0 University Ave Waukee, IA 50263
This exceptional 1.22-acre commercial lot, located at the intersection of Alices Rd and SE University Ave in Waukee, Iowa, presents a unique investment opportunity. Priced at $797,145, this property offers significant potential for retail, office, or flex space development. Situated within the Autumn Ridge Outlots, this lot boasts excellent visibility and convenient access. The property backs up to a thriving multi-family development, ensuring a built-in customer base and high foot traffic. All necessary infrastructure is already in place, simplifying the development process and minimizing upfront costs. With a land value of $53,143 per square foot, this represents a compelling investment in a rapidly growing area of Waukee. The lot's size provides ample space for a variety of development options, catering to diverse business needs. The strategic location within the Autumn Ridge Outlots, combined with the existing infrastructure and proximity to residential areas, makes this a highly desirable property for developers and investors seeking a strong return on investment in a vibrant and expanding community. The zip code is 50263, and the property is located in Dallas County, Iowa. This is a rare opportunity to acquire a prime commercial lot in a high-demand location.
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.