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Property profile & analytics
OFF-MARKET
Warehouses

280 1st St Grimes, IA 50111-4918

3,600 SF 0.88 ac lot Built 1992
Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US25-0307382
Property profile
Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1992
Construction FRAME
Total area 3,600 SF
Lot 0.88 ac (38,338 SF)
Zoning code C-2
APN 311/00305-804-004
UPID US25-0307382
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
Grimes Mini Storage LLC · 8 yrs held
Grimes Mini Storage LLC
since 2018
5 recorded transactions
2018
Price N/A
2018
$463,500
2017
Price N/A
2017
Price N/A
2005
Price N/A
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
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