Property profile

751 Gtwy Dr Grimes, IA 50111

OFF-MARKET
Retail space
Property ID
US25-2337239
7,936 SF 1.51 ac lot Built 2018
Entity Owned 6-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2018
Construction STEEL FRAME
Total area 7,936 SF
Lot 1.51 ac (65,558 SF)
APN 311/00305-571-111
UPID US25-2337239

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
  • Electric Vehicle Charging Station
  • Garden Center

Location

751 Gtwy Dr Grimes, IA 50111-1268
Grimes metro Census 11302 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.13M
Comparable Approach Comparable
$1.39M
Blend (final) Blend
$1.17M

Owner & transaction history

Zoning & alternative use

Top alternative use upside
Restaurant $1.4M +47.6%
Auto repair, garage $1.2M +33.1%
Apartment house (5+ units) $1.2M +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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