Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    250 4th Street Waukee, IA 50263

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    2,731 SF building suitable for church or event space.

    Type:General Commercial
    Property size:
    2,700 SF
    Price / SF:
    $1.11/SF
    Added:
    Oct 31, 2024
    Days on Market:
    542
    Last Refresh:
    Apr 1 at 8:57 pm

    Property Features for 250 4th Street

    General Information

    Standard status
    Active
    Size
    2,700 SF
    Property subtype
    General Commercial

    We can help!

    Listing Contact
    Andrew McCune

    Listing agent Andrew McCune

    Listing office Stanbrough Realty Company

    Listing date Oct 31, 2024

    Source Xome

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Stanbrough Realty Company

    Overview

    Waukee Church or Event Space

    This building offers 2,731 square feet on the main level, featuring an open layout, two restrooms, and one office area. The property is situated just south of Hickman Road off of 4th Street. The basement provides cold storage space. With two entrances and tall ceilings, this property presents a rare opportunity for use as a church, event space, or other specialty purpose.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Churches & religious facilities

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Waukee
    County
    Dallas
    State
    Iowa
    Longitude
    -93.8828431
    Latitude
    41.6128167

    Nearby Similar for Sale

    • $2,950,000
      12,180 SF

      Waukee Brewery with Dog Park

      Brewery with patio and dog park near bike trail.
      255 Northwest Sunrise Drive, Waukee, IA, 50263
      View Details
    • $6,350,000
      23,742 SF

      Medical Office Investment Opportunity

      Medical office investment in Waukee, Iowa with long-term NNN lease.
      40 - 50 - 54 E Hickman Road, Waukee, IA 50263
      View Details
    • $2,250,000
      12,155 SF

      Waukee Office/Warehouse For Sale

      Freestanding office/warehouse available for sale or lease in Waukee, Iowa.
      33083 Ute Ave, Waukee, IA 50263
      View Details
    • Contact for pricing
      147,538 SF

      Premier Youth Sports Complex

      Exceptional investment opportunity in a premier youth sports complex.
      2045 Southeast Glacier Trail, Waukee, IA, 50263
      View Details
    • Contact for pricing
      17,060 SF

      Fully Leased Storage Facility

      Income-producing storage facility with additional commercial and outdoor rental opportunities.
      33124 Ute Ave, Waukee, IA
      View Details
    • Contact for pricing

      Single-Tenant KinderCare NNN Property

      Single-tenant KinderCare in Waukee, Iowa with corporate NNN lease.
      1155 Southeast Kettlestone Boulevard, Waukee, IA, 50263
      View Details
    • $1,350,000
      7,400 SF

      Retail Facility in Waukee, Iowa

      Established retail facility with operational systems in place for sale.
      100 4th St, Waukee, IA
      View Details
    • Contact for pricing
      108,800 SF

      Waukee Manufacturing and Industrial Building

      108,800 SF manufacturing and light industrial building in Waukee, Iowa.
      250 NW 10th St, Waukee, IA
      View Details
    • $2,950,000
      12,180 SF

      Former Kinship Brewery in Waukee

      Award-winning brewery building near Raccoon River Valley Bike Trail.
      255 NW Sunrise Dr, Waukee, IA 50263
      View Details
    • $215,000
      1,200 SF

      Waukee Garage Condo Flex Space

      Garage/flex space units for sale or lease in Waukee.
      1585 NW Gettysburg Ln, Waukee, IA 50263
      View Details
    • $250,000
      1,500 SF

      Waukee Garage Condo Flex Space

      Garage/flex space units for sale or lease in Waukee.
      1575 NW Gettysburg Ln, Waukee, IA 50263
      View Details

    FAQs

    What type of property is this?
    Church & religious facility - 2,731 SF building suitable for church or event space.
    Where is this church & religious facility located?
    The property is located at 250 4th Street Waukee, IA.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Wide open 2,731 SF main level suitable for various uses.; Located just south of Hickman Road off of 4th Street.; Tall ceilings.
    (515) 334-3345
    We can help!
    Listing Contact
    Andrew McCune
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!