Add Listing
    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

    1105 Douglas Pkwy Waukee, IA 50263

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime Waukee development land, 3.45 acres.

    Property Features for 1105 Douglas Pkwy

    General Information

    Property type
    Land
    Lot Size
    150,282 SF

    We can help!

    Listing Contact
    Ajdin Nadarevic
    Ajdin Nadarevic

    Listing Agency: CBRE Des Moines Listing Agent: Ajdin Nadarevic

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 3.45-acre commercial land parcel presents a unique investment opportunity in the thriving city of Waukee, Iowa. Located at 1105 NE Douglas Parkway, this property boasts a highly desirable location within Dallas County, zip code 50263, positioned for significant future growth. The asking price is $1,500,000. This expansive lot offers the potential for subdivision into parcels as small as 1.2 acres, providing flexibility for various development projects. The property benefits from excellent visibility and accessibility, with a high daily traffic volume of 5,184 vehicles per day on nearby NE Alice's Road. Its strategic location places it directly in the path of Waukee's anticipated future expansion, promising substantial long-term value appreciation. This is an exceptional opportunity for developers seeking a prime location to capitalize on Waukee's robust economic growth and burgeoning commercial sector. The property is classified as commercial land and is ready for immediate development. Detailed site plans and further information are available upon request. Don't miss this chance to secure a piece of Waukee's promising future.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Waukee
    County
    Dallas
    State
    Iowa
    Longitude
    -93.8521298
    Latitude
    41.6297985

    Nearby Similar for Sale

    • $6,350,000

      Medical Office Investment Opportunity

      Medical office investment in Waukee, Iowa with long-term NNN lease.
      40 E Hickman Rd, 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
      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
    • Contact for pricing
      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
    • 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
    • Contact for pricing
      12,180 SF

      Waukee Brewery: Turnkey Opportunity

      Award-winning brewery, prime location, immediate operation.
      255 Sunrise Dr, Waukee, IA 50263
      View Details
    • Contact for pricing
      1,430 SF

      Retail Space with Drive-Thru Potential

      New construction retail space with excellent visibility and ample parking.
      NW Yorktown Dr, Waukee, IA
      View Details
    • $250,000
      1,500 SF

      Waukee Flex Space - Des Moines Metro

      1,500 sq ft Garage Condo - Prime Location
      1575 Gettysburg Ln, Waukee, IA 50263
      View Details
    • $215,000
      1,200 SF

      Waukee Flex Space Condo - $215K

      1200 sq ft flex space, vacant, Iowa.
      1585 Gettysburg Ln, Waukee, IA 50263
      View Details
    • $250,000
      1,500 SF

      Waukee Flex Warehouse Condo

      Luxury 1500 sq ft flex space, vacant.
      1575 Gettysburg Ln, Waukee, IA 50263
      View Details
    • Contact for pricing
      2,700 SF

      Waukee Commercial Space - Great Potential

      Spacious 2,731 sq ft commercial building. Ideal for various uses.
      250 4Th St, Waukee, IA 50263
      View Details

    FAQs

    What type of property is this?
    Land - Prime Waukee development land, 3.45 acres.
    Where is this land located?
    The property is located at 1105 Douglas Pkwy Waukee, IA.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: 1.2-acre subdivision potential.; 5,184 vehicles per day (VPD) on NE Alice's Road.; Prime location poised for future development.
    (515) 221-6684 Call to check price and availability
    Request Owner's contact information
    1105 Douglas Pkwy 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.
    1105 Douglas Pkwy
    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
    1105 Douglas Pkwy 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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Ajdin Nadarevic
    Ajdin Nadarevic
    Real Estate License ID: F03815000
    (515) 221-6684 (844) 585-7646
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!