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    Property profile & analytics

    1701 1st St Grimes, IA 50111-5274

    • Banks
    • 10,870 SF
    • 1.80 lot acres
    OFF-MARKET
    Value Estimation
    $980,000
    Last Sale
    Aug 03, 2020
    $1,098,000
    Location Intelligence
    Property ID
    US25-0003432
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Banks

    Property Details for 1701 1st St

    Year built
    2021
    Construction
    STEEL FRAME
    Lot size
    1.80 lot acres
    Property size
    10,870 SF
    Property type
    Banks
    APN
    311/00305-730-504
    APU
    31100305730504

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $905,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,030,000
      6.5%
      $1,065,000
      7%
      $955,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,170,000
      Geo Method
      $1,075,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,265,000
      Retail
      $1,010,000
      Mixed-Use
      $1,265,000
      Hospitality
      $935,000
      Educational
      $1,265,000
      Residential Income
      $1,250,000
      Energy
      $1,025,000
      Income-Based Land
      $1,120,000
      Food Service
      $1,265,000

    Location Insight

    • Map
    • Local Demand
    City
    Grimes
    County
    Polk
    State
    Iowa
    Longitude
    -93.7764
    Latitude
    41.6892
    CBSA code
    19780
    CBSA name
    DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $56
    $1,170,000
    $2,630,000
    $3,800,000
    -
    $1,170,000
    $2,630,000
    $3,800,000

    Comparable in this City

    • Value Estimation by Request
      2,763 SF

      150 Gtwy Dr

      FINANCIAL BUILDING • 2,763 SF
      150 Gtwy Dr, Grimes, IA 50111-2176
      View Details
    • Value Estimation
      $120,000
      12,767 SF

      221 Gtwy Dr

      FINANCIAL BUILDING • 12,767 SF
      221 Gtwy Dr, Grimes, IA 50111-1283
      View Details
    • Value Estimation by Request
      3,000 SF

      110 Main St

      FINANCIAL BUILDING • 3,000 SF
      110 Main St, Grimes, IA 50111-2193
      View Details
    • Value Estimation by Request
      10,116 SF

      925 Gtwy Dr

      FINANCIAL BUILDING • 10,116 SF
      925 Gtwy Dr, Grimes, IA 50111-6638
      View Details
    • Value Estimation by Request
      5,433 SF

      100 Jacob St

      FINANCIAL BUILDING • 5,433 SF
      100 Jacob St, Grimes, IA 50111-2093
      View Details
    • Value Estimation by Request
      9,916 SF

      1051 Gtwy Dr

      FINANCIAL BUILDING • 9,916 SF
      1051 Gtwy Dr, Grimes, IA 50111-1258
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Grimes, IA Commercial Land Parcels

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      Grimes Commercial Land - $893,851

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    Similar Nearby for Lease

    • Contact for pricing
      13,263 SF

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      Retail space available in a busy Grimes shopping center.
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      Grimes Sportsplex: 80 Acres For Lease

      Prime Iowa Commercial Land, Retail Potential
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      View Details
    • Contact for pricing
      10,000 SF

      Retail/Flex Space in Grimes, Iowa

      Up to 10,000 sqft retail/flex space for lease.
      3505 SE Grimes Blvd, Grimes, IA 50111
      View Details
    • $27 SF/Yr
      21,238 SF

      Hope Plaza II: Grimes Retail Space

      New Retail Strip Center, 6 Suites Available
      825 Gateway Dr, Grimes, IA 50111
      View Details
    • $28 SF/Yr
      20,054 SF

      Prime Retail Space, Hope District

      High-traffic location, flexible spaces available.
      1101 1St St, Grimes, IA 50111
      View Details
    • Contact for pricing
      300,000 SF

      Prime Grimes Warehouse Space

      105,000 SF Warehouse Available Now
      4201 James St, Grimes, IA 50111
      View Details

    Property Visit Statistics

    • Visits by month
      2.5k
    • Visitors by month
      2.0k
    • Avg Time on site
      9 min
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    Grimes, IA 50111-5274
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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