Financial
Distress signals
Property profile

501 SW 37Th St Grimes, IA 50111

FOR LEASE
Other commercial real estate
Property ID
US25-0080734
14.57 ac lot
Last sale Dec 2022 · $3,413,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

Industrial warehouse space constructed in 2023 with a clear height of 30 feet.

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

What does the county charge?
Assessed value · 2023$1.95M
Assessed land$1.25M
Assessed improvement$700k

Value estimate

· Sep 2026
$2.57M
$2.31M – $2.83M
AI approach$2.81M
NOI build-up
Gross scheduled income$7.20M
Vacancy & credit loss−$569k
Operating expenses−$995k
NOI · 102,482,181.82% cap applied$5.64M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$136/SF
ZIP average, outlier-cleaned · 22 recorded sales of this use type
Observed band · Q1–Q3$71 – $172

Cap rate analysis

How does the asset earn?
102,482,181.82%
$5.64M 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: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store8.5
Realty agency7.8
Auto Repair Shop7.8

Location

501 SW 37Th St Grimes, IA 50111
County assessor Recorded deeds · 2 transfers 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

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3421 Miehe, Grimes, IA 50111 $145,000 May 2024 1,080 SF
100 2nd, Grimes, IA 50111-2166 $60,000 Apr 2024 1,125 SF
3355 Miehe, Grimes, IA 50111 $113,000 Dec 2023 1,080 SF
4300 Beisser, Grimes, IA 50111-4972 $675,000 Aug 2023 2,125 SF
1200 Brookside Cir, Grimes, IA 50111-5141 $320,000 Feb 2022 1,800 SF
2080 1st, Grimes, IA 50111-7616 $775,000 Jan 2022 No data
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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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