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    University Ave Des Moines, IA 50327

    Sponsored
    For Sale
    $1,700,000

    7.09 Acres, High Visibility, $1.7M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 7.09-acre commercial land parcel presents a remarkable investment opportunity in the thriving city of Pleasant Hill, Iowa. Strategically located at the intersection of US Highway 65 bypass and Iowa Highway 163 (E. University Avenue), this property boasts unparalleled visibility and accessibility. The C2 zoning permits a wide range of commercial uses, making it ideal for retail establishments, office spaces, or other businesses seeking a high-traffic location. Pleasant Hill's robust development environment ensures strong potential for future growth and appreciation. The expansive lot size offers ample space for development, allowing for flexibility in design and construction. This prime location provides easy access to major transportation routes, ensuring convenient commutes for employees and customers alike. The asking price is $1,700,000. This is a rare opportunity to acquire a significant commercial land parcel in a desirable and rapidly developing area. Don't miss out on this chance to secure a prominent position in the heart of Pleasant Hill's commercial corridor. The property is situated in Polk County, Iowa, with a zip code of 50327.

    Property Features for 0 University Ave

    General Information

    Property type
    Land
    Lot Size
    308,840 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.5525254
    Latitude
    41.6004907

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    FAQs

    What type of property is this?
    Land - 7.09 Acres, High Visibility, $1.7M
    Where is this land located?
    The property is located at University Ave Des Moines, IA.
    What is the asking price?
    The asking price for this property is $1,700,000.
    (515) 460-0624
    Request Owner's contact information
    University Ave Des Moines, IA 50327
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    Realmo Value Estimation

    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.

    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.

    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
    University Ave Des Moines, IA 50327
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