Property profile

0 156 & Hickman Waukee, IA 50325

OFF-MARKET
Land
1.27 ac lot
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Property summary

AI-generated overview

This exceptional commercial land offering presents two prime pad sites totaling approximately 1.27 and 1.38 acres, respectively, situated at the highly visible intersection of 156th Street and Hickman Road in Clive, Iowa, within Dallas County. The property boasts a C-4 Planned Shopping Center Commercial District zoning designation, ideal for a variety of commercial developments. The western lot encompasses approximately 1.27 acres, while the eastern lot offers approximately 1.38 acres. This location benefits from exceptional visibility and high traffic counts, with Hickman Road reporting 31,100 vehicles per day (VPD) in 2022 according to Iowa DOT data, and 156th Street showing 10,765 VPD in 2016 (Iowa DOT). The land is strategically positioned adjacent to a new Iowa Trust & Savings Bank, and in close proximity to established businesses including Walgreens, Arby's, Kum & Go, and Nebraska Furniture Mart, ensuring strong consumer traffic and brand synergy. The land value is priced between $24 and $27 per square foot. This presents a unique opportunity for investors seeking high-impact commercial development in a thriving Iowa market. The zip code is 50325. The property's latitude and longitude coordinates are 41.6148672 and -93.8337128, respectively. One lot is currently available for purchase.

Property profile

Verified
Property type Land
Lot 1.27 ac (55,321 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

156 & Hickman Waukee, IA 50325
Waukee metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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