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Property profile & analytics
FOR LEASE
Warehouses

1300 SE Little Beaver Dr Grimes, IA 50111

110,000 SF 6.97 ac lot Built 2016
Entity Owned 5-yr Hold Absentee Owner Free & Clear
Property ID
US25-1246325
Property summary
AI-generated overview

This exceptional 20,000-square-foot warehouse space in Grimes, IA, is available for sublease until July 31, 2034. Located conveniently near the I-35/I-80 interchange, this 2017-built facility boasts a 28-foot clear ceiling height, ideal for various industrial uses. The space includes three 10'H x 9'W dock-high doors and one 16'H x 12'W drive-in door, ensuring efficient loading and unloading. Currently configured with cold storage capabilities (freezer capable of 0° Fahrenheit), the tenant will remove the cooler for a traditional warehouse user. The interior features a functional office area with four private offices, a spacious reception/conference area, and a breakroom. The warehouse is equipped with a robust 3-phase, 480-volt, 2,500-amp power supply and an ESFR sprinkler system, providing comprehensive safety and operational efficiency. The lease rate is $6.00 NNN, but rates may vary for cold storage users. This is a prime opportunity for businesses seeking a modern, well-equipped warehouse space in a strategic location. The property is currently subleased by Home City Ice and comprises suites 110 and 111 (endcap).

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2016
Construction STEEL FRAME
Total area 110,000 SF
Lot 6.97 ac (303,613 SF)
APN 311/00305-585-011
UPID US25-1246325
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
$8.36M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$11.61M
Owner & transaction history
Jdso INC · 5 yrs held
Jdso INC
since 2020
Last sale
$15.3M
7 recorded transactions
2020
$3.3M
2020
Price N/A
2016
Price N/A
2016
Price N/A
2014
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $18.9M +101.8%
Auto repair, garage $17.1M +82.1%
Apartment house (5+ units) $16.7M +77.5%
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