Realmo Analytics

Get reports on 50M+ commercial properties in the US. Find and target property leads based on your business goal.

Property profile

1861 Princeton Dr Grimes, IA 50111

OFF-MARKET
Other commercial real estate
Property ID
US25-0261914
15,750 SF 1.54 ac lot Built 2021
Last sale Feb 2023 · $2,230,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

The property is a newly constructed building offering approximately 2,587 square feet of space that can be configured for flex use, office use, or retail use.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2020

What does the county charge?
$52
Tax billed · 2020
Assessed value · 2023$2.23M
Assessed land$240k
Assessed improvement$1.99M
Effective rate0.00%

Value estimate

· Oct 2026
$2.28M
$2.05M – $2.51M
CAP approach$2.40M
Submarket $/SF estimate$2.49M

Realmo valuation models over county records and 13 qualifying comparable sales.

Recently sold

What actually traded nearby?
$136/SF
ZIP average, outlier-cleaned · 22 recorded sales of this use type
Observed band · Q1–Q3$71 – $172
Qualifying comparables13

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
M-1A
The M-1A Commercial and Limited Light Industrial District is intended and designed to provide areas of thecitysuitable for activities and...
General categoryINDUSTRIAL
JurisdictionPOLK

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency16.7
Law Firm15.1
Auto Parts Store13.4

Location

1861 Princeton Dr Grimes, IA 50111-5286
County assessor Recorded deeds · 4 transfers 13 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4300 Beisser, Grimes, IA 50111-4972 $675,000 Aug 2023 2,125 SF
1200 Brookside Cir, Grimes, IA 50111-5141 $320,000 Feb 2022 1,800 SF
3400 Xrds, Grimes, IA 50111-5291 $485,000 Nov 2021 19,600 SF
3850 Beisser, Grimes, IA 50111-4967 $900,000 Jan 2021 8,800 SF
3600 Miehe, Grimes, IA 50111-6653 $235,000 Jan 2021 1,309 SF
2155 37th, Grimes, IA 50111-5195 $45,000 May 2019 36,960 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1861 Princeton Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message
Why this one?
Saved