15503 Meredith Dr Urbandale, IA 50323
This exceptional 2.45-acre commercial land parcel presents a remarkable investment opportunity in Urbandale, Iowa. Situated at 15503 Meredith Drive, this rectangular corner lot enjoys unparalleled visibility and accessibility at the northeast corner of Meredith Drive and 156th Street. Its strategic location offers immediate proximity to a thriving retail environment, including a Hy-Vee Fast N Fresh, Kum N Go, Clean Works Car Wash, Mavon Salon Studios, Coco Nails & Spa, and The Dental Loft. The property's PUD zoning allows for a variety of development possibilities, catering to diverse commercial ventures. High traffic counts further enhance its appeal, with Meredith Drive boasting 4,528 vehicles per day and NW 165th recording 4,500 VPD. The lot's advantageous position ensures significant exposure to a substantial daily traffic flow. Note that stormwater detention is situated on an adjacent lot. The asking price for this exceptional property is $1,600,830. This presents a unique chance to acquire a highly desirable commercial land parcel in a rapidly growing area of Urbandale, within Dallas County, Iowa, zip code 50323. The property's size and location make it ideal for a variety of commercial developments.
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
Similar Nearby for Sale
Similar Nearby for Lease
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.