156th St & Meredith Dr Urbandale, IA 50323
This exceptional 1.18 to 4.48-acre parcel in Urbandale, Iowa, presents a unique investment opportunity. Located at the intersection of 156th Street and Meredith Drive, this undeveloped land is ideally situated within a rapidly expanding residential area. The property is zoned to accommodate a variety of commercial uses, including bank, daycare, and shopping center developments. This Class A land offers build-to-suit options or outright lot sales, catering to diverse development needs. The strategic location provides excellent visibility and accessibility, with Meredith Drive offering four lanes of traffic connecting to Interstate 80/35, ensuring convenient access for customers and employees. The recent construction of a new interchange at Interstate 35/80 and Meredith Drive further enhances connectivity. The property's proximity to established developments, such as the under-construction Everbrook Academy at 152nd Street & Meredith Drive and recently completed Caliber townhomes, underscores the area's growth trajectory. Furthermore, its adjacency to Walnut Creek Regional Park provides a desirable amenity for residents and businesses alike. The property's APN is 1224101002. This is a rare chance to acquire land in a thriving Iowa community with significant potential for future growth and return on investment. The property is for sale by owner.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.