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    Property profile & analytics

    1101 1St St Grimes, IA 50111

    • Strip malls
    • 20,250 SF
    • 2.59 lot acres
    For Lease
    View listing
    $28 SF/Yr
    Value Estimation
    $4,930,000
    Last Sale
    Mar 02, 2023
    $5,250,000
    Location Intelligence
    Property ID
    US25-2552482
    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

    • Strip malls

    Property Details for 1101 1St St

    Year built
    2021
    Construction
    STEEL FRAME
    Lot size
    2.59 lot acres
    Property size
    20,250 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    311/00305-730-701
    APU
    31100305730701

    Description

    This exceptional Class A retail property, built in 2022, boasts 20,054 square feet of space situated on 2.59 acres of land at 1101 E 1st Street, conveniently located at the entrance to the vibrant Hope District. The building features a single story with 126 parking spaces, ensuring ample convenience for customers and employees. The property is zoned C2 and located in Polk County, offering excellent visibility and accessibility. Multiple tenancy options are available, with spaces ranging from a minimum of 1,496 square feet to a maximum contiguous space of 4,488 square feet. Currently, there is 9,564 square feet of vacant space ready for immediate occupancy. The building benefits from a 1.0 load factor. This prime retail location is surrounded by a thriving commercial environment, including well-established businesses such as Grimes-Plex, Hy-Vee, Culver's, Arby's, Jiffy Lube, and DUPACO Credit Union, ensuring high foot traffic and strong potential for success. The property's strategic location and modern design make it an ideal opportunity for businesses seeking a prominent presence in a rapidly growing area. Contact us today to learn more about this exceptional retail space.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $4,910,000

    • CAP approach

      CAP return
      Estimation
      6%
      $4,905,000
      6.5%
      $5,460,000
      7%
      $5,100,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $4,670,000
      Geo Method
      $5,905,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $4,655,000
      Retail
      $4,400,000
      Mixed-Use
      $4,580,000
      Hospitality
      $5,595,000
      Educational
      $4,500,000
      Residential Income
      $5,145,000
      Energy
      $4,715,000
      Income-Based Land
      $4,375,000
      Food Service
      $4,675,000

    Location Insight

    • Map
    • Local Demand
    City
    Grimes
    County
    Polk
    State
    Iowa
    Longitude
    -93.7824
    Latitude
    41.6891
    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
    $88
    $1,690,000
    $2,630,000
    $4,320,000
    -
    $1,690,000
    $2,630,000
    $4,320,000

    Comparable in this City

    • Value Estimation by Request
      9,876 SF

      255 Brookside Dr

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    • Value Estimation by Request
      10,778 SF

      3390 Xrds Dr

      SHOPPING CENTER, STRIP CENTER • 10,778 SF
      3390 Xrds Dr, Grimes, IA 50111-5290
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    • Value Estimation by Request
      9,800 SF

      3600 Xrds Dr

      SHOPPING CENTER, STRIP CENTER • 9,800 SF
      3600 Xrds Dr, Grimes, IA 50111-5048
      View Details
    • Value Estimation by Request
      6,510 SF

      2250 1st St

      SHOPPING CENTER, STRIP CENTER • 6,510 SF
      2250 1st St, Grimes, IA 50111-7612
      View Details
    • Value Estimation by Request
      5,760 SF

      270 1st St Ste H

      SHOPPING CENTER, STRIP CENTER • 5,760 SF
      270 1st St Ste H, Grimes, IA 50111-2145
      View Details
    • Value Estimation by Request
      5,684 SF

      1890 Destination Dr

      SHOPPING CENTER, STRIP CENTER • 5,684 SF
      1890 Destination Dr, Grimes, IA 50111-6635
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      21,238 SF

      Hope Plaza II: Grimes Retail Center

      Prime Grimes, IA storefront investment
      825 Gateway Dr, Grimes, IA 50111
      View Details
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      1.10 Acres

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      High-visibility Iowa commercial land.
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      1151 Gateway Dr, Grimes, IA 50111
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      Prime Grimes location, high traffic, C-2 zoning
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    • Contact for pricing

      Grimes, IA Commercial Land Parcels

      Prime Grimes, IA commercial lots near major retailers.
      1700 Beaverbrooke Blvd, Grimes, IA 50111
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      Grimes Commercial Land - $893,851

      1.52 Acres, C-2 Zoning, High Traffic
      1201 Gateway Dr, Grimes, IA 50111
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      13,263 SF

      Retail Space in Grimes Center

      Retail space available in a busy Grimes shopping center.
      250 SE Destination Dr, Grimes, IA 50111
      View Details
    • $27 SF/Yr
      21,238 SF

      Hope Plaza II: Grimes Retail Space

      New Retail Strip Center, 6 Suites Available
      825 Gateway Dr, Grimes, IA 50111
      View Details
    • Contact for pricing
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      Prime Grimes Retail/Office Space

      8,092 SF Available, High Visibility
      3600 Miehe Dr, Grimes, IA 50111
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    • Contact for pricing
      11,000 SF

      Prime Grimes Retail Center

      11,000 SF Retail Space Available
      1881 Princeton Dr, Grimes, IA 50111
      View Details
    • $28 SF/Yr
      20,054 SF

      Prime Retail Space, Hope District

      High-traffic location, flexible spaces available.
      1101 1St St, Grimes, IA 50111
      View Details
    • Contact for pricing
      300,000 SF

      Prime Grimes Warehouse Space

      105,000 SF Warehouse Available Now
      4201 James St, Grimes, IA 50111
      View Details
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    1101 1St St
    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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