Property profile

295 Westown Pkwy Waukee, IA 50263

OFF-MARKET
Commercial real estate
Property ID
US25-0127193
1.09 ac lot
Entity Owned 12-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 11,850 square foot office building, constructed in 2023, is ideally situated at 295 SE Westown Pkwy, Waukee, IA 50263, offering a blend of traditional, medical, and executive office spaces. The property sits on 1.09 acres of land and boasts 60 parking spaces, ensuring ample convenience for tenants and their clients. Its strategic location near SE LA Grant Pkwy provides easy access to major thoroughfares, enhancing connectivity throughout the region. The building's zoning is C-Commercial, allowing for a variety of uses. The property benefits from its proximity to Timberline School and South Middle School, as well as nearby specialty medical facilities, creating a built-in customer base and high foot traffic. This location is surrounded by high-density residential neighborhoods, providing direct access to a large, local population. The Waukee area is experiencing significant growth, presenting a compelling opportunity for long-term investment and business expansion. This versatile space is perfect for medical offices (physicians, physical therapists, chiropractors, etc.), specialty retail (boutiques, health & wellness stores), or professional offices (legal, financial, real estate, consulting firms). The multiple tenancy option allows for flexibility in leasing arrangements. This property represents a rare opportunity to secure a prime location in one of Iowa's fastest-growing markets.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 1.09 ac (47,480 SF)
APN 1605250004
UPID US25-0127193

Cap rate & NOI

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

Location

295 Westown Pkwy Waukee, IA 50263-3300
Waukee metro Census 50817 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

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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