Property profile

109 1st St Ste A Grimes, IA 50111

OFF-MARKET
Retail space
Property ID
US25-0210742
2,500 SF 0.2 ac lot Built 2021
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2021
Construction STEEL FRAME
Total area 2,500 SF
Lot 0.2 ac (8,738 SF)
Zoning code C-2
APN 311/00218-001-000
UPID US25-0210742

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Wine and Liquor Store
  • Crypto Atm

Location

109 1st St Ste A Grimes, IA 50111-1209
Grimes metro Census 11302 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$205k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$205k

Owner & transaction history

since 2019
7 recorded transactions
2020
Price N/A
2019
Price N/A
2019
Price N/A
2018
Price N/A
2018
Price N/A
2015
$280,000
2004
$50,000

Zoning & alternative use

C-2 · Grimes, IA
Zoning description

12-9-2 C-2 District Regulations 12-9-3 C-3 District Regulations 12-10 Industrial Districts 12-10-1 M-1 District Regulations 12-10-2 M-1A District Regulations 12-10-3 M-2 District Regulations 12-10-4 M-3 District Regulati…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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