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Property profile & analytics
OFF-MARKET
Warehouses

3301 Destination Dr Grimes, IA 50111-5248

7,800 SF 2.63 ac lot Built 2019
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US25-0377754
Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2019
Construction STEEL FRAME
Total area 7,800 SF
Lot 2.63 ac (114,726 SF)
Zoning code M-2
APN 311/00304-460-205
UPID US25-0377754
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
3301 & 3401 Se Destination LLC · 7 yrs held
3301 & 3401 Se Destination LLC
since 2018
7 recorded transactions
2022
Price N/A
2022
Price N/A
2020
Price N/A
2019
Price N/A
2018
$166,500
2017
$208,000
2013
$112,500
Zoning & alternative use
M-2 · Grimes, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

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 District (Continued) 12-11-2 Transportation Corridor Mixed Use Development Overlay District 12-12 Bulk Regulations 12-12-1 Bulk Regulations Table 12-12-2 Inter…

Zone name Light Industrial District
General category INDUSTRIAL
Zone area 281.76 ac
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