Property profile

3300 Xrds Dr Grimes, IA 50111

OFF-MARKET
Retail space
Property ID
US25-0300619
11,500 SF 2.29 ac lot Built 2017
Entity Owned Free & Clear
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2017
Construction STEEL FRAME
Total area 11,500 SF
Lot 2.29 ac (99,970 SF)
APN 311/00580-100-001
UPID US25-0300619

Cap rate & NOI

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

Location

3300 Xrds Dr Grimes, IA 50111-4870
Grimes metro Census 11303 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.63M
Comparable Approach Comparable
$1.56M
Blend (final) Blend
$1.41M

Owner & transaction history

Zoning & alternative use

Top alternative use upside
Restaurant $2.0M +47.6%
Auto repair, garage $1.8M +33.1%
Apartment house (5+ units) $1.7M +29.8%

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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