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Property profile & analytics
OFF-MARKET
Estimated value
$1,220,000
Investment properties
3700 Beisser Dr, Grimes, IA 50111-5056
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US25-0172175
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2004
Construction
FRAME
Total area
5,400 SF
Lot
2.13 ac (92,826 SF)
Zoning code
M-3
APN
311/00305-428-001
UPID
US25-0172175
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
$1.32M
CAP Approach
CAP
$820k
Comparable Approach
Comparable
$930k
Blend (final)
Blend
$1.22M
Owner & transaction history
3700 Beisser LLC · 6 yrs held
3700 Beisser LLC
since 2020
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
M-3 · Grimes, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$930,000
+26.9%
Auto repair, garage
$840,000
+14.5%
Apartment house (5+ units)
$815,000
+11.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Grimes submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grimes submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,500,000
ML approach
$1,320,000
CAP Approach
CAP Return
Estimation
6%
$890,000
6.5%
$820,000
7%
$765,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$735,000
Current use
RESTAURANT
$930,000
Change: +27% · Conversion: Difficult
AUTO REPAIR, GARAGE
$840,000
Change: +14% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$815,000
Change: +12% · Conversion: Moderate
MEDICAL BUILDING
$815,000
Change: +11% · Conversion: Easy
Blend value · Realmo final
$1.22M
Range $1.10M – $1.34M · ±10% · vs last sale $1.30M (Apr 3 2020)
Last sale anchor
$1.30M
Apr 3 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$226 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$23,024
Tax year 2020
Assessed value
$1,100,000
Assessed 2023
Previous assessed
$1,100,000
+0.0% YoY
Effective rate
2.09%
On assessed value
Assessed land
$295,000
Assessed improvement
$805,000
Land market value
$295,000
Improvement market value
$805,000
Total market value
$1,100,000
Applied tax rate
12.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2004
Construction
FRAME
Heating
NONE
Buildings
2
Stories
1
Total area
5,400 SF
Lot
2.13 ac (92,826 SF)
Zoning code
M-3
APN
311/00305-428-001
UPID
US25-0172175
Jurisdiction
POLK
Zoning & alternative use
M-3 · Grimes, IA
Zoning M-3 · permitted uses
M-3 · Grimes, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Grimes. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$735,000
RESTAURANT
Est. value
$930,000
AUTO REPAIR, GARAGE
Est. value
$840,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$815,000
MEDICAL BUILDING
Est. value
$815,000
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2004
Construction
FRAME
Heating
NONE
Stories
1
Buildings
2
Lot
2.13 ac
Current owner
From public records · entity-resolved
3700 Beisser LLC
Entity
Mailing address
7300 WESTOWN PKWY STE #310, WEST DES MOINES, IA 50266-2527
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2026
—
Penta Partners LLC
—
Deed
related
$373,729 · Northwest Bank
Aug 14, 2020
—
Penta Ptrs LLC
—
Deed
related
$195,000 · Dfl
Aug 3, 2020
—
Penta Ptrs LLC
—
Deed
related
$1,105,000 · Northwest Bk
Apr 3, 2020
$1,240,000
3700 Beisser LLC
Lindsey R/e Lc
Grant Deed
—
Apr 3, 2020
$1,300,000
Penta Ptrs LLC
3700 Beisser LLC
Warranty Deed
$1,300,000 · Available Not
May 3, 2005
—
Lindsey Real Estate Lc
—
Trustees Deed
related
$48,750 · State Savings Bank
Jul 9, 2004
—
Lindsey Real Estate Lc
—
Trustees Deed
related
$532,500 · State Savings Bank
—
—
Penta Ptrs LLC
—
Deed Of Trust
related
$1,105,000 · Northwest Bk
—
—
Penta Ptrs LLC
—
Deed Of Trust
related
$195,000 · Dfl
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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