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    100 NW Brookside Dr Grimes, IA 50111

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    100 NW Brookside Dr Grimes, IA 50111

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    • Medical Office Space
    • 2,998 SF
    • 1.00 lot acres
    For Sale
    $758,600
    View Listing →
    Prime Development Land For Sale For Sale
    $758,600
    1.74 Acres

    Prime Development Land For Sale

    1.742 acre commercial land parcel with excellent highway visibility.

    100 NW Brookside Drive, Grimes, IA 50111
    View Listing
    Property ID
    US25-0324385
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Medical Office Space

    Property Details for 100 NW Brookside Dr

    Year built
    2012
    Construction
    FRAME
    Lot size
    1.00 lot acres
    Property size
    2,998 SF
    Zone code
    C-2
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    311/00305-970-002
    APU
    31100305970002

    Description

    This exceptional 1.74-acre commercial parcel presents a remarkable opportunity for developers seeking high-visibility land in Grimes, Iowa. Strategically located on a hard corner at 100 NW Brookside Drive, this property boasts unparalleled visibility from Highway 44, ensuring significant exposure for any commercial venture. The expansive lot offers ample space for a variety of development projects, making it ideal for businesses seeking a prominent location with high traffic counts. The property is zoned C-2, allowing for a wide range of commercial uses, providing flexibility for potential buyers. This prime location in the thriving Grimes community offers easy access to major transportation routes and a growing customer base. The substantial size of the lot allows for significant building potential, accommodating large-scale projects or multiple smaller businesses. Given its ideal location, zoning, and size, this property represents a rare and valuable investment opportunity in a rapidly developing area. Serious inquiries are encouraged to explore the possibilities this exceptional commercial land offers. The asking price is $758,600. Don't miss this chance to secure a prime location for your next commercial endeavor. The property is ready for immediate development, offering a streamlined path to realizing your business goals.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Grimes
    County
    Polk
    State
    Iowa
    Longitude
    -93.8065
    Latitude
    41.6879
    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
    2020
    $22,514
    $343,000
    $516,000
    $859,000
    -
    $343,000
    $516,000
    $859,000

    Comparable in this City

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    • Value Estimation
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      8,155 SF

      101 Destination Dr

      MEDICAL BUILDING • 8,155 SF
      101 Destination Dr, Grimes, IA 50111-6608
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    • Value Estimation
      $3,760,000
      14,568 SF

      250 Brookside Dr

      MEDICAL BUILDING • 14,568 SF
      250 Brookside Dr, Grimes, IA 50111-4900
      View Details
    • Value Estimation
      $755,000
      7,360 SF

      1551 3rd St

      MEDICAL BUILDING • 7,360 SF
      1551 3rd St, Grimes, IA 50111-8803
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    • Value Estimation
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      3,356 SF

      951 Gtwy Dr

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      951 Gtwy Dr, Grimes, IA 50111
      View Details
    • Value Estimation
      $1,085,000
      9,022 SF

      241 Destination Dr

      MEDICAL BUILDING • 9,022 SF
      241 Destination Dr, Grimes, IA 50111-1247
      View Details

    Similar Nearby for Sale

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      Land available in Grimes, Iowa.
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      Grimes Commercial Land - $1.1M

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      Commercial Land For Sale

      Up to 10.39 acres of commercial land for sale.
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    Similar Nearby for Lease

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      Retail Space in Grimes Center

      1,440 SF retail space in a community retail center.
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      3,264 SF

      Grimes Flex Space Available

      3,264 SF flex space for lease in Grimes.
      3560 SW Brookside Dr, Grimes, IA 50111
      View Details
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      Flex Building in Grimes, Iowa

      Flex building with suites available for rent in Grimes, Iowa.
      3800 SE Beisser Dr, Grimes, IA 50111
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      Retail/Office Building Pre-Leasing Opportunity

      Proposed 8,092 SF retail/office building in Grimes, Iowa.
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    • $18 SF/Yr
      1,200 SF

      Office Space with Private Offices

      Office space featuring private offices, conference room, and break room.
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    • Contact for pricing

      Warehouse with High Ceiling

      Warehouse with 32-foot ceilings and excellent transportation access.
      4201 S James St, Grimes, IA 50111
      View Details
    View Listing
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    Grimes, IA 50111
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    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.

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    100 NW Brookside Dr, Grimes, IA, 50111

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