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Property profile & analytics
OFF-MARKET
Warehouses

775 37th St Grimes, IA 50111-5163

5,100 SF 1.95 ac lot Built 2011
Individually Owned 8-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US25-0679769
Property profile
Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 2011
Construction STEEL FRAME
Total area 5,100 SF
Lot 1.95 ac (84,857 SF)
Zoning code M-2
APN 311/00305-580-031
UPID US25-0679769
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
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Tkg III Grimes L L C · 8 yrs held
Tkg III Grimes L L C
since 2018
3 recorded transactions
2018
$2.6M
2018
Price N/A
2017
Price N/A
Zoning & alternative use
M-2 · Grimes, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

12-10-3 M-2 District Regulations 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 Inter…

Zone name Light Industrial District
General category INDUSTRIAL
Zone area 281.76 ac
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