0 19Th St Grimes, IA 50111
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.
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.