Technical
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Distress signals
Property profile

0 Easter Lake Dr Des Moines, IA 50320

OFF-MARKET
Land
29.83 ac lot
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Property summary

AI-generated overview

This exceptional 29.83-acre property presents a remarkable opportunity for residential development in Des Moines, Iowa. Located on Easter Lake Dr, in Polk County, zip code 50320, this land boasts a desirable location with convenient access to Highway 5 and 65, placing it less than five miles from the city's vibrant downtown core. The property comprises two adjacent parcels overlooking the recently renovated Easter Lake Park, a 178-acre oasis featuring a swimming beach, three playgrounds, a 5.5-mile paved trail system, and excellent fishing opportunities. The current zoning, N2A, permits single-family homes or up to two units per parcel, making it ideal for various development projects. Situated within the rapidly expanding Carlisle school district, this land offers a compelling combination of natural beauty, recreational amenities, and convenient access to urban conveniences. Utilities are readily available in the immediate vicinity, ensuring a smooth and efficient development process. The asking price is $806,000, translating to $27,000 per acre. This represents a significant investment opportunity in a high-growth area. The property is ready for immediate development.

Property profile

Verified
Property type Land
Lot 29.83 ac (1,299,395 SF)

Cap rate & NOI

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

Location

Easter Lake Dr Des Moines, IA 50320
Des Moines 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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