Financial
Distress signals
Property profile

2400 Enterprise Dr Grimes, IA 50111

OFF-MARKET
Warehouses
Property ID
US25-2272112
80,780 SF 6.31 ac lot Built 2021
Last sale Jan 2024 · $9,708,000
Individually Owned Owner of record is an individual. 2-yr Hold Held for 2 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional industrial warehouse property, located at 2400 SE Enterprise Dr in Grimes, Iowa, offers a significant opportunity for businesses seeking flexible space. The building boasts a total of 80,800 square feet, with 17,500 square feet currently available for lease. The warehouse features a substantial 30-foot ceiling height, providing ample vertical storage capacity. Three dock-high doors ensure efficient loading and unloading operations. The property is conveniently situated in

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 · 2023

What does the county charge?
$166k
Tax billed · 2023
Assessed value · 2024$7.50M
Assessed land$710k
Assessed improvement$6.79M
Effective rate2.21%

Value estimate

· Sep 2026
$9.71M
$8.74M – $10.68M
AI approach$9.71M
Submarket $/SF estimate$5.97M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$85/SF
County average, outlier-cleaned · 215 recorded sales of this use type
Observed band · Q1–Q3$51 – $125

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

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 agency15.6
Law Firm11.4
Pharmacy9.9

Location

2400 Enterprise Dr Grimes, IA 50111-1303
County assessor Recorded deeds · 3 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 · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1152 Gtwy, Grimes, IA 50111-4810 $3,895,000 Oct 2024 36,380 SF
Grimes, IA 50111 $2,810,000 May 2022 269,700 SF
1500 37th, Grimes, IA 50111-5297 $13,320,000 Feb 2022 115,341 SF
1850 Destination, Grimes, IA 50111-6626 $1,600,000 Aug 2020 26,100 SF
1350 Gtwy, Grimes, IA 50111-4816 $12,985,500 Apr 2020 110,000 SF
1851 Destination, Grimes, IA 50111-6623 $2,100,000 Mar 2020 25,600 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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