Financial
Distress signals
Property profile

1201 Ne Gateway Dr Grimes, IA 50111

FOR SALE
Other investment properties
Property ID
US25-0067843
7,062 SF 1.54 ac lot Built 2005
Last sale Jun 2025 · $530,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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1201 Ne Gateway Dr, Grimes, IA 50111 For Sale
$892,701 7,062 SF
1201 Ne Gateway Dr, Grimes, IA 50111
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Property summary

AI-generated overview

Five commercial lots are located at the east entrance of the Hope Commercial Development, positioned along the main internal road that runs through the 211-acre development. The lots (identified as Lot 2 on the aerial) have visibility from Highway 141. The broader development includes commercial and residential uses, along with a 50-acre turf sports facility, and it is anchored by a Hy-Vee grocery store occupying more than 100,000 square feet.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax

No data for this section
What does the county charge?

No tax or assessment record is on file for this parcel in the county feed.

Value estimate

· Sep 2026
$1.07M
$959k – $1.17M
Submarket $/SF estimate$958k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$136/SF
ZIP average, outlier-cleaned · 22 recorded sales of this use type
Observed band · Q1–Q3$71 – $172
Qualifying comparables6

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C-2
The C-2 General andHighwayService Commercial District is intended to provide for general commercial areas outside of the central business...
General categoryCOMMERCIAL
JurisdictionPOLK

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency13.9
Law Firm12.4
Auto Parts Store10.9

Location

1201 Ne Gateway Dr Grimes, IA 50111
County assessor · not on file Recorded deeds · 5 transfers 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4000 Beisser, Grimes, IA 50111-4969 $1,930,000 Oct 2024 6,300 SF
3355 Xrds, Grimes, IA 50111-4870 $1,450,000 May 2021 9,600 SF
3700 Beisser, Grimes, IA 50111-5056 $1,300,000 Apr 2020 5,400 SF
1860 Princeton, Grimes, IA 50111-4825 $181,000 Jan 2020 6,945 SF
4200 Beisser, Grimes, IA 50111-4971 $925,000 Feb 2019 8,920 SF
1255 37th, Grimes, IA 50111 $230,000 Nov 2018 6,184 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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