1884 Destination Dr Grimes, IA 50111-6633
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.