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Property profile & analytics
OFF-MARKET Estimated value $990,000
Strip malls

1884 Destination Dr Grimes, IA 50111-6633

12,107 SF 1.21 ac lot Built 2020
Entity Owned Absentee Owner ~ Est. High Equity
Property ID
US25-0803991
Property summary
AI-generated overview

This exceptional 2,000-square-foot flex space, located at 1884 Destination Drive in Polk County, presents a unique investment opportunity. Situated as an east end-cap unit (Suite 600), this single-tenant property boasts a versatile layout perfect for a variety of businesses. The space includes three private offices, a convenient galley/sink area, and a spacious open office area, all complemented by abundant natural light from warehouse windows. A 12-foot drive-in door ensures easy loading and unloading. The property benefits from a highly favorable lease rate of $12.00 per square foot, triple net (NNN), with operating expenses at $6.93 per square foot. A sublease is available, extending through December 31, 2028. Building signage is available, enhancing visibility and brand recognition. The property enjoys excellent visibility, with 2020 traffic counts on SE 19th Street reaching 8,473 vehicles. This prime location is further enhanced by a strong mix of neighboring businesses, including prominent names such as Amazon, Elite Edge, Subway, RC Dermatology, Sun Tan City, Buff City Soap, and Kum & Go, creating a vibrant and thriving commercial environment. This property offers a compelling combination of functionality, location, and lease terms, making it an attractive option for discerning investors and businesses seeking a well-positioned flex space.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2020
Construction FRAME
Total area 12,107 SF
Lot 1.21 ac (52,795 SF)
APN 311/00390-001-023
UPID US25-0803991
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
by Request
Comparable Approach Comparable
$1.08M
Blend (final) Blend
$990k
Owner & transaction history
Jm Commercial Holdings LLC
Jm Commercial Holdings LLC
since 2026
3 recorded transactions
2026
Price N/A
2021
Price N/A
2021
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $1.6M +37.6%
Retail stores $1.4M +18.3%
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