Entity Owned Property summary
This exceptional Class A multifamily investment opportunity presents a stabilized 52-unit apartment building in the thriving city of Grimes, Iowa. Built between 2010 and 2011, the property comprises four two-story buildings situated on a 5.15-acre lot at 3300, 3350, 3450, and 3500 SE Glenstone Dr, Grimes, IA 50111. The unit mix includes four studios, twenty-four two-bedroom/two-bathroom units, and twenty-four three-bedroom/two-bathroom units, averaging 1,054 square feet each. With an average… unit rent of $1,218 and an average rent per square foot of $1.16, this property offers strong rental income potential. Thirty-six garages are available, renting for $80 per month. Grimes' rapid population growth, coupled with its proximity to major employers like Corteva, John Deere Financial, Amazon, FedEx, and Camp Dodge, ensures consistent demand. The property benefits from its location within the highly-rated Johnston School District and its convenient access to Highway 141 and the I-80/I-35 interchange. A wealth of retail options, including Hy-Vee, Menards, Target, The Home Depot, Walmart, Aldi, Life Time Fitness, and Homemaker's, are less than ten minutes away. The average household income within a one-mile radius is $116,813, further supporting the property's strong investment potential. This is a rare opportunity to acquire a high-performing asset in one of Iowa's fastest-growing communities.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
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 · 6 properties nearbyComparable nearby
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 13,152 SF
- Year built
- 2010
- Stories
- 2
- APN
- 311/01030-025-001
- Assessed value · 2023
- $1,350,000
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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