Office/Warehouse Condo with
For Sale
Contact for pricing
222-234 NW Sunrise Dr, Waukee, IA 50263
Move-in-ready office/warehouse condo built in 2020 with direct warehouse access and 21' clear height.
Property Size4,076 SF
Price / SF$233.05
Days on Market108
Property Features for 222-234 NW Sunrise Dr
General Information
Standard status
Active
Size
4,076 SF
Property subtype
FLEX_R_AND_D
Listing Agency:
Stanbrough Realty Company
(515) 334-3345
Listed By:
Jeff Stanbrough, CCIM CPM
(515) 202-6649
Source:
Moodyscre
Added: Jul 13
Changed: Oct 26
Last Checked: Oct 26 at 6:46PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This well-maintained office/warehouse condo was built in 2020 and offers a blend of finished office space and warehouse area. The unit includes 3,256 SF of finished office space and an 820 SF warehouse with 21' clear height. The main level features five private offices, a large conference room, a selection room, kitchenette, four restrooms, and direct access into the warehouse.
The mezzanine provides two additional offices, an open work area, a conference room, and a private restroom, supporting a flexible office configuration. The property offers convenient access to Hickman Road, Grand Prairie Parkway, and I-80.
Overall, the layout is designed for day-to-day office operations with an attached warehouse component and straightforward connection between work areas and storage or operations space.
The mezzanine provides two additional offices, an open work area, a conference room, and a private restroom, supporting a flexible office configuration. The property offers convenient access to Hickman Road, Grand Prairie Parkway, and I-80.
Overall, the layout is designed for day-to-day office operations with an attached warehouse component and straightforward connection between work areas and storage or operations space.
Key Highlights
- Move‑in‑ready 4,076 SF office/warehouse condo built in 2020 in Waukee
- Includes 3,256 SF of finished office space plus 820 SF warehouse with 21' clear height
- Main level offers five private offices, large conference room, selection room, kitchenette, and direct access to the warehouse
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,705
Cap Rate
5.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,074,100
$1.1M
Cap Rate 7%
$767,214
$767.2K
Cap Rate 9%
$596,722
$596.7K
Market Conditions
NOI Build-Up for 4,076 SF
Gross rent
$89.5K $21.96/SF
− Vacancy
−$17.9K −$4.39/SF
EGI
$71.6K $17.57/SF
− OpEx
−$17.9K −$4.39/SF
NOI
$53.7K $13.18/SF
Area
Dallas County, IA
Vacancy
20.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,074,100
Cap Rate 7%
$767,214
Cap Rate 9%
$596,722
Alternative Uses
Best Use
Flex RnD
$3.92M
$3.43M – $4.58M
NOI $274,657 @ 7.0% cap · market cap 28.91%
Second Best
Warehouse
$3.28M
$2.87M – $3.83M
NOI $229,745 @ 7.0% cap · market cap 24.19%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
488
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 50263, IA
24,817
Population
11,323
Households
2.2
Avg Household Size
34
Median Age
57%
College-Educated
96%
High-School Grad
27.5 sq mi
ZIP Area
902
Density / Sq Mi
$107,864
Median Household Income
$62,430
Median Earnings
$1,296
Median Rent
$332,500
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Move-in-ready office/warehouse condo built in 2020 with direct warehouse access and 21' clear height.
Where is this flex space located?
The property is located at 222-234 NW Sunrise Dr Waