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    Property profile & analytics

    204 1st St Grimes, IA 50111-4756

    • Retail space
    • 17,312 SF
    • 1.83 lot acres
    OFF-MARKET
    Value Estimation
    $350,000
    Location Intelligence
    Property ID
    US25-0160407
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 204 1st St

    Year built
    2006
    Construction
    STEEL FRAME
    Lot size
    1.83 lot acres
    Property size
    17,312 SF
    Zone code
    C-2
    Property type
    Retail space
    APN
    311/00305-801-002
    APU
    31100305801002

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $330,000

    • CAP approach

      CAP return
      Estimation
      6%
      $375,000
      6.5%
      $350,000
      7%
      $380,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $430,000
      Geo Method
      $385,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $350,000
      Retail
      $480,000
      Mixed-Use
      $420,000
      Hospitality
      $475,000
      Educational
      $475,000
      Residential Income
      $350,000
      Energy
      $480,000
      Income-Based Land
      $415,000
      Food Service
      $355,000

    Location Insight

    • Map
    • Local Demand
    City
    Grimes
    County
    Polk
    State
    Iowa
    Longitude
    -93.7958
    Latitude
    41.6878
    CBSA code
    19780
    CBSA name
    DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $9,690
    $218,000
    $211,000
    $429,000
    -
    $218,000
    $211,000
    $429,000

    Comparable in this City

    • Value Estimation by Request

      1St St

      Individual retail properties
      0 1St St, Grimes, IA 50111
      View Details
    • Value Estimation by Request
      11,500 SF

      3300 Xrds Dr

      RETAIL STORES (PERSONAL SERVICES) • 11,500 SF
      3300 Xrds Dr, Grimes, IA 50111-4870
      View Details
    • Value Estimation by Request
      4,000 SF

      2570 1st St

      RETAIL STORES (PERSONAL SERVICES) • 4,000 SF
      2570 1st St, Grimes, IA 50111-7610
      View Details
    • Value Estimation by Request
      7,936 SF

      751 Gtwy Dr

      RETAIL STORES (PERSONAL SERVICES) • 7,936 SF
      751 Gtwy Dr, Grimes, IA 50111-1268
      View Details
    • Value Estimation
      $1,810,000
      10,000 SF

      480 Gtwy Dr

      RETAIL STORES (PERSONAL SERVICES) • 10,000 SF
      480 Gtwy Dr, Grimes, IA 50111
      View Details
    • Value Estimation
      $285,000
      2,376 SF

      202 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,376 SF
      202 Main St, Grimes, IA 50111-2192
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      21,238 SF

      Hope Plaza II: Grimes Retail Center

      Prime Grimes, IA storefront investment
      825 Gateway Dr, Grimes, IA 50111
      View Details
    • $718,740
      1.10 Acres

      Grimes Blvd Commercial Land

      High-visibility Iowa commercial land.
      3505 Grimes Blvd, Grimes, IA 50111
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      1221 Gateway Dr, Grimes, IA 50111
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    • $878,170
      1.12 Acres

      Grimes Retail Land Investment Opportunity

      Prime 1.12-acre retail lot, 48,908 SF.
      1151 Gateway Dr, Grimes, IA 50111
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      Grimes, IA Commercial Land Parcels

      Prime Grimes, IA commercial lots near major retailers.
      1700 Beaverbrooke Blvd, Grimes, IA 50111
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    • $893,851
      1.52 Acres

      Grimes Commercial Land - $893,851

      1.52 Acres, C-2 Zoning, High Traffic
      1201 Gateway Dr, Grimes, IA 50111
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      13,263 SF

      Retail Space in Grimes Center

      Retail space available in a busy Grimes shopping center.
      250 SE Destination Dr, Grimes, IA 50111
      View Details
    • Contact for pricing

      Grimes Sportsplex: 80 Acres For Lease

      Prime Iowa Commercial Land, Retail Potential
      0 1St St, Grimes, IA 50111
      View Details
    • Contact for pricing
      10,000 SF

      Retail/Flex Space in Grimes, Iowa

      Up to 10,000 sqft retail/flex space for lease.
      3505 SE Grimes Blvd, Grimes, IA 50111
      View Details
    • $27 SF/Yr
      21,238 SF

      Hope Plaza II: Grimes Retail Space

      New Retail Strip Center, 6 Suites Available
      825 Gateway Dr, Grimes, IA 50111
      View Details
    • $28 SF/Yr
      20,054 SF

      Prime Retail Space, Hope District

      High-traffic location, flexible spaces available.
      1101 1St St, Grimes, IA 50111
      View Details
    • Contact for pricing
      300,000 SF

      Prime Grimes Warehouse Space

      105,000 SF Warehouse Available Now
      4201 James St, Grimes, IA 50111
      View Details

    Property Visit Statistics

    • Visits by month
      1.6k
    • Visitors by month
      1.8k
    • Avg Time on site
      10 min
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    204 1st St
    Grimes, IA 50111-4756
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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