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Property profile & analytics
OFF-MARKET
Drive through restaurants
2170 1st St Grimes, IA 50111-7606
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US25-0234479
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2013
Construction
FRAME
Total area
2,831 SF
Lot
1.24 ac (54,058 SF)
Zoning code
C-2
APN
311/01401-013-000
UPID
US25-0234479
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Edotto Slims 1 LLC · 4 yrs held
Edotto Slims 1 LLC
since 2022
Last sale
$1.6M
3 recorded transactions
Zoning & alternative use
C-2 · Grimes, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Grimes submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grimes submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$40,302
Tax year 2020
Assessed value
$1,662,000
Assessed 2023
Previous assessed
$1,662,000
+0.0% YoY
Effective rate
2.42%
On assessed value
Assessed land
$639,500
Assessed improvement
$1,022,500
Land market value
$639,500
Improvement market value
$1,022,500
Total market value
$1,662,000
Applied tax rate
13.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2013
Construction
FRAME
Heating
NONE
Buildings
1
Stories
1
Total area
2,831 SF
Lot
1.24 ac (54,058 SF)
Zoning code
C-2
APN
311/01401-013-000
UPID
US25-0234479
Jurisdiction
POLK
Zoning & alternative use
C-2 · Grimes, IA
Zoning C-2 · permitted uses
C-2 · Grimes, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Grimes. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2013
Construction
FRAME
Heating
NONE
Stories
1
Buildings
1
Lot
1.24 ac
Current owner
From public records · entity-resolved
Edotto Slims 1 LLC
Entity
Mailing address
5105 S XING PL STE #4, SIOUX FALLS, SD 57108-5005
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 25, 2022
$1,600,000
Edotto Slims 1 LLC
Kl Restaurant Midwest Properties In
Warranty Deed
$2,502,655 · American Bank & Trust Co
Nov 12, 2013
—
Kl Restaurant Midwest Props In
—
Trustees Deed
related
$600,000 · Clear Lake Bank & Trust Co
Sep 17, 2013
$275,000
Kl Restaurant Midwest Props In
Wal-mart R/e Busn Trust
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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