Property profile

480 Gtwy Dr Grimes, IA 50111

OFF-MARKET
Retail space
Property ID
US25-0382918
10,000 SF 1.51 ac lot Built 2020
Individually Owned 5-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2020
Construction FRAME
Total area 10,000 SF
Lot 1.51 ac (65,993 SF)
APN 311/00305-550-108
UPID US25-0382918

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Discount Store

Location

480 Gtwy Dr Grimes, IA 50111
Grimes metro Census 11303 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.74M
CAP Approach CAP
$1.42M
Comparable Approach Comparable
$1.62M
Blend (final) Blend
$1.75M

Owner & transaction history

since 2021
Last sale
$1.8M
5 recorded transactions
2021
Price N/A
2021
$1.8M
2020
Price N/A
2020
Price N/A
2013
Price N/A

Zoning & alternative use

Top alternative use upside
Restaurant $1.7M +47.6%
Auto repair, garage $1.6M +33.1%
Apartment house (5+ units) $1.5M +29.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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