Technical
Financial
Distress signals
Property profile

1951 James St Grimes, IA 50111

OFF-MARKET
Apartment buildings
Property ID
US25-1291270
20,886 SF 0.74 ac lot Built 2014
Entity Owned 3-yr Hold
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Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 2014
Construction FRAME
Total area 20,886 SF
Lot 0.74 ac (32,381 SF)
APN 311/00282-010-056
UPID US25-1291270

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Waste Management Facility Hazardous Waste Disposal

Location

1951 James St Grimes, IA 50111-4785
Grimes metro Census 11302 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.15M
CAP Approach CAP
$2.49M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.97M

Owner & transaction history

since 2023
Last sale
$2.1M
1 recorded transaction
2023
$2.1M

Zoning & alternative use

Top alternative use upside
Auto repair, garage $3.2M +2.6%

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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