Realmo Analytics

Unlock property reports, ownership, financials, or compile property list owners likely to sell.

Property profile

270 W 1St St Grimes, IA 50111

FOR LEASE
Strip malls
Property ID
US25-0387110
5,760 SF 1.44 ac lot Built 1994
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2020

What does the county charge?
$26k
Tax billed · 2020
Assessed value · 2023$940k
Assessed land$172k
Assessed improvement$768k
Effective rate2.73%

Value estimate

· Oct 2026
$545k
$491k – $600k
Submarket $/SF estimate$656k
NOI build-up
Gross scheduled income$21k
Vacancy & credit loss−$2k
Operating expenses−$6k
NOI · 88,540.00% cap applied$13k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$99/SF
County average, outlier-cleaned · 59 recorded sales of this use type
Observed band · Q1–Q3$47 – $152
Qualifying comparables5

Cap rate analysis

How does the asset earn?
88,540.00%
$13k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C-2
The C-2 General andHighwayService Commercial District is intended to provide for general commercial areas outside of the central business...
General categoryCOMMERCIAL
JurisdictionPOLK

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency15.2
Law Firm14.1
Hair Salon12.3

Location

270 W 1St St Grimes, IA 50111
County assessor Recorded deeds · 1 transfer 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

5 recorded sales · 12 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1101 1st St, Grimes, IA 50111-4945 $5,250,000 Mar 2023 No data
12671 Meredith, Grimes, IA 50111 $1,998,000 Dec 2021 11,700 SF
1220 Sta, Grimes, IA 50111-8013 $1,589,840 Dec 2020 52,959 SF
200 Gtwy, Grimes, IA 50111-2182 $1,800,000 Dec 2019 16,920 SF
3600 Xrds, Grimes, IA 50111-5048 $40,000 May 2019 9,800 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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