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    105.56 Ac Magnolia Rd Underwood, IA 51576

    For Sale
    $6,328,322

    105 Acres, I-80 Frontage, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 105.56-acre commercial land parcel in Underwood, Iowa, presents a significant development opportunity. Strategically located directly off the Underwood exit of Interstate I-80, this highly visible property boasts 77,000 vehicles per day passing on I-80/I-29. Its convenient access via Magnolia Road and direct adjacency to I-80 ensures maximum exposure. The property is zoned AG, offering potential for various commercial or industrial uses, subject to any necessary zoning changes. The site benefits from access to regional water and city sewer utilities along Magnolia Road, with readily available natural gas and electricity services through MidAmerican Energy. Buyers are responsible for verifying all utility locations, sizes, and capacities. The asking price is $6,328,322, translating to $59,950 per acre. The APN is 7642 16 400 006. This large tract is ideal for a substantial development project or can be subdivided for multiple smaller users. This prime location and substantial acreage make this a rare and compelling investment opportunity.

    Property Features for 0 105.56 Ac Magnolia Rd

    General Information

    Property type
    Land
    Lot Size
    4,598,194 SF

    HighLights

    • 105.56‑acre commercial land parcel in Underwood, IA, with 77,000 VPD on I‑80/I‑29.
    • Directly off I‑80 Underwood exit.
    • Excellent I‑80 visibility.
    • Direct Magnolia Road access and I‑80 frontage.
    • Development potential (zoning change may be required).
    • Buyer responsible for utility verification.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Underwood
    County
    Pottawattamie
    State
    Iowa
    Longitude
    -95.705473
    Latitude
    41.3761841

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    FAQs

    What type of property is this?
    Land - 105 Acres, I-80 Frontage, High Visibility
    Where is this land located?
    The property is located at 105.56 Ac Magnolia Rd Underwood, IA.
    What is the asking price?
    The asking price for this property is $6,328,322.
    What are key features of this property?
    This property features: 105.56-acre commercial land parcel in Underwood, IA, with 77,000 VPD on I-80/I-29.; Directly off I-80 Underwood exit.; Excellent I-80 visibility.
    (712) 325-0445
    Request Owner's contact information
    105.56 Ac Magnolia Rd Underwood, IA 51576
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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
    105.56 Ac Magnolia Rd Underwood, IA 51576
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