Property profile

2581 1st St Grimes, IA 50111

OFF-MARKET
Retail properties & Spaces
Property ID
US25-0050108
5,260 SF 1 ac lot Built 2021
Entity Owned 1-yr Hold Free & Clear
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Property profile

Verified
Property type Retail properties & Spaces
Use group SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built 2021
Construction FRAME
Total area 5,260 SF
Lot 1 ac (43,560 SF)
APN 311/00304-710-016
UPID US25-0050108

Cap rate & NOI

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

Location

2581 1st St Grimes, IA 50111-7610
Grimes metro Census 11405 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$650k

Owner & transaction history

since 2024
Last sale
$3.0M
3 recorded transactions
2024
$3.0M
2021
Price N/A
2021
$675,000

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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