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Property profile & analytics
FOR LEASE
Warehouses

1405 Southeast 28Th St Grimes, IA 50111

24,000 SF 2.36 ac lot Built 2020
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US25-0160576
1405 Southeast 28Th St, Grimes, IA 50111 For Lease
$12.50 SF/Yr 16,400 SF available
1405 Southeast 28Th St, Grimes, IA 50111
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Property summary
AI-generated overview

This exceptional flex space property, located at 1405 SE 28th Street in Grimes, Iowa, offers a total of 48,000 square feet of versatile space distributed across two separate buildings. Ideal for a variety of businesses, this property boasts a highly desirable flex configuration, catering to diverse operational needs. The buildings feature ceiling heights ranging from 14 to 16 feet, providing ample vertical space for storage, equipment, or high-bay racking systems. Situated in Polk County, this location provides convenient access to Highway 141, ensuring seamless transportation and logistics for your operations. The property is currently available for multiple tenants, presenting an excellent opportunity for businesses seeking flexible and adaptable workspace in a thriving Iowa community. The property's zoning and specific lease terms are available upon request. This prime location in Grimes offers a strategic advantage for businesses seeking efficient operations and a strong connection to regional transportation networks. The property's size and configuration make it suitable for a wide range of industrial and commercial uses. Contact us today to learn more about this exceptional opportunity. Zip code is 50111.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2020
Construction STEEL FRAME
Total area 24,000 SF
Lot 2.36 ac (102,801 SF)
APN 311/00306-902-000
UPID US25-0160576
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
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Hd Commercial LLC · 6 yrs held
Hd Commercial LLC
since 2020
Last sale
$485,000
3 recorded transactions
2020
Price N/A
2020
$485,000
2018
$386,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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