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Property profile & analytics
OFF-MARKET Estimated value $875,000
Investment properties

4325 Beisser Dr Grimes, IA 50111-4972

6,240 SF 2 ac lot Built 2004
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
2016
Price N/A
1969
Price N/A
Zoning & alternative use
M-3 · Grimes, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

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 District (Continued) 12-11-2 Transportation Corridor Mixed Use Development Overlay District 12-12 Bulk Regulations 12-12-1 Bulk Regulations Table 12-12-2 Internal Bulk Requirements Table 12-13…

Zone name Heavy Industrial District
General category INDUSTRIAL
Zone area 224.10 ac
Top alternative use upside
Restaurant $1.1M +26.9%
Auto repair, garage $970,000 +14.5%
Apartment house (5+ units) $945,000 +11.6%
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