Property profile

1350 University Ave Waukee, IA 50263

OFF-MARKET
Strip malls
Property ID
US25-0803862
13,205 SF 1.72 ac lot Built 2021
Entity Owned 4-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2021
Total area 13,205 SF
Lot 1.72 ac (75,039 SF)
APN 1603110001
UPID US25-0803862

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Physician

Location

1350 University Ave Waukee, IA 50263-8933
Waukee metro Census 50817 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$605k
CAP Approach CAP
by Request
Comparable Approach Comparable
$476k
Blend (final) Blend
$660k

Owner & transaction history

since 2020
Last sale
$732,000
1 recorded transaction
2020
$732,000

Zoning & alternative use

Top alternative use upside
Restaurant $950,000 +171.9%
Medical building $880,000 +152.2%
Industrial (general) $860,000 +146.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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