0 88Th St, West Des Moines, IA 50266
This exceptional 16.91-acre parcel in West Des Moines, Iowa, presents a unique investment opportunity. Located on 88th St in Dallas County, zip code 50266, the property is zoned for agricultural use and offers significant potential for commercial development. Its strategic location provides easy access to major roadways. The area is experiencing substantial growth, with two significant developments planned nearby. A 199-unit high-end multifamily residential development, Village on Jordan Creek, is slated for completion in late 2022, just a two-minute drive away. Construction is set to begin in Fall 2022 on a 9.5 acre site. Furthermore, a large entertainment venue, anchored by Live Nation Entertainment, is under construction in Waukee, an eight-minute drive from the property. This venue, part of the Keetown Loop Development, is expected to open in late 2023 and host over 100 shows annually, with a capacity of 3,500 people. Construction on this project started Spring 2022. This property's proximity to these substantial developments makes it an ideal location for complementary businesses or future development projects, capitalizing on the increased population and economic activity in the area. The property's size and zoning offer flexibility for a variety of commercial uses, making it a compelling investment opportunity in a rapidly growing market.
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
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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.