Financial
Distress signals
Property profile

1101 E 1St St Grimes, IA 50111

FOR LEASE
Strip malls
Property ID
US25-2552482
20,250 SF 2.59 ac lot Built 2021
Last sale Mar 2023 · $5,250,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a retail building totaling approximately 20,054 square feet and situated at the entrance to the Hope District. It is located in a commercial retail area with nearby businesses including Grimes-Plex, Hy-Vee, Culvers, Arby's, Jiffy Lube, and DUPACO Credit Union.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2020

What does the county charge?
$88
Tax billed · 2020
Assessed value · 2023$4.32M
Assessed land$1.69M
Assessed improvement$2.63M
Effective rate0.00%

Value estimate

· Sep 2026
$4.91M
$4.42M – $5.40M
AI approach$4.96M
CAP approach$3.98M
NOI build-up
Gross scheduled income$65k
Vacancy & credit loss−$5k
Operating expenses−$18k
NOI · 147,835.71% cap applied$41k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$99/SF
County average, outlier-cleaned · 59 recorded sales of this use type
Observed band · Q1–Q3$47 – $152

Cap rate analysis

How does the asset earn?
147,835.71%
$41k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionPOLK

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency21.8
Law Firm17.3
Hair Salon15.3

Location

1101 E 1St St Grimes, IA 50111
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

5 recorded sales · 10 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
12671 Meredith, Grimes, IA 50111 $1,998,000 Dec 2021 11,700 SF
1220 Sta, Grimes, IA 50111-8013 $1,589,840 Dec 2020 52,959 SF
200 Gtwy, Grimes, IA 50111-2182 $1,800,000 Dec 2019 16,920 SF
3600 Xrds, Grimes, IA 50111-5048 $40,000 May 2019 9,800 SF
255 Brookside, Grimes, IA 50111-5231 $473,000 Oct 2018 9,876 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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