Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1225 Laurel St Waukee, IA 50263
    Property profile & analytics

    1225 Laurel St Waukee, IA 50263

    View on Map
    • Commercial land
    • 4.77 lot acres
    Off-Market
    Last Sale Jan 15, 2020
    $925,000
    Property ID
    US25-0369678
    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.
    Value Estimations
    $930,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 1225 Laurel St

    Lot size
    4.77 lot acres
    Property type
    Commercial land
    APN
    1235127001
    APU
    1235127001

    Description

    This exceptional two-acre commercial parcel presents a rare opportunity in Waukee, Iowa. Strategically situated just east of the newly illuminated intersection of Alice's Road and Laurel Street, this property offers unparalleled access to Interstate 80/35, ensuring high visibility and convenient transportation links. A key advantage is the allowance for outside storage, a highly desirable feature currently in short supply within this area. The property's location near Alice's Road makes it particularly attractive for businesses requiring easy access to major transportation arteries. The land is divisible, offering flexibility for potential buyers. One option is to purchase the entire two-acre parcel, priced at $784,080, which translates to $9.00 per square foot. Alternatively, individual one-acre lots are available at a price of $9.50 per square foot. This presents a unique opportunity for developers or businesses seeking a prominent location with ample space and the added benefit of permitted outside storage. The property's zoning and potential uses should be verified independently. Don't miss this chance to secure a prime commercial location in a thriving Waukee market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $835,000
      ML approach
      $945,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Waukee
    County
    Dallas
    State
    Iowa
    Longitude
    -93.8493
    Latitude
    41.6118
    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
    $7,424
    $290,890
    $0.00
    $290,890
    -
    $290,890
    $0.00
    $290,890

    Comparable in this City

    • Value Estimation by Request
      2.90 Acres

      255 Westgate Dr

      VACANT COMMERCIAL LAND • 2.90 Acres
      255 Westgate Dr, Waukee, IA 50263
      View Details
    • Value Estimation by Request
      0.24 Acres

      Waukee, IA 50263

      VACANT COMMERCIAL LAND • 0.24 Acres
      Waukee, IA 50263
      View Details
    • Value Estimation by Request
      0.82 Acres

      Waukee, IA 50263

      VACANT COMMERCIAL LAND • 0.82 Acres
      Waukee, IA 50263
      View Details
    • Value Estimation by Request
      7.51 Acres

      Waukee, IA 50263

      VACANT COMMERCIAL LAND • 7.51 Acres
      Waukee, IA 50263
      View Details
    • Value Estimation by Request
      7.53 Acres

      1025 Tallgrass Ln

      VACANT COMMERCIAL LAND • 7.53 Acres
      1025 Tallgrass Ln, Waukee, IA 50263
      View Details
    • Value Estimation by Request
      5.30 Acres

      Waukee, IA 50263

      VACANT COMMERCIAL LAND • 5.30 Acres
      Waukee, IA 50263
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land off I-80 in Waukee

      Land in fast-growing Waukee, Iowa near I-80.
      1300 SE Kettlestone Blvd, Waukee, IA 50263
      View Details
    • $1,254,528

      2.4 Acre Commercial Lot

      2.4 acre commercial lot zoned C-1A in Waukee, Iowa.
      10Th St, Waukee, IA 50263
      View Details
    • Contact for pricing

      Land Near Waukee NW High

      Available land across from Waukee NW High School & Triumph Park.
      N 10Th St, Waukee, IA 50263
      View Details
    • Contact for pricing

      Commercial Land at Lighted Corner

      Commercial land with high visibility on heavily traveled road.
      NE Westgate Dr, Waukee, IA 50263
      View Details
    • Contact for pricing
      16 SF

      Waukee Land Near New Developments

      Land parcels available near Waukee's growing community and amenities.
      245 West Hickman Rd, Waukee, IA 50263
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Land Near I-80 Exit

      Located off I-80 in fast-growing Waukee, Iowa.
      1200 SE Kettlestone Blvd, Waukee, IA 50263
      View Details
    • 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

      Waukee Pad Site For Lease

      1.1 acre pad site available for ground lease or build-to-suit.
      405 E Hickman Rd, Waukee, IA 50263
      View Details
    • Contact for pricing

      Land Available For Build-To-Suit

      Up to 1.99 acres available for Build-To-Suit in Waukee.
      970-1030 SE Olson Dr, Waukee, IA 50263
      View Details
    • Contact for pricing

      Waukee Outparcels for Lease

      1 to 3.5 acre outparcels for lease.
      Grand Prairie Pkwy, Waukee, IA 50263
      View Details
    • Contact for pricing

      Retail Development Land for Lease

      Land available for ground lease or build-to-suit in Waukee.
      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.
    1225 Laurel St
    Waukee, IA 50263
    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

    Thank You for Inquiry
    1225 Laurel St, Waukee, IA, 50263
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!