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Property profile & analytics
OFF-MARKET Estimated value $1,340,000
Strip malls

250 Destination Dr Grimes, IA 50111-8902

13,263 SF 1.49 ac lot Built 2012
Entity Owned 13-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US25-0263331
Property summary
AI-generated overview

This exceptional 1,182 square foot retail space is situated within a thriving 13,263 square foot, Class A retail center at 250 SE Destination Dr, Grimes, IA 50111. Built in 2012, the property boasts a total of nine suites, offering a diverse tenant mix. The available space is part of a larger, multi-tenant building and is conveniently located in Grimes' bustling retail corridor, benefiting from high visibility and significant foot traffic. The property sits on a 1.485-acre lot and is shadow-anchored by a Walmart, ensuring consistent customer flow. This space presents a unique opportunity for businesses seeking a prime location in a rapidly growing market. The minimum divisible space is 1,182 square feet, and the maximum contiguous space available is also 1,182 square feet. The property's APN is 01401-011-000. This is an excellent opportunity for a business seeking high visibility and access to a strong customer base in a thriving Iowa community. The property offers a modern and well-maintained environment, ideal for a variety of retail uses. Contact us today to learn more about this exceptional retail opportunity.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2012
Construction STEEL FRAME
Total area 13,263 SF
Lot 1.49 ac (64,687 SF)
Zoning code C-2
APN 311/01401-011-000
UPID US25-0263331
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
$1.34M
Owner & transaction history
UNPLUGGED WIRELESS LLC
UNPLUGGED WIRELESS LLC
Zoning & alternative use
C-2 · Grimes, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

12-9-2 C-2 District Regulations 12-9-3 C-3 District Regulations 12-10 Industrial Districts 12-10-1 M-1 District Regulations 12-10-2 M-1A District Regulations 12-10-3 M-2 District Regulations 12-10-4 M-3 District Regulations 12-11 Overlay Districts 12-11-1 Highway 141 Mixed Use Development Corridor District 12-11-1 Highway 141 Mixed Use Development Corridor D…

Zone name Commercial District
General category COMMERCIAL
Zone area 486.21 ac
Top alternative use upside
Auto repair, garage $2.1M +57.5%
Apartment house (5+ units) $2.0M +53.6%
Medical building $2.0M +53.1%
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