Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1145 SE University Ave Waukee, IA 50263

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $32 SF/Yr ($6,720 /Mo)

    New retail space with high visibility in fast-growing Waukee.

    Property size:
    2,520 SF
    Lot size:
    3.59 Acres

    Property Features for 1145 SE University Ave

    General Information

    Size
    2,520 SF
    Lot size
    3.59 Acres

    We can help!

    Listing Contact
    Ben Brackett
    Source: Moodyscre

    Listing Agent: Ben Brackett

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

    Learn more

    Property Insight Report

    Overview

    Retail Space in Growing Waukee

    This is a brand new construction retail space offering excellent visibility and access at the intersection of SE Alice's Road and SE University Avenue. Located in Waukee, Iowa, the fastest-growing community in the state, the property benefits from strong household incomes and demographics. The location is in close proximity to several major attractions, including Vibrant Music Hall, Kettlestone Central Sports Complex, and Waukee High School. Notable retail neighbors include Hawaiian Bros Island Grill, Slim Chickens, Smoothie King, and Greater Iowa Credit Union. The property offers 2520 square feet of retail space and has an improvement allowance available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Waukee
    County
    Dallas
    State
    Iowa
    Longitude
    -93.8505567
    Latitude
    41.6009255

    Nearby Similar for Lease

    • $35 SF/Yr
      22,900 SF

      Waukee Retail Space For Lease

      Retail spaces available in Waukee Towne Center, 1,800-170,000 SF.
      405 SE Crabapple Dr, Waukee, IA 50263
      View Details
    • $35 SF/Yr
      15,260 SF

      Waukee Towne Center Retail Space

      Retail spaces available in Waukee Towne Center.
      955 SE Olson Dr, Waukee, IA 50263
      View Details
    • $24 SF/Yr
      11,850 SF

      Waukee Office Space For Lease

      Modern Office Building, Prime Location
      295 Westown Pkwy, Waukee, IA 50263
      View Details
    • $30 SF/Yr
      3,977 SF

      Waukee Retail Space - Grand Prairie

      New Retail Center in Des Moines Metro Area.
      2856 Grand Prairie Pkwy, Waukee, IA 50263
      View Details
    • Contact for pricing
      16,000 SF

      Kettlestone Central Retail Space

      Waukee, IA Retail Center Opportunity
      0 Tallgrass Ln, Waukee, IA 50263
      View Details
    • $28 SF/Yr
      12,090 SF

      Alder Point Retail Center

      Waukee, IA: Prime Retail Space Available
      0 Waukee Ia, Waukee, IA 50263
      View Details
    • $25 SF/Yr
      1,750 SF

      Retail Space in Growing Waukee

      Retail space with high visibility in a fast-growing community.
      15-85 NE Carefree Ln, Waukee, IA 50263
      View Details
    • $32 SF/Yr
      23,174 SF

      Prairie Commons Executive Suites

      Waukee, IA Office Space Available
      505 Hickman Rd, Waukee, IA 50263
      View Details
    • $15 SF/Yr
      1,500 SF

      Waukee Flex Space Condos for Sale

      Des Moines Metro Flex Units: Buy or Lease
      1575 Gettysburg Ln, Waukee, IA 50263
      View Details
    • $34 SF/Yr
      3,759 SF

      Prime Waukee Office Space

      Executive Suite, 3759 SF, Hickman Rd.
      60 Hickman Rd, Waukee, IA 50263
      View Details
    • $29 SF/Yr
      15,000 SF

      Waukee Retail Center - 15,000 SF

      New Retail/Storage Space Available in Waukee, IA
      750 Us Highway 6, Waukee, IA 50263
      View Details
    • $15 SF/Yr
      3,200 SF

      Waukee Retail/Office Space Available

      3,200 SF lower-level space ideal for retail or office use.
      650 Ashworth Dr, Waukee, IA 50263
      View Details

    FAQs

    What type of property is this?
    Retail space - New retail space with high visibility in fast-growing Waukee.
    Where is this retail space located?
    The property is located at 1145 SE University Ave Waukee, IA.
    What is the lease rate?
    The lease rate is $32 SF/Yr.
    What are key features of this property?
    This property features: - Prime intersection location at SE Alice's Road and SE University Avenue offers excellent visibility and access.; - Located in Waukee, the fastest-growing community in Iowa, with strong household incomes and demographics.; - Brand new construction with an improvement allowance available.
    (515) 440-0400
    Request Owner's contact information
    1145 SE University Ave Waukee, IA 50263
    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.
    1145 SE University Ave
    Waukee, IA 50263
    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
    1145 SE University Ave Waukee, IA 50263
    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

    We can help!
    Listing Contact
    Ben Brackett
    (515) 440-0400
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.