Property profile

1881 SE Princeton Dr Grimes, IA 50111

FOR LEASE
Other retail properties
Property ID
US25-0290915
11,000 SF 1.55 ac lot
Entity Owned 4-yr Hold
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Property summary

AI-generated overview

The property is a commercial retail development offering multiple retail suites with sizes ranging from approximately 1,500 to 11,000 square feet. Tenant improvements may be incorporated into the retail space, and the site includes options for building-mounted and monument signage. Site features include drive-thru space and an end-cap unit with an attached patio. The development was planned for completion in the summer of 2024. The surrounding area includes a mix of retail and service businesses, including Amazon, Elite Edge, Subway, RC Dermatology, Sun Tan City, Buff City Soap, and Kum & Go. Traffic counts reported for 2020 show approximately 8,473 vehicles on SE 19th Street, with population estimates of about 3,921 within a 1-mile radius, 29,870 within 3 miles, and 89,200 within 5 miles.

Property profile

Verified
Property type Other retail properties
Total area 11,000 SF
Lot 1.55 ac (67,518 SF)
UPID US25-0290915

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1881 SE Princeton Dr Grimes, IA 50111
Grimes metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2021
2 recorded transactions
2024
Price N/A
2021
$354,500

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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More about this property
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