Property profile

1501 1st St Grimes, IA 50111

OFF-MARKET
Retail properties & Spaces
Property ID
US25-2552509
4,187 SF 1.39 ac lot Built 2022
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Retail properties & Spaces
Use group SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built 2022
Construction FRAME
Total area 4,187 SF
Lot 1.39 ac (60,723 SF)
APN 311/00305-730-502
UPID US25-2552509

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
  • Auto Repair Shop

Location

1501 1st St Grimes, IA 50111-3900
Grimes metro Census 11302 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.09M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.11M

Owner & transaction history

since 2021
Last sale
$1.2M
1 recorded transaction
2021
$1.2M

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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