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Property profile & analytics
OFF-MARKET Estimated value $1,070,000
Investment properties

400 Gtwy Dr Grimes, IA 50111-8132

6,832 SF 1.59 ac lot Built 1999
Entity Owned 17-yr Hold Free & Clear
Property ID
US25-0111440
Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1999
Construction FRAME
Total area 6,832 SF
Lot 1.59 ac (69,348 SF)
Zoning code R-3
APN 311/00305-550-091
UPID US25-0111440
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
$1.04M
Comparable Approach Comparable
$1.18M
Blend (final) Blend
$1.07M
Owner & transaction history
Harmon R/e Holdings LLC · 17 yrs held
Harmon R/e Holdings LLC
since 2009
1 recorded transaction
2009
$837,000
Zoning & alternative use
R-3 · Grimes, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

12-7-5 R-3 District Regulations 12-7-6 R-3 Medium District Regulations 12-7-7 R-3 High District Regulations 12-7-8 R-5 District Regulations 12-8 PUD Regulations 12-8-1 R-4 District Regulations 12-9 Commercial Districts 12-9-1 C-1 District Regulations 12-9-2 C-2 District Regulations 12-9-3 C-3 District Regulations 12-10 Industrial Districts 12-10-1 M-1 Distri…

Zone name Multiple Family Dwelling District
General category RESIDENTIAL
Zone area 248.88 ac
Top alternative use upside
Restaurant $1.2M +26.9%
Auto repair, garage $1.1M +14.5%
Apartment house (5+ units) $1.0M +11.6%
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