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    1152 Gtwy Dr Grimes, IA 50111-4810
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    Property profile & analytics

    1152 Gtwy Dr, Grimes, IA 50111-4810

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    • Industrial properties
    • 36,380 SF
    • 4.39 lot acres
    Off-Market
    Last Sale Oct 24, 2024
    $3,895,000
    Property ID
    US25-0246480
    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
    $3,895,000
    Show details
    Cap Rate Potential
    3.8%
    Industrial properties
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 1152 Gtwy Dr

    Year built
    2007
    Construction
    STEEL FRAME
    Lot size
    4.39 lot acres
    Zone code
    M-1A
    Property type
    Industrial properties
    APN
    311/00305-525-009
    APU
    31100305525009

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 22, 2025 Jakers Mark 43 LLC Ade 1145 LLC Quitclaim Deed · related $14.1M · First Horizon Bank
    Oct 24, 2024 $3,895,000 Ade 1145 LLC Merge Left LLC Warranty Deed $3.9M · Cogent Bank
    Feb 13, 2020 Merge Right LLC Deed · related $1.1M · Leighton St Bk
    Oct 10, 2018 $50,000 Merge Left LLC Flat Our Property LLC Warranty Deed $2.2M · Leighton State Bank
    Jan 26, 2018 Flat Out Property LLC Deed · related $2.7M · Lincoln Svgs Bk
    Mar 2, 2015 $2,165,000 Flat Out Property LLC Lowen Corp Warranty Deed $1.9M · Lincoln Savings Bank
    Jan 8, 2013 $1,570,000 Lowen Corp Cherkas,ronald D & Nancy L Grant Deed
    Jul 5, 2011 $20,000 Ronald D Cherkas Cherkas,ronald D & Nancy Grant Deed · related
    May 30, 2008 $2,379,000 Ronald D Cherkas Pbi Properties Warranty Deed $1.8M · West Bank
    Apr 26, 2007 Pbi Properties Trustees Deed · related $2.2M · West Bank
    Merge Right LLC Deed Of Trust · related $1.1M · Leighton St Bk
    Flat Out Property LLC Loan Modification · related $2.7M · Lincoln Svgs Bk

    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $3,895,000
      ML approach
      $3,895,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,689,000
      Market price range: $2.39M - $4.09M
    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $3,035,000
      Current use
      RESTAURANT
      $6,265,000
      Change: +106% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $5,650,000
      Change: +86% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $5,505,000
      Change: +81% Conversion: Difficult
      MEDICAL BUILDING
      $5,490,000
      Change: +81% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $4,935,000
      Change: +63% Conversion: Difficult
      RETAIL STORES
      $4,245,000
      Change: +40% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $3,585,000
      Change: +18% Conversion: Difficult

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


    Location Insight

    • Map
    • Local Demand
    City
    Grimes
    County
    Polk
    State
    Iowa
    Longitude
    -93.7783
    Latitude
    41.6792
    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
    2023
    $117,160
    $525,000
    $2,775,000
    $3,300,000
    -
    $525,000
    $2,775,000
    $3,300,000
    More about this property
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