Property profile

0 19Th St Grimes, IA 50111

OFF-MARKET
Land
37.52 ac lot
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Property summary

AI-generated overview

This exceptional 37.52-acre parcel presents a unique investment opportunity in the rapidly expanding city of Grimes, Iowa. Strategically located at the intersection of S James Street and SW 19th Street in Polk County, this property boasts a prime corner location poised for significant development. The land is zoned Planned Unit Development (PUD), offering considerable flexibility for a mixed-use project. The zoning allows for a high-density residential component, with the potential for over 403 residential units, along with medium-density residential or senior care facilities. A substantial 12.5 acres is allocated for commercial development, capitalizing on the area's burgeoning growth. This key location is situated along a major arterial intersection, ensuring high visibility and accessibility. Infrastructure is already in place, with sewer access established in the summer of 2022. This expansive tract offers developers a rare chance to create a vibrant and diverse community within a thriving Iowa market. The combination of residential and commercial zoning, coupled with its strategic location and ample acreage, makes this property an exceptional investment opportunity with significant long-term potential. Detailed zoning information and development plans are available upon request. The property's size and zoning provide a unique opportunity to shape the future of this rapidly growing area.

Property profile

Verified
Property type Land
Lot 37.52 ac (1,634,371 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

19Th St Grimes, IA 50111
Grimes metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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