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    3319 Ashworth Rd Waukee, IA 50263
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    Property profile & analytics

    3319 Ashworth Rd, Waukee, IA 50263

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    • Commercial real estate
    • 9.85 lot acres
    Off-Market
    Property ID
    US25-0361262
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 3319 Ashworth Rd

    Lot size
    9.85 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 9.85-acre parcel presents a remarkable opportunity for developers seeking a prime location in the thriving Waukee, Iowa market. Situated at 3319 Ashworth Road, this residential land boasts unparalleled access to major transportation arteries, including Interstate 80, placing it within easy reach of a large and growing population base. The property's strategic location offers significant advantages, with proximity to key commercial hubs such as Waukee Towne Center, KeeTown Loop, and Jordan Creek Town Center, ensuring high visibility and convenient access to amenities. All utilities are readily available, simplifying the development process and minimizing infrastructure costs. This expansive lot is zoned for residential development, making it ideal for a variety of projects, from single-family homes to multi-family dwellings. The asking price for this exceptional property is $1,716,264. Given its size, location, and accessibility, this land represents a compelling investment opportunity with significant potential for future appreciation. The property is located in Dallas County, Iowa, with a zip code of 50263. This is a rare chance to acquire a substantial tract of land in one of Iowa's fastest-growing communities, poised for continued expansion and development. Don't miss this chance to secure a piece of Waukee's vibrant future.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Waukee
    County
    Dallas
    State
    Iowa
    Longitude
    -93.844544358006
    Latitude
    41.579619703941

    Comparable in this City

    • $1,795,662
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      Waukee Mixed-Use Land Investment

      9.3 Acres, I-80 Access, High Growth
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    • $465,000
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      Waukee Residential Land - 1.75 Acres

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      New Townhome in Waukee

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      Spacious Townhome in Waukee

      Four-bedroom townhome with modern amenities in a desirable Waukee location.
      1035 Daisy Ln, Waukee, IA 50263
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      Waukee Townhome in Spring Crest

      New construction townhome with 3 bedrooms, 2.5 baths, and garage.
      1044 Maple St, Waukee, IA 50263
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      New Townhome in Waukee, Iowa

      Spacious 4-bedroom townhome with modern amenities in a prime location.
      1031 Daisy Ln, Waukee, IA 50263
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    Similar Nearby for Sale

    • $1,795,662
      405,108 SF

      Waukee Mixed-Use Land Investment

      9.3 Acres, I-80 Access, High Growth
      33240 Ute Ave, Waukee, IA 50263
      View Details
    • $465,000
      1.75 Acres

      Waukee Residential Land - 1.75 Acres

      Prime Waukee land, secluded wooded area.
      1700 Warrior Ln, Waukee, IA 50263
      View Details
    • Contact for pricing

      New Townhome in Waukee

      Spacious 4-bedroom townhome with modern amenities in a prime location.
      1032 Maple St, Waukee, IA 50263
      View Details
    • Contact for pricing

      Spacious Townhome in Waukee

      Four-bedroom townhome with modern amenities in a desirable Waukee location.
      1035 Daisy Ln, Waukee, IA 50263
      View Details
    • Contact for pricing

      Waukee Townhome in Spring Crest

      New construction townhome with 3 bedrooms, 2.5 baths, and garage.
      1044 Maple St, Waukee, IA 50263
      View Details
    • Contact for pricing

      New Townhome in Waukee, Iowa

      Spacious 4-bedroom townhome with modern amenities in a prime location.
      1031 Daisy Ln, Waukee, IA 50263
      View Details

    Similar Nearby for Lease

    • $34 SF/Yr
      2,900 SF

      Premier Entertainment District Space Available

      Space available in Waukee's premier entertainment district, KeeTown Loop.
      2980 Grand Prairie Pkwy, Waukee, IA 50263
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      Retail Development Land for Lease

      Land available for ground lease or build-to-suit in Waukee.
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      Waukee Outparcels for Lease

      1 to 3.5 acre outparcels for lease.
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      Waukee Development Land For Lease

      1.1-acre site in Waukee with access to Hickman Road.
      405 E Hickman Rd, Waukee, IA 50263
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      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
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    • Contact for pricing

      Land Near Waukee Amenities

      Land near Triumph Park, Northwest High School, and Raccoon River.
      210 NW 2Nd St, Waukee, IA 50263
      View Details
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    3319 Ashworth Rd
    Waukee, IA 50263
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    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
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