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Property profile & analytics
OFF-MARKET
Individual retail properties
2350 37th St Grimes, IA 50111
Trust Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0360417
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
1968
Construction
FRAME
Total area
2,249 SF
Lot
77.94 ac (3,394,849 SF)
Zoning code
M-1A
APN
311/00500-002-001
UPID
US25-0360417
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
Tabelisma,luzviminda P Trust · 10 yrs held
Tabelisma,luzviminda P Trust
since 2016
7 recorded transactions
Zoning & alternative use
M-1A · 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
$136,486
Tax year 2020
Assessed value
$5,000,900
Assessed 2023
Previous assessed
$5,000,900
+0.0% YoY
Effective rate
2.73%
On assessed value
Assessed land
$5,000,000
Assessed improvement
$900
Land market value
$5,000,000
Improvement market value
$900
Total market value
$5,000,900
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
Individual retail properties
Use group
GYM, HEALTH SPA
Status
Off-Market
Year built
1968
Construction
FRAME
Heating
YES
Cooling
YES
Buildings
7
Stories
2
Total area
2,249 SF
Lot
77.94 ac (3,394,849 SF)
Zoning code
M-1A
APN
311/00500-002-001
UPID
US25-0360417
Jurisdiction
POLK
Zoning & alternative use
M-1A · Grimes, IA
Zoning M-1A · permitted uses
M-1A · 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
1968
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
2
Buildings
7
Lot
77.94 ac
Current owner
From public records · entity-resolved
Tabelisma,luzviminda P Trust
Trust
Mailing address
2500 SE 37TH ST UNIT A, GRIMES, IA 50111-5121
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
58 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2016
—
Tabelisma,luzviminda P Trust
Tabelisma,emmanuel & Luzviminda
Quit Claim Deed
related
—
May 18, 2010
—
Des Moines Camping Clu Cuttys
Cuttys INC
Quit Claim Deed
—
Oct 15, 2009
—
Nelson Lisa D Living Trust
Nelson,dub & Lisa
Quit Claim Deed
related
—
May 27, 2009
—
Cuttys Dm Camping Club INC
Peasley,nick & Jaren
Quit Claim Deed
related
—
Mar 9, 2009
—
Charles O Reed
Cuttys INC
Warranty Deed
related
—
Feb 19, 2009
—
Bob Crase
Hickle,carl L & Patsy
Quit Claim Deed
related
—
Feb 18, 2009
—
Gerald F Putz
Cuttys INC
Warranty Deed
related
—
Feb 10, 2009
—
Shafer R E
Neff,robert & Debra
Quit Claim Deed
related
—
Feb 5, 2009
—
Judy Gift
Bell,mildred
Quit Claim Deed
related
—
Sep 12, 2008
$5,500
Michael E Parsons
Cuttys INC
Warranty Deed
—
Mar 19, 2007
—
Des Moines Camping Clu Cuttys
Putney,glen & Sarah
Quit Claim Deed
related
—
Mar 2, 2007
—
Joel Samuelson
Barr,wayne & Gayla
Quit Claim Deed
related
—
Feb 15, 2007
$3,000
Larry L Harvey
Cuttys INC
Warranty Deed
related
—
Feb 15, 2007
$1,500
Garrett Doorlag
Cuttys INC
Warranty Deed
related
—
Dec 1, 2006
—
Des Moines Camping Clu Cuttys
Stearns,brent C & Kim E
Quit Claim Deed
related
—
—
—
Des Moines Camping Clu Cuttys
—
Deed Of Trust
related
$3,000 · Fred Harvey
—
—
Des Moines Camping Clu Cuttys
—
Deed Of Trust
related
$3,000 · Craig & Karen Bartholomew
—
—
Des Moines Camping Clu Cuttys
—
Deed Of Trust
related
$3,000 · Steve & Elaine Timmons
—
—
Des Moines Camping Clu Cuttys
—
Deed Of Trust
related
$500 · Arlene Cook
—
—
Des Moines Camping Clu Cuttys
—
Deed Of Trust
related
$3,000 · Gerald & Joann Putz
—
—
Des Moines Camping Clu Cuttys
—
Deed Of Trust
related
$3,000 · Dale & Evelyn Baarda
