Grimes, IA
Commercial Real Estate Market Trends & Data

$247 Avg asking sale price
$15 Avg asking lease rate
26,394 SF Avg unit lease size
19,782 SF Avg building size for sale
6.21% Average cap rate

Grimes's Demographic Profile

Grimes has 6,326 households and a median income of $96,899, providing context for rent absorption and tenant demand across retail and multifamily assets. A +7% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 16,953
# Households 6,326
Median age 35
Median household income $96,899
Avg household size 3.0
Renter-occupied housing units 1,651
5-year population change +7%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Grimes, IA

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Grimes $245 19,097 SF 7.50%
Urbandale $189 22,981 SF 7.50%
Johnston $187 18,308 SF 2.84%
Clive $239 30,507 SF 11.80%
Windsor Heights $168 13,915 SF 7.83%
Nearby Retail Markets Avg Cost/SF Typical Size
Grimes $405 12,809 SF
Urbandale $389 20,345 SF
Johnston $223 18,454 SF
Clive $637 8,916 SF
Windsor Heights $158 3,000 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Urbandale $145 5,016 SF 9.08%
Johnston $108 21,224 SF 9.08%
Clive $105 8,806 SF 7.57%
Saylorville $659 4,636 SF 6.50%

Commercial Properties For Sale in Grimes

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

1821 SE Miehe Dr

Grimes, IA 50111

  • 11,000 SF Industrial Building
  • $1,650,000
For Sale

8831 Windsor Pky

Johnston, IA 50131

  • 7,459 SF Office Building
  • $2,285,000
For Sale

2660 100th St

Urbandale, IA 50322

  • 5,000 SF Industrial Building
  • $1,250,000
For Sale

250th Steet & U Ave

Dallas Center, IA 50063

  • 37 AC Lot
  • 1 Residential Income Lot
  • $1,406,000
For Sale

2680 Berkshire Pky

Des Moines, IA 50325

  • 18,823 SF Office Building
  • 7.50% Cap Rate
  • $3,757,600
For Sale

Shadow Creek Heights Land

Clive, IA 50325

  • 26.86 AC Lot
  • 1 Residential Income Lot
  • $2,700,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Grimes pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Grimes $247 19,782 SF
Urbandale $219 24,197 SF
Johnston $180 15,055 SF
Clive $234 27,018 SF
Granger $58 22,425 SF

Regional Demographic Comparison

This comparison places Grimes alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Grimes or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Grimes 16,953 6,326 35 $96,899 3 1,651 7%
Urbandale 45,168 17,548 41 $100,011 3 3,860 7%
Johnston 24,281 9,378 38 $99,189 3 3,237 3%
Clive 19,730 7,346 40 $114,739 3 1,833 10%
Granger 2,030 736 40 $109,752 3 77 17%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Grimes, IA and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Grimes

View All Commercial Real Estate For Sale in Grimes
Is Grimes a good market for a first-time commercial real estate investor?

Grimes offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Grimes?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Grimes. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Grimes?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Grimes. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Grimes compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Grimes. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Grimes acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Grimes, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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