Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Development Land Near Waukee Towne Title is generated by Realmo AI

    2400 Berkshire Pkwy, Clive, IA 50325

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    2.4 acres of development land neighboring Waukee Towne Center.

    Type:Land
    Lot size:
    2.40 Acres
    Added:
    Jul 2, 2024
    Days on Market:
    699
    Last Refresh:
    May 12 at 10:42 pm

    Property Features for 2400 Berkshire Pkwy

    General Information

    Standard status
    Active
    Lot size
    2.40 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Riley Hogan
    Riley Hogan

    Listing agent Riley Hogan License #IA F03815000

    Listing office CBRE - Des Moines

    Listing date Jul 2, 2024

    Source Crexi

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

    All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Des Moines

    HighLights

    • 2.4 acres of development land.
    • Neighbors the new 184‑unit West Light Apartment complex.
    • Adjacent to Warrior Marketplace by Hurd Realty (planned development).
    • Near the 62‑acre Waukee Towne Center development.
    • Waukee Towne Center features a new Target store under construction.
    • Located on the edge of Clive & Waukee.

    Overview

    This property features 2.4 acres of development land situated on the edge of Clive and Waukee. It is located near the new 184-unit West Light Apartment complex, estimated at $35M. The site also neighbors Warrior Marketplace by Hurd Realty, a planned development featuring big box retail and build-to-suit options, and the 62-acre Waukee Towne Center development, which includes a new Target store currently under construction.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Clive
    County
    Polk
    State
    Iowa
    Longitude
    -93.8464271
    Latitude
    41.6165116

    Nearby Similar for Sale

    • $315,000
      1,622 SF

      Clive Duplex Investment Opportunity

      Investor-ready duplex in Clive with desirable features and prime location.
      1533/1535 NW 81st Street, Clive, IA 50325
      View Details
    • $840,000

      Clive Land for Sale

      Two commercial pad sites available in Clive, Iowa.
      156th & Hickman | Clive, IA 50325
      View Details
    • $3,757,600
      18,788 SF

      Class A Office Investment Opportunity

      Class A office building in Clive, Iowa for sale.
      2680 Berkshire Parkway, Clive, IA 50325
      View Details
    • $3,150,000
      8,040 SF

      Clive Office Building For Sale

      High-visibility office building in Clive's Medical Mile.
      12119 Stratford Drive, Clive, IA 50325
      View Details
    • $3,757,600
      18,788 SF

      Class A Office Investment Opportunity

      Class A office building in Clive, Iowa for sale.
      2680 Berkshire Pkwy, Clive, IA 50325
      View Details
    • $555,500
      1 SF

      Commercial Development Land For Sale

      Commercial land in Clive with development potential and high visibility.
      1400 Block NW 86th Street, Clive, IA, 50325
      View Details
    • Contact for pricing
      1 SF

      Pad Site Ready For Development

      One acre commercial land ready for immediate development.
      12497 University Avenue, Clive, IA, 50325
      View Details
    • Contact for pricing
      1 SF

      Commercial Land Ready For Building

      Commercial land ready for building with utilities and parking.
      1457 Northwest 128th Street, Clive, IA, 50325
      View Details
    • $5,000,000
      54,846 SF

      Industrial Building with Office Space

      54,846 SF industrial building with 10,004 SF office space.
      2134 NW 108th St, Clive, IA
      View Details
    • $249,900

      Residential Land in Clive, Iowa

      Residential land for custom home construction in Clive, Iowa.
      3551 NW 183rd Street, Clive, IA 50325
      View Details
    • $91,900

      Residential Land in Clive, Iowa

      Residential land available in a family-friendly Clive neighborhood.
      3143 Devonshire Parkway, Clive, IA 50325
      View Details
    • Contact for pricing
      16,334 SF

      Single Story Corporate Office Space

      Class B office space with generator and signage available.
      13300 Hickman Rd, Clive, IA
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.4 acres of development land neighboring Waukee Towne Center.
    Where is this commercial land located?
    The property is located at 2400 Berkshire Pkwy Clive, IA.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: 2.4 acres of development land.; Neighbors the new 184‑unit West Light Apartment complex.; Adjacent to Warrior Marketplace by Hurd Realty (planned development).
    (515) 415-6108 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Riley Hogan
    Riley Hogan
    Real Estate License ID: IA F03815000
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    2400 Berkshire Pkwy, Clive, IA 50325
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!