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Property profile & analytics
OFF-MARKET
Auto shops

1255 28th St Grimes, IA 50111-4956

4,200 SF 2.25 ac lot Built 2005
Individually Owned 10-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US25-0218720
Property profile
Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 2005
Construction STEEL FRAME
Total area 4,200 SF
Lot 2.25 ac (98,010 SF)
Zoning code M-1A
APN 311/00306-904-000
UPID US25-0218720
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Storey Five Lc · 10 yrs held
Storey Five Lc
since 2016
3 recorded transactions
2016
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
M-1A · Grimes, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

12-10-2 M-1A District Regulations 12-10-3 M-2 District Regulations 12-10-4 M-3 District Regulations 12-11 Overlay Districts 12-11-1 Highway 141 Mixed Use Development Corridor District 12-11-1 Highway 141 Mixed Use Development Corridor District (Continued) 12-11-2 Transportation Corridor Mixed Use Development Overlay District 12-12 Bulk Regulations 12-12-1 Bu…

Zone name Commercial And Limited Light Industrial District
General category INDUSTRIAL
Zone area 920.36 ac
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