Property profile

1201 1st St Grimes, IA 50111

OFF-MARKET
Drive through restaurants
Property ID
US25-2552483
2,584 SF 1 ac lot Built 2021
Individually Owned 2-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 2021
Construction FRAME
Total area 2,584 SF
Lot 1 ac (43,604 SF)
APN 311/00305-730-702
UPID US25-2552483

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
  • Restaurant Take-out & Catering

Location

1201 1st St Grimes, IA 50111-4850
Grimes metro Census 11302 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.80M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.80M

Owner & transaction history

since 2024
Last sale
$1.8M
2 recorded transactions
2024
$1.8M
2023
Price N/A

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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