Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1180 University Ave Waukee, IA 50263-8861

    • Commercial land
    • 3.59 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US25-1141575
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • 4Ever Young Anti Aging Solutions / Medical Spa / Medical Clinic

    Property Details for 1180 University Ave

    Lot size
    3.59 lot acres
    Property type
    Commercial land
    APN
    1604226001
    APU
    1604226001

    Description

    This exceptional 3.59-acre commercial land parcel presents a unique investment opportunity in the thriving Waukee, Iowa market. Situated on the highly visible University Avenue commercial corridor, this property boasts a prime location just two minutes from the new Grand Prairie Parkway I-80 exit, ensuring excellent accessibility and high visibility. The site benefits from impressive daily traffic counts of 23,559 vehicles on University Avenue, providing significant exposure for any future development. The land is part of The Cove at Kettlestone, a newly constructed multi-building retail center featuring a modern design, expansive window lines, and ample parking. Established businesses already operating within the center include Central Standard, CHIC Nail Salon, Marco's Pizza, Advanced Chiropractic & Acupuncture, CityRow, and Dunn Brother's Coffee, creating a vibrant and successful commercial environment. The asking price is $2,267,515, translating to $12.50 per square foot. This represents a compelling opportunity to acquire a strategically located commercial land parcel in a rapidly growing area with strong existing infrastructure and high traffic volume. The property's address is 1180 SE University Ave, Waukee, IA 50263, within Dallas County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Waukee
    County
    Dallas
    State
    Iowa
    Longitude
    -93.851
    Latitude
    41.5999
    CBSA code
    19780
    CBSA name
    DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $4,894
    $156,550
    $0.00
    $156,550
    -
    $156,550
    $0.00
    $156,550

    Comparable in this City

    • Value Estimation by Request
      2.35 Acres

      Waukee, IA 50263

      VACANT COMMERCIAL LAND • 2.35 Acres
      Waukee, IA 50263
      View Details
    • Value Estimation by Request
      0.35 Acres

      Waukee, IA 50263

      VACANT COMMERCIAL LAND • 0.35 Acres
      Waukee, IA 50263
      View Details
    • Value Estimation by Request
      2.15 Acres

      2962 Grand Pr Pkwy

      VACANT COMMERCIAL LAND • 2.15 Acres
      2962 Grand Pr Pkwy, Waukee, IA 50263
      View Details
    • Value Estimation by Request
      5.78 Acres

      Waukee, IA 50263

      VACANT COMMERCIAL LAND • 5.78 Acres
      Waukee, IA 50263
      View Details
    • Value Estimation by Request
      2.75 Acres

      500 Interstate Pkwy

      VACANT COMMERCIAL LAND • 2.75 Acres
      500 Interstate Pkwy, Waukee, IA 50263-7529
      View Details
    • Value Estimation by Request
      0.11 Acres

      Waukee, IA 50263

      VACANT COMMERCIAL LAND • 0.11 Acres
      Waukee, IA 50263
      View Details

    Similar Nearby for Sale

    • $3,920,400
      4.56 Acres

      Prime Corner Land in Waukee

      4.56 acres in Iowa's fastest growing community.
      W Grand Prairie Pkwy, Waukee, IA 50263
      View Details
    • $797,145

      Commercial Lot in Autumn Ridge

      Commercial lot suitable for retail, office, or flex space.
      SE University Ave, Waukee, IA 50263
      View Details
    • $300,000

      Development Land on Hickman Corridor

      0.9 +/- acres of development land for sale.
      80 W Hickman Rd, Waukee, IA 50263
      View Details
    • Contact for pricing

      Waukee Land Investment Opportunity

      18.79 acres in Waukee, ideal for development.
      850 SE Booth Ave, Waukee, IA 50263
      View Details
    • $1,515,888

      Commercial Land at High-Traffic Corner

      Commercial land for sale at a lighted hard corner.
      NE Westgate Dr, Waukee, IA 50263
      View Details
    • $379,900
      1.73 Acres

      Waukee Industrial Land For Sale

      1.73-acre corner lot zoned for light industrial use.
      300 NW 17 St, Waukee, IA 50263
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      47,916 SF

      Waukee Commercial Land: Prime Location

      High-traffic location, build-to-suit or ground lease.
      405 E Hickman Rd, Waukee, IA 50263
      View Details
    • Contact for pricing
      1 SF

      Waukee Commercial Land - 1.1 Acres

      Prime Waukee location, build-to-suit opportunity.
      405 Hickman Rd, Waukee, IA 50263
      View Details
    • Contact for pricing
      2,754 SF

      Waukee Retail Space: Prime Location

      Luxury Apartment Retail, Dallas County, IA
      210 2Nd St, Waukee, IA 50263
      View Details
    • Contact for pricing
      9,000 SF

      Waukee Marketplace Retail Opportunity

      High-visibility retail space available in Waukee, IA.
      1014 Hickman Rd, Waukee, IA 50263
      View Details
    • Contact for pricing
      543,193 SF

      Kettlestone Crossing Outlots

      Waukee, IA commercial land
      1200 Kettlestone Blvd, Waukee, IA 50263
      View Details
    • Contact for pricing

      Warrior Marketplace: Waukee Land

      Prime Waukee commercial land, build-to-suit options.
      0 Waukee Ia, Waukee, IA 50263
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1180 University Ave
    Waukee, IA 50263-8861
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.