Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    405 NW Woodmoor Dr Waukee, IA 50263

    Sponsored
    For Sale
    $129,900

    LAND - Waukee, IA

    Lot size:
    0.29 Acres
    Days on Market:
    26
    Last Refresh:
    Feb 5 at 7:06 am

    Property Features for 405 NW Woodmoor Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RES
    APN
    1228201005
    Lot size
    0.29 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Mary Davis
    Mary Davis

    Realty ONE Group Impact (515) 446-7524

    Listing agent Mary Davis (515) 446-7524

    Listing date Jan 11, 2026

    MLS# 728203 Listing URL

    Copyright © 2026 Des Moines Area Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Residential Land in Prairie Rose

    This 0.29-acre residential lot is located in the Prairie Rose community of Waukee, Iowa. The property is zoned for residential use and is suitable for building a home. It is a daylight lot, offering potential for a home with ample natural light. The property is located at 405 NW Woodmoor Drive in Waukee, Iowa, with a postal code of 50263, situated in Dallas County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Waukee
    County
    Dallas
    State
    Iowa
    Longitude
    -93.879933
    Latitude
    41.629149

    Nearby Similar for Sale

    • $2,250,000
      12,155 SF

      Waukee Industrial Property with Automation

      Modern industrial space with automated features and convenient highway access.
      33083 Ute Ave, Waukee, IA 50263
      View Details
    • $274,990
      1,658 SF

      Spacious Townhome in Waukee Community

      Four-bedroom townhome with modern amenities in a convenient Waukee location.
      1038 Maple St, Waukee, IA 50263
      View Details
    • $264,990
      1,658 SF

      Spacious Townhome in Waukee

      Four-bedroom townhome with modern amenities in a convenient location.
      1034 Maple St, Waukee, IA 50263
      View Details
    • $274,990
      1,658 SF

      New Townhome in Waukee

      Spacious 4-bedroom townhome with modern amenities in a prime location.
      1032 Maple St, Waukee, IA 50263
      View Details
    • $264,990
      1,658 SF

      Spacious Townhome in Waukee's Spring Crest

      Four-bedroom, 2.5-bath townhome with a two-car garage in Waukee.
      1036 Maple St, Waukee, IA 50263
      View Details
    • $246,990

      Waukee Townhome in Spring Crest

      New construction townhome with 3 bedrooms, 2.5 baths, and garage.
      1044 Maple St, Waukee, IA 50263
      View Details
    • $262,990

      New Townhome in Waukee, Iowa

      Spacious 4-bedroom townhome with modern amenities in a prime location.
      1031 Daisy Ln, Waukee, IA 50263
      View Details
    • $252,990

      Spacious Townhome in Waukee

      Four-bedroom townhome with modern amenities in a desirable Waukee location.
      1035 Daisy Ln, Waukee, IA 50263
      View Details
    • $252,990

      New Townhome in Waukee

      Spacious 4-bedroom townhome with modern amenities in a prime location.
      1033 Daisy Ln, Waukee, IA 50263
      View Details
    • Contact for pricing
      17,060 SF

      Fully Leased Storage Facility

      Income-producing storage facility with additional commercial and outdoor rental opportunities.
      33124 Ute Ave, Waukee, IA 50263
      View Details
    • Contact for pricing
      108,800 SF

      Waukee Manufacturing and Industrial Building

      108,800 SF manufacturing and light industrial building in Waukee, Iowa.
      250 NW 10Th St, Waukee, IA 50263
      View Details
    • $1,350,000
      7,400 SF

      Retail Facility in Waukee, Iowa

      Established retail facility with operational systems in place for sale.
      100 4Th St, Waukee, IA 50263
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Daylight lot available in desirable Prairie Rose community.
    Where is this residential land & home lot located?
    The property is located at 405 NW Woodmoor Dr Waukee, IA.
    What is the asking price?
    The asking price for this property is $129,900.
    What are key features of this property?
    This property features: - Daylight lot in the desirable Prairie Rose community.; - Opportunity to build a custom home with Grace Allen Homes.; - Guided design process with an architect and interior designer.
    (515) 669-8188
    Request Owner's contact information
    405 NW Woodmoor Dr Waukee, IA 50263
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    405 NW Woodmoor Dr
    Waukee, IA 50263
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    405 NW Woodmoor Dr Waukee, IA 50263
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Mary Davis
    Mary Davis
    (515) 669-8188
    Learn more
    Google sign-in failed. Please try again or use another login method.