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    OFF-MARKET
    Land

    0 88Th St, West Des Moines, IA 50266

    16.91 ac lot
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Land
    Lot 16.91 ac (736,600 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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