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Property profile & analytics
OFF-MARKET Estimated value $1,060,000
Investment properties

551 Dovetail Rd Grimes, IA 50111-4748

6,112 SF 1.32 ac lot Built 2004
Entity Owned 21-yr Hold ~ Est. High Equity
Property ID
US25-0340170
Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 2004
Construction STEEL FRAME
Total area 6,112 SF
Lot 1.32 ac (57,456 SF)
Zoning code R-3
APN 311/00305-550-209
UPID US25-0340170
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
$930k
Comparable Approach Comparable
$1.05M
Blend (final) Blend
$1.06M
Owner & transaction history
Special Olympics Iowa INC
Special Olympics Iowa INC
1 recorded transaction
1969
Price N/A
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 $1.1M +26.9%
Auto repair, garage $950,000 +14.5%
Apartment house (5+ units) $925,000 +11.6%
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