NE 78th Ave & NE 96th Street

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NE 78th Ave & NE 96th Street

Bondurant, IA 50035
Asking Price
$5.42M
Asset Type
Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • The listing includes 112.828 acres of land available for purchase.
  • The property is positioned at NE 78th Ave and NE 96th Street.
  • This asset is situated in the Bondurant submarket of Iowa.
  • The asking price for the development site is 5,415,744 dollars.
  • Large acreage allows for residential or commercial land use planning.

What's Special

This land offering presents a significant development opportunity for investors seeking a substantial footprint in the growing Bondurant submarket. Spanning 112.828 acres, the property is positioned at the intersection of NE 78th Ave and NE 96th Street. Bondurant remains a steady expansion point within the Des Moines metropolitan area, benefiting from regional infrastructure connectivity and consistent population growth. The sheer scale of this site provides flexibility for long-term residential master planning or large-scale commercial development projects, depending on municipal alignment and future land use strategy. Its location allows for strategic access to local transit corridors while maintaining the quiet character typical of this developing Iowa market. With significant acreage available for acquisition, institutional buyers and developers can evaluate a wide range of build-to-suit possibilities to address local supply needs. This asset serves as an efficient vehicle for those looking to secure land bank inventory or execute a multi-phase development project in a region currently experiencing ongoing suburban demand.

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NOI
$80,000
Cap Rate
1.48%
DSCR
0.25
Underwater
Cash-on-Cash
-14.87%
Monthly Payment
$26,794.146
Annual Cash Flow
$-241,529.757

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