Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1700 Beaverbrooke Blvd Grimes, IA 50111
    Back to Search
    Property profile & analytics

    1700 Beaverbrooke Blvd, Grimes, IA 50111

    View on Map
    • Land
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 1700 Beaverbrooke Blvd

    Property type
    Land

    Description

    This exceptional opportunity presents five commercial land parcels ideally situated at the east entrance of the Hope Commercial Development in Grimes, Iowa. These lots boast unparalleled visibility from Highway 141, positioned along the main thoroughfare of this expansive 211-acre development. The strategic location offers immediate proximity to a range of established businesses, including a substantial Hy-Vee grocery store (over 100,000 square feet), Menards, Walmart, a Starbucks, and a sports complex. The Hope Development, a $250 million investment, is planned to include a mix of commercial and residential properties, along with a significant 50-acre turf sports facility. This ensures a vibrant and growing community surrounding the property, providing a strong foundation for future development and significant return on investment. The individual lot addresses are 1700 NE Beaverbrooke Blvd and 1151, 1201, 1221, and 1251 NE Gateway Dr, all located in Polk County, Iowa, zip code 50111. These parcels represent a rare chance to secure a prime location within a thriving commercial hub, offering substantial potential for various commercial ventures. The high visibility and proximity to major retailers make these lots particularly attractive for businesses seeking strong foot traffic and brand recognition. Detailed site plans and development information are available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Grimes
    County
    Polk
    State
    Iowa
    Longitude
    -93.7763
    Latitude
    41.6992

    Comparable in this City

    • Value Estimation by Request
      37.52 Acres

      19Th St

      Land
      0 19Th St, Grimes, IA 50111
      View Details
    • Value Estimation by Request
      8.49 Acres

      3201 37Th St

      Land
      3201 37Th St, Grimes, IA 50111
      View Details
    • Value Estimation by Request

      1St St

      Individual retail properties
      0 1St St, Grimes, IA 50111
      View Details
    • Value Estimation by Request
      2.85 Acres

      1700 Beaverbrooke Blvd

      Land
      1700 Beaverbrooke Blvd, Grimes, IA 50111
      View Details
    • Value Estimation by Request
      3.50 Acres

      3455 Gateway Dr

      Land
      3455 Gateway Dr, Grimes, IA 50111
      View Details
    • Value Estimation by Request
      1.01 Acres

      25th St & Gtwy Dr

      Land
      25th St & Gtwy Dr, Grimes, IA 50111
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land Available in Grimes, Iowa

      Land for sale at 1201 NE Gateway Dr, Grimes, IA
      1201 NE Gateway Dr, Grimes, IA 50111
      View Details
    • $1,112,958
      3.65 Acres

      Grimes Commercial Land - $1.1M

      3.65 Acres, Highway 141 Frontage
      351 Gateway Cir, Grimes, IA 50111
      View Details
    • Contact for pricing

      Land for Sale Grimes, Iowa

      Land available for sale in Grimes, Iowa.
      2105 SE 19Th St, Grimes, IA 50111
      View Details
    • $1,675,000
      3.50 Acres

      Grimes, IA Commercial Land Investment

      3.5-acre M-1A zoned lot, Hwy 141 frontage.
      3455 Gateway Dr, Grimes, IA 50111
      View Details
    • Contact for pricing

      Land Available For Sale

      Land available for sale at Highway 141 and East 1st Street.
      East 1St St, Grimes, IA 50111
      View Details
    • Contact for pricing

      Land Available in Grimes, Iowa

      2.52 acres of land for sale in Grimes.
      1889 SE Miehe Dr, Grimes, IA 50111
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land Adjacent to Hy-Vee

      Land for rent adjacent to Hy-Vee in Grimes, Iowa.
      360 NE Gateway Dr, Grimes, IA 50111
      View Details
    • Contact for pricing

      Corner Land in Grimes, Iowa

      Corner commercial land available for rent in Grimes, Iowa.
      SW 19Th St, Grimes, IA 50111
      View Details
    • Contact for pricing

      Prime Land Near HyVee

      0.750 acres of commercial land in rapidly growing community.
      1200 E 1St St, Grimes, IA 50111
      View Details
    • Contact for pricing
      64,984 SF

      Grimes Flex Space For Lease

      Flex space available for lease with fenced outdoor storage.
      2800 SE Enterprise Dr, Grimes, IA 50111
      View Details
    • Contact for pricing

      Modern Office Space Available

      Contemporary office space in a growing Des Moines community.
      255 Southwest Brookside Dr, Grimes, IA 50111
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1700 Beaverbrooke Blvd
    Grimes, IA 50111
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1700 Beaverbrooke Blvd, Grimes, IA, 50111
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!