New search
Property profile & analytics
OFF-MARKET
Retail space
109 1st St Ste A Grimes, IA 50111-1209
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0210742
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Uthe Props LLC · 7 yrs held
Uthe Props LLC
since 2019
7 recorded transactions
Zoning & alternative use
C-2 · Grimes, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Grimes submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grimes submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$3,868
Tax year 2020
Assessed value
$212,000
Assessed 2023
Previous assessed
$212,000
+0.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$41,500
Assessed improvement
$170,500
Land market value
$41,500
Improvement market value
$170,500
Total market value
$212,000
Applied tax rate
12.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2021
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
YES
Buildings
1
Stories
1
Rooms
5
Bathrooms
1
Total area
2,500 SF
Lot
0.2 ac (8,738 SF)
Zoning code
C-2
APN
311/00218-001-000
UPID
US25-0210742
Jurisdiction
POLK
Zoning & alternative use
C-2 · Grimes, IA
Zoning C-2 · permitted uses
C-2 · Grimes, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Grimes. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2021
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
1
Rooms
5
Bathrooms
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
Uthe Props LLC
Entity
Mailing address
1621 331ST DR, MADRID, IA 50156-7427
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2020
—
Uthe Properties LLC
—
Deed
related
$130,000 · City State Bank
Jul 11, 2019
—
James G Uthe
—
Trustees Deed
related
$200,000 · City St Bk
Jul 5, 2019
—
Uthe Props LLC
Uthe,james G & Cathy L
Quit Claim Deed
related
—
Nov 2, 2018
—
James G Uthe
—
Deed
related
$684,220 · Visionbank Of Ia
Jun 25, 2018
—
James G Uthe
—
Deed
related
$284,000 · Visionbank Of Ia
Sep 4, 2015
$280,000
James G Uthe
Hutcheson,ricky G
Warranty Deed
—
Nov 1, 2004
$50,000
Ricky G Hutcheson
Adkins,rick & Carol L
Quit Claim Deed
related
—
—
—
James G Uthe
—
Deed Of Trust
related
$684,220 · Visionbank Of Ia
—
—
James G Uthe
—
Deed Of Trust
related
$86,539 · Veridian Cu
—
—
James G Uthe
—
Deed Of Trust
related
$284,000 · Visionbank Of Ia
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 109 1st St Ste A?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
