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Property profile & analytics
OFF-MARKET
Grocery and convenience stores

1880 Princeton Dr Grimes, IA 50111-4825

3,312 SF 1.47 ac lot Built 2022
Trust Owned 19-yr Hold Free & Clear
Property ID
US25-0084030
Property profile
Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 2022
Construction STEEL FRAME
Total area 3,312 SF
Lot 1.47 ac (64,120 SF)
Zoning code M-1A
APN 311/00390-001-022
UPID US25-0084030
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
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Norris Ned D & Linda L Trust · 19 yrs held
Norris Ned D & Linda L Trust
since 2006
2 recorded transactions
2006
$1.4M
2006
$1.2M
Zoning & alternative use
M-1A · Grimes, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

12-10-2 M-1A District Regulations 12-10-3 M-2 District Regulations 12-10-4 M-3 District Regulations 12-11 Overlay Districts 12-11-1 Highway 141 Mixed Use Development Corridor District 12-11-1 Highway 141 Mixed Use Development Corridor District (Continued) 12-11-2 Transportation Corridor Mixed Use Development Overlay District 12-12 Bulk Regulations 12-12-1 Bu…

Zone name Commercial And Limited Light Industrial District
General category INDUSTRIAL
Zone area 920.36 ac
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