Technical
Financial
Distress signals
Property profile

1101 Gtwy Dr Grimes, IA 50111

OFF-MARKET
Day care centers
Property ID
US25-0068103
12,663 SF 1.84 ac lot Built 2017
Entity Owned 5-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Day care centers
Use group DAY CARE, PRE-SCHOOL
Year built 2017
Construction STEEL FRAME
Total area 12,663 SF
Lot 1.84 ac (80,194 SF)
Zoning code C-2
APN 311/00305-525-001
UPID US25-0068103

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
  • Daycare Center
  • High School Daycare Center

Location

1101 Gtwy Dr Grimes, IA 50111-4810
Grimes metro Census 11303 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$480k

Owner & transaction history

since 2021
7 recorded transactions
2024
Price N/A
2021
$4.8M
2020
Price N/A
2020
$585,500
2020
Price N/A
2019
Price N/A
2018
Price N/A

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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