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    Property profile & analytics

    2400 Enterprise Dr Grimes, IA 50111

    • Warehouses
    • 80,780 SF
    • 6.31 lot acres
    For Lease
    View listing
    $8 SF/Yr
    Value Estimation
    $9,760,000
    Last Sale
    Jan 02, 2024
    $9,708,000
    Location Intelligence
    Property ID
    US25-2272112
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Warehouses

    Property Details for 2400 Enterprise Dr

    Year built
    2021
    Construction
    STEEL FRAME
    Lot size
    6.31 lot acres
    Property size
    80,780 SF
    Property type
    Warehouses
    APN
    311/00306-900-102
    APU
    31100306900102

    Description

    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 Polk County, Iowa, with a 50111 zip code. While the property currently has only one parking space listed, further parking options may be available and should be discussed. The building is served by reliable 3-phase power, essential for many industrial applications. The property is classified as multi-tenant, offering potential for collaboration or expansion within the building. This warehouse is ideal for a variety of industrial uses, providing a strategic location and functional layout for businesses seeking to establish or expand their operations in the Grimes area. Interested parties should inquire about lease terms and conditions. The property is ready for immediate occupancy.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $9,710,000

    • CAP approach

      CAP return
      Estimation
      6%
      $9,850,000
      6.5%
      $9,430,000
      7%
      $10,325,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $8,435,000
      Geo Method
      $9,995,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $9,030,000
      Retail
      $9,805,000
      Mixed-Use
      $11,700,000
      Hospitality
      $11,790,000
      Educational
      $11,050,000
      Residential Income
      $9,910,000
      Energy
      $10,925,000
      Income-Based Land
      $10,570,000
      Food Service
      $11,685,000

    Location Insight

    • Map
    • Local Demand
    City
    Grimes
    County
    Polk
    State
    Iowa
    Longitude
    -93.7837
    Latitude
    41.6687
    CBSA code
    19780
    CBSA name
    DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $165,800
    $710,000
    $6,790,000
    $7,500,000
    -
    $710,000
    $6,790,000
    $7,500,000

    Comparable in this City

    • Value Estimation by Request
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      3450 Gtwy Dr

      WAREHOUSE, STORAGE • 40,168 SF
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      904 Main St

      WAREHOUSE, STORAGE • 22,500 SF
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      8,160 SF

      3555 Xrds Dr

      WAREHOUSE, STORAGE • 8,160 SF
      3555 Xrds Dr, Grimes, IA 50111-5049
      View Details
    • Value Estimation
      $1,200,000
      9,840 SF

      Grimes, IA 50111

      WAREHOUSE, STORAGE • 9,840 SF
      Grimes, IA 50111
      View Details

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    2400 Enterprise Dr
    Grimes, IA 50111
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    Realmo Value Estimation

    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.

    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.

    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
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