-generated overview

This exceptional commercial land offering presents a unique investment opportunity in Grimes, Iowa. Located at the southeast corner of Highway 141 and Beaverbrook Boulevard, this property boasts convenient access to major transportation routes, including Interstate 80/35. The site encompasses several parcels ranging from 1.3 to 10.39 acres, with land prices per square foot varying from $10 to $17, depending on the specific parcel size. Several parcels are available individually, offering flexibility for various development needs. The property benefits from a controlled intersection and is situated near a variety of existing amenities, including residential developments (both single-family and multi-family), retail establishments, office spaces, other commercial properties, and hospitality businesses. A significant advantage is the proximity to the Grimesplex, a 50-acre sports complex scheduled to open in Fall 2023, which is expected to generate substantial foot traffic and economic activity in the area. Specific parcel sizes and pricing are as follows: one 2.13-acre parcel at $17.00/SF

Property profile
Verified
Property type Land
Lot 1.3 ac (56,628 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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