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Property profile & analytics
OFF-MARKET Estimated value $1,860,000
Grocery and convenience stores

351 Gtwy Dr Grimes, IA 50111-2260

22,338 SF 3.86 ac lot Built 1998
Individually Owned Free & Clear
Property ID
US25-0262059
Property profile
Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1998
Construction STEEL FRAME
Total area 22,338 SF
Lot 3.86 ac (168,098 SF)
Zoning code C-2
APN 311/00305-550-041
UPID US25-0262059
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
$2.22M
Blend (final) Blend
$1.86M
Owner & transaction history
Goodwill Industries Of Central Iowa
Goodwill Industries Of Central Iowa
since 2026
2 recorded transactions
2026
$954,000
2020
$398,000
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
Top alternative use upside
Commercial (general) $3.0M +16.3%
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