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Grimes, IA Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Grimes, Iowa Market population: 9K. Explore income-producing properties with verified cap rates and operating...

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11 properties found
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Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code

$1,200,000
Oakland Multifamily

Discover a compelling real estate investment in the vibrant city of Oakland, California. This property at 5476 Vicente W...

Cap Rate 2.70%
NOI $32,400
Size 1,800 SF

📊 Avg Property Tax Rate For Grimes IA Properties: 1.7000%

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High-Cap-Rate Value-Add Multifamily Investment in Oakland

$2,299,999
Oakland Multifamily

Discover a compelling value-add opportunity in Oakland’s vibrant real estate market. This six-unit multifamily propert...

Cap Rate 7.97%
NOI $183,323
Size 6,104 SF

Investor Questions For Grimes IA

Common questions from investors exploring commercial real estate in Grimes IA.

What's the overall investment outlook for Grimes, IA, considering its demographics and economy? +
Grimes, IA, with a population of 8,677 and a median age of 34.6, presents a stable investment environment, bolstered by a median household income of $66,763 and a low poverty rate of 4.8%, indicating a strong, working-class market with good employment stability, further supported by its diverse top industries including Professional, Scientific, & Management, and Finance & Insurance.
How does the ethnic diversity and industry mix in Grimes impact real estate demand? +
The ethnic diversity, led by White (47.9%) and White Non-Hispanic (46.5%) populations, combined with a mix of industries such as Agriculture, Forestry, Fishing & Hunting, & Mining, and Finance & Insurance, suggests a broad base of potential renters and buyers, contributing to a stable demand for real estate, especially considering the low poverty rate of 4.8% and high health insurance coverage of 95.8%.
What are the implications of Grimes' commute times and health insurance rates for real estate investors? +
The average commute time of 17.8 minutes, among the lowest, and the high health insurance coverage rate of 95.8%, indicate a market with good quality of life, suggesting that residents are likely to have stable employment and healthcare, making them reliable tenants or buyers, which is further reinforced by the low poverty rate and diverse economy.
How does the income inequality and homeownership rate in Grimes affect the rental market? +
With a GINI coefficient of 0.346, indicating moderate income inequality, and a high homeownership rate of 73.0%, Grimes' rental market may be influenced by a mix of renters by choice and necessity, suggesting potential for stable rental yields, especially when considering the median property value of $165,800 and the employed population of 4,986.
What insights do the top commute methods and median property taxes offer for investors in Grimes? +
The prevalence of driving alone, working from home, and carpooling as top commute methods, alongside a relatively short average commute time, points to a flexible and possibly growing workforce, while the median property taxes of $2,822, in the context of a median property value of $165,800, suggest manageable holding costs for investors, making Grimes an attractive location for real estate investment, particularly with its diverse industries and low poverty rate.

Grimes IA Real Estate & City Facts

Key facts and real estate information about Grimes IA.

What are some of the best neighborhoods to live in Grimes? +
Some of the best neighborhoods to live in Grimes include South Prairie, which is known for its peaceful and well-maintained environment, and the north parts of the city, which tend to be more desirable and have higher median house prices. Other safe and affordable neighborhoods in Grimes include those near the greenbelt trail, which offers easy access to outdoor activities.
What are some fun things to do in Grimes? +
Grimes has a variety of fun things to do, including visiting the Old School Pinball & Arcade, playing trampoline games at Sky Zone Trampoline Park, and racing at M2B Raceway or K1 Speed Des Moines. You can also explore the great outdoors at Waterworks Park or visit the Des Moines area for more attractions and activities.
What is the food scene like in Grimes? +
The food scene in Grimes is diverse and offers a range of options, from casual eateries like Uptown Bar & Grill and Food Depot to more upscale restaurants like Destination Grille, which serves premium steaks and has a rooftop terrace. There are also plenty of great food trucks and Asian cuisine options available in the area.
What are the pros and cons of living in Grimes? +
The pros of living in Grimes include its safe and affordable neighborhoods, easy access to outdoor activities, and a growing community with new businesses and families. However, some cons include the limited number of job opportunities in the area, which may require commuting to Des Moines, and the need for more diverse dining and entertainment options.
Is Grimes a good place to live? +
Overall, Grimes is a great place to live, offering a unique blend of small-town charm and big-city amenities. Its safe and affordable neighborhoods, outdoor recreational opportunities, and growing community make it an attractive option for families and individuals looking for a high quality of life. While it may have some limitations, Grimes is definitely worth considering for those who want to experience the best of both worlds.
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Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal

$2,299,999
Oakland Apartment Building

Presenting a high-yield investment opportunity at 5476 Vicente Way in Oakland's sought-after Temescal neighborhood. This...

Cap Rate 7.97%
NOI $183,300
Size 0 SF

📊 Average Income For Grimes IA Commercial Property: $66,763

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Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal

$2,299,999
Oakland Multifamily

Discover a compelling investment opportunity at 5476 Vicente Way in Oakland's vibrant Temescal neighborhood. This well-m...

Cap Rate 7.97%
NOI $183,324
Size 0 SF
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Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA

$1,750,000
San Fernando Multifamily

Presenting a compelling value-add opportunity in the heart of San Fernando, California, this 8-unit multifamily property...

Cap Rate 6.66%
NOI $116,550
Size 5,040 SF
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Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate

$30,000,000
Valley Village Multifamily

Discover a prime multifamily investment opportunity in the desirable Valley Village neighborhood of Los Angeles County....

Cap Rate 3.39%
NOI $1,017,000
Size 52,393 SF
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Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate

$1,275,000
San Fernando Multifamily

Discover a compelling multifamily investment in the heart of San Fernando, California. This 5-unit apartment property, p...

Cap Rate 7.76%
NOI $98,945
Size 10,888 SF
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Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset

$1,375,000
Philadelphia Multifamily

Discover a prime investment opportunity at 1531 Green St in Philadelphia, PA, a dynamic multifamily property offering co...

Cap Rate %
NOI $0
Size 6,624 SF
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Prime 15-Unit Multifamily Investment in Heart of San Francisco

$4,895,000
San Francisco Multifamily

Discover a prime multifamily investment in the heart of San Francisco's vibrant 94103 zip code. This 15-unit mid-rise pr...

Cap Rate %
NOI $0
Size 8,225 SF
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7-Unit Multifamily Value-Add Opportunity in Long Beach with 7% Cap Rate

$2,100,000
Long Beach Multifamily

Discover a compelling value-add opportunity in the heart of Long Beach, California. This 7-unit multifamily property, lo...

Cap Rate 7.00%
NOI $144,960
Size 6,074 SF
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Prime Arcata Multifamily Value-Add: 126-Unit Garden Apartment with 8.67% Cap Rate

$12,750,000
Arcata Multifamily

Presenting a compelling value-add investment in the vibrant city of Arcata, California. This 126-unit garden-style apart...

Cap Rate 8.67%
NOI $99,999
Size 87,484 SF
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