University Ave & Boone Dr, Waukee, IA 50263

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University Ave & Boone Dr, Waukee, IA 50263

Waukee, IA 50263
Asking Price
Contact for price
Asset Type
Commercial Land
Class
Class B

AI Property Summary

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

  • Located at the intersection of University Ave and Boone Dr.
  • The parcel encompasses 5.28 acres of developable commercial land.
  • Waukee remains a prominent growth area in the Des Moines metro.
  • This property is available for acquisition in Dallas County.
  • Commercial zoning supports diverse retail or professional service developments.

What's Special

Waukee serves as a high-growth suburban hub within the Des Moines metropolitan area, consistently recognized for its rapid residential and commercial expansion. Positioned at the intersection of University Ave and Boone Dr, this 5.28-acre commercial land parcel provides a strategic footprint for developers and businesses looking to establish a presence in this expanding corridor. The site benefits from the demographic growth characterizing Dallas County and its integration into the broader regional economy. This commercial tract is well-suited for a variety of development projects, ranging from professional office space to retail centers or service-oriented businesses. Its location ensures visibility and accessibility for local commuters and area residents alike. Investors seeking land in an active submarket will find this property aligns with the ongoing infrastructure improvements and commercial demand patterns seen throughout the Waukee community.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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