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    Property profile & analytics

    3800 Beisser Dr Grimes, IA 50111

    • Flex space
    • 9,375 SF
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US25-0207124
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Flex space

    Property Details for 3800 Beisser Dr

    Property size
    9,375 SF
    Property type
    Flex space

    Description

    This exceptional 9,375-square-foot Class A flex building in Grimes, Iowa, offers a prime opportunity for businesses seeking versatile space. Located just 1.2 miles northwest of the intersection of Interstates 80/35 and Highway 141, this property boasts an enviable location with easy access to major transportation routes. The building features four suites, with two remaining available. Suites 120 and 130 are currently in shell condition, providing maximum flexibility for tenant build-outs, and can be combined to create a larger contiguous space up to 9,375 square feet. A generous tenant improvement allowance is available to assist with customization. The building itself is newly constructed and offers a 14-foot ceiling height, providing ample vertical space. The property sits on a 46,478-square-foot lot and includes 28 parking spaces and four convenient drive-in bays. The building is zoned M-3 (Heavy Industrial District) in Polk County, and the power supply is 800A 120/240V single phase. Minimum divisible space is 2,300 square feet. This property presents a rare opportunity to secure high-quality flex space in a thriving location with excellent accessibility and customization options.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Grimes
    County
    Polk
    State
    Iowa
    Longitude
    -93.7846665
    Latitude
    41.6572579

    Comparable in this City

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      2,300 SF

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      3800 SE Beisser Dr, Grimes, IA 50111
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      10,000 SF

      Retail/Flex Space in Grimes, Iowa

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      7,500 SF

      Grimes Industrial Space for Lease

      Industrial and warehouse spaces available in Grimes, Iowa.
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      Modern Office Space Available

      Contemporary office space in a growing Des Moines community.
      255 Southwest Brookside Dr, Grimes, IA 50111
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    • $5 SF/Yr
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      Prairie Business Park III: Grimes, IA

      Modern Manufacturing Space Available
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    Similar Nearby for Sale

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    Similar Nearby for Lease

    • Contact for pricing
      2,300 SF

      New Flex Building Suite Available

      Shell condition suite in new flex building, convenient location.
      3800 SE Beisser Dr, Grimes, IA 50111
      View Details
    • Contact for pricing
      7,500 SF

      Grimes Industrial Space for Lease

      Industrial and warehouse spaces available in Grimes, Iowa.
      1400 SE 19Th St, Grimes, IA 50111
      View Details
    • Contact for pricing
      270,192 SF

      Rider Logistics Center: Grimes, IA

      Modern Flex/Warehouse Space Available
      3901 Park St, Grimes, IA 50111
      View Details
    • Contact for pricing
      10,000 SF

      Retail/Flex Space in Grimes, Iowa

      Up to 10,000 sqft retail/flex space for lease.
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      Modern Office Space Available

      Contemporary office space in a growing Des Moines community.
      255 Southwest Brookside Dr, Grimes, IA 50111
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    • Contact for pricing
      27,000 SF

      Sublease Opportunity in Grimes, Iowa

      Sublease available until August 2027 in a prime Grimes location.
      3100 SE Grimes Blvd, Grimes, IA 50111
      View Details
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    Grimes, IA 50111
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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