Property profile

251 Cypress Dr Grimes, IA 50111

OFF-MARKET
Drive through restaurants
Property ID
US25-0050114
6,478 SF 1.1 ac lot Built 2022
Entity Owned 4-yr Hold Free & Clear
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Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 2022
Construction STEEL FRAME
Total area 6,478 SF
Lot 1.1 ac (48,090 SF)
APN 311/00305-730-529
UPID US25-0050114

Cap rate & NOI

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

Location

251 Cypress Dr Grimes, IA 50111-2378
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
$615k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.07M
Blend (final) Blend
$760k

Owner & transaction history

since 2021
Last sale
$793,500
1 recorded transaction
2021
$793,500

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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