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Property profile & analytics
OFF-MARKET
Estimated value
$875,000
Investment properties
4325 Beisser Dr, Grimes, IA 50111-4972
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0265769
Property summary
AI-generated overview
This exceptional 6,240-square-foot single-tenant office and flex space is ideally located in Grimes, Iowa, within Polk County. Built in 2004, the property sits on a two-acre lot and offers ample space for a variety of business needs. The building features a generous 16-foot ceiling height and robust power capabilities, including 600 amp, 208, 277/480 volt, 3-phase service. The property's heavy industrial zoning allows for diverse uses, enhancing its versatility. Beyond the main building, the property includes a fenced, one-acre-plus outdoor storage area, complemented by a 1,250-square-foot hoop building, providing additional storage or workspace options. Its convenient location, just minutes northwest of the intersection of Highway 141 and Interstate 35 (Rider Corner), ensures easy access to major transportation routes. This standalone building presents a unique opportunity for businesses seeking a functional and well-equipped space in a desirable Grimes location. The entire 6,240 square feet is currently vacant and ready for immediate occupancy.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2004
Construction
FRAME
Total area
6,240 SF
Lot
2 ac (87,164 SF)
Zoning code
M-3
APN
311/00305-428-042
UPID
US25-0265769
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
$950k
Comparable Approach
Comparable
$938k
Blend (final)
Blend
$875k
Owner & transaction history
Emmaus Holdings LLC · 9 yrs held
Emmaus Holdings LLC
since 2016
2 recorded transactions
Zoning & alternative use
M-3 · Grimes, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.1M
+26.9%
Auto repair, garage
$970,000
+14.5%
Apartment house (5+ units)
$945,000
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,030,000
6.5%
$950,000
7%
$885,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$845,000
Current use
RESTAURANT
$1,075,000
Change: +27% · Conversion: Difficult
AUTO REPAIR, GARAGE
$970,000
Change: +14% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$945,000
Change: +12% · Conversion: Moderate
MEDICAL BUILDING
$940,000
Change: +11% · Conversion: Easy
RETAIL STORES
$730,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$875k
Range $788k – $963k · ±10%
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
$140 / 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
$16,010
Tax year 2020
Assessed value
$840,000
Assessed 2023
Previous assessed
$840,000
+0.0% YoY
Effective rate
1.91%
On assessed value
Assessed land
$276,000
Assessed improvement
$564,000
Land market value
$276,000
Improvement market value
$564,000
Total market value
$840,000
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
1
Stories
1
Total area
6,240 SF
Lot
2 ac (87,164 SF)
Zoning code
M-3
APN
311/00305-428-042
UPID
US25-0265769
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
$845,000
RESTAURANT
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$970,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$945,000
MEDICAL BUILDING
Est. value
$940,000
RETAIL STORES
Est. value
$730,000
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
RETAIL STORES
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
1
Lot
2 ac
Current owner
From public records · entity-resolved
Emmaus Holdings LLC
Entity
Mailing address
1609 AFTON RD, SYCAMORE, IL 60178-3253
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2016
—
Emmaus Holdings LLC
—
Deed
related
$515,500 · First Nat'l Bk/omaha
—
—
Emmaus Holdings LLC
—
Loan Modification
related
$515,500 · First Nat'l Bk/omaha
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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