—
—
Des Moines Camping Clu Cuttys
—
Deed Of Trust
related
$3,000 · Leroy & Nancy Brown
—
—
Des Moines Camping Clu Cuttys
—
Deed Of Trust
related
$3,000 · William & Kay Dilks
—
—
Des Moines Camping Clu Cuttys
—
Deed Of Trust
related
$3,000 · Don A & Beverly J Graves
—
—
Des Moines Camping Clu Cuttys
—
Deed Of Trust
related
$3,000 · Ray & Betty Mcdowell
—
—
Des Moines Camping Clu Cuttys
—
Deed Of Trust
related
$3,000 · Gerald & Delores Benjamin
—
—
Des Moines Camping Clu Cuttys
—
Deed Of Trust
related
$3,000 · Carroll & Maxine Edwards
—
—
Des Moines Camping Clu Cuttys
—
Deed Of Trust
related
$3,000 · Dale & Evelyn Baarda
—
—
Des Moines Camping Clu Cuttys
—
Deed Of Trust
related
$3,000 · Richard & Jane Shafer
—
—
Des Moines Camping Clu Cuttys
—
Deed Of Trust
related
$3,000 · Lavonda Chadwick
—
—
Des Moines Camping Clu Cuttys
—
Deed Of Trust
related
$3,000 · Louis & June Ferguson
—
—
Des Moines Camping Clu Cuttys
—
Deed Of Trust
related
$3,000 · Norman & Joann Thomas
—
—
Des Moines Camping Clu Cuttys
—
Deed Of Trust
related
$1,500 · Earl & Sharon Kern
—
—
Des Moines Camping Clu Cuttys
—
Deed Of Trust
related
$1,000 · Larry & Onalee Storesund
—
—
Des Moines Camping Clu Cuttys
—
Deed Of Trust
related
$3,000 · Melvin & Kay Voshell
—
—
Des Moines Camping Clu Cuttys
—
Deed Of Trust
related
$3,000 · Dewayne & Mary Knoshaug
—
—
Des Moines Camping Clu Cuttys
—
Deed Of Trust
related
$3,000 · David & Barbara Murtha
—
—
Des Moines Camping Clu Cuttys
—
Deed Of Trust
related
$3,000 · Marion & Janice Sinclair
—
—
Des Moines Camping Clu Cuttys
—
Deed Of Trust
related
$3,000 · Harold Standing
—
—
Des Moines Camping Clu Cuttys
—
Deed Of Trust
related
$6,000 · Nelson Lisa D Living Tr (pt)
—
—
Des Moines Camping Clu Cuttys
—
Deed Of Trust
related
$3,000 · Ronald & Joyce Gould
—
—
Des Moines Camping Clu Cuttys
—
Deed Of Trust
related
$6,000 · James & Nancy Oliver
—
—
Des Moines Camping Clu Cuttys
—
Deed Of Trust
related
$1,500 · E H & M M Ruhde
—
—
Des Moines Camping Clu Cuttys
—
Deed Of Trust
related
$3,000 · Joann Hamel
—
—
Des Moines Camping Clu Cuttys
—
Deed Of Trust
related
$3,000 · Orlando & Beatrice Brewer
—
—
Des Moines Camping Clu Cuttys
—
Deed Of Trust
related
$6,000 · Dale & Evelyn Baarda
—
—
Des Moines Camping Clu Cuttys
—
Deed Of Trust
related
$15,000 · Wendell & Marlene Fouche
—
—
Des Moines Camping Clu Cuttys
—
Deed Of Trust
related
$3,000 · Ron & Susan Edwards
—
—
Des Moines Camping Clu Cuttys
—
Deed Of Trust
related
$6,000 · Norman & Beverly Kuddes
—
—
Des Moines Camping Clu Cuttys
—
Deed Of Trust
related
$6,000 · Dan & Karla Mitchell
—
—
Des Moines Camping Clu Cuttys
—
Deed Of Trust
related
$3,000 · Maxine Robinson
—
—
Des Moines Camping Clu Cuttys
—
Deed Of Trust
related
$18,000 · Max & Jeanette Boderman
—
—
Des Moines Camping Clu Cuttys
—
Deed Of Trust
related
$3,000 · Jerry & Judy Lollman
—
—
Des Moines Camping Clu Cuttys
—
Deed Of Trust
related
$3,000 · Bob & Joan Noftsger
—
—
Des Moines Camping Clu Cuttys
—
Deed Of Trust
related
$3,000 · Betty Evans
—
—
Des Moines Camping Clu Cuttys
—
Deed Of Trust
related
$6,000 · Robert & Connie Safley
—
—
Des Moines Camping Clu Cuttys
—
Deed Of Trust
related
$6,000 · Susan Hayes
—
—
Des Moines Camping Clu Cuttys
—
Deed Of Trust
related
$3,000 · Wilfred & Joann Hamel
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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