Property profile

1601 1st St Grimes, IA 50111

OFF-MARKET
Drive through restaurants
Property ID
US25-0003431
4,010 SF 1.36 ac lot Built 2020
Entity Owned 5-yr Hold Free & Clear
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Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 2020
Construction FRAME
Total area 4,010 SF
Lot 1.36 ac (59,067 SF)
APN 311/00305-730-503
UPID US25-0003431

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
  • Restaurant

Location

1601 1st St Grimes, IA 50111-5273
Grimes metro Census 11302 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$755k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.06M
Blend (final) Blend
$780k

Owner & transaction history

since 2020
Last sale
$945,500
1 recorded transaction
2020
$945,500

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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