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9155 Bishop Dr West Des Moines, IA 50263

Commercial land Google Maps
1.99 ac lot
Entity Owned Absentee Owner Free & Clear
Estimated value (blended)
$220k
Range $198k – $242k (±10%)
Property ID US25-0156990

Property summary

AI-generated overview

This exceptional 1.99-acre commercial land parcel presents a unique investment opportunity in the thriving West Des Moines, Iowa market. Located at 9155 Bishop Drive, this shovel-ready site boasts a highly desirable location, situated just one block north of the intersection of University Avenue and 92nd Street, a major east-west thoroughfare. Its strategic position ensures excellent visibility and accessibility for businesses, benefiting from proximity to major highways and bustling commercial districts. The property is conveniently located for both local and out-of-town customers. The site is zoned for PUD & Community Commercial, offering flexibility for a variety of development options, including but not limited to retail, medical, or office spaces. Utilities are readily available on-site. Adding to its appeal, the property is surrounded by a vibrant residential community, with over 700 townhomes and apartments within a half-mile radius, providing a built-in customer base. The asking price is $1,213,581, translating to a land value of $14 per square foot. This is an exceptional opportunity to capitalize on the robust growth and strong demand in this prime West Des Moines location. Don't miss this chance to secure a highly desirable commercial property in a rapidly developing area. The property is located in Dallas County, Iowa, with a zip code of 50263.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 1.99 ac (86,589 SF)
APN 1603248003
UPID US25-0156990

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$220k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$220k

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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More about this property
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