825 NE Gateway Dr Grimes, IA 50111
For Sale
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Hope Plaza II, a brand-new 21,238 square foot retail strip center in Grimes, Iowa, presents a unique investment or leasing opportunity. Located at 825 NE Gateway Dr, 50111, this property boasts a prime location off heavily trafficked Highway 141, directly east of the GrimesPlex, a 50-acre multi-sport complex. The center features six individual suites, ranging from 1,608 to 1,612 contiguous square feet, with 9,668 square feet currently available. Built in 2022, this property sits on a 3.12-acre lot in Polk County. Hope Plaza II benefits from its proximity to the burgeoning Hope District, a 200-acre mixed-use development currently under construction, which will include retail, restaurants, and hotels, ensuring significant future growth and increased foot traffic. The property is available for both lease and sale, offering flexibility for potential buyers and tenants. This is an exceptional opportunity to establish a presence in a rapidly developing area with high visibility and strong potential for return on investment. The minimum divisible space is 1,608 square feet. This modern, well-situated retail center is ready for immediate occupancy.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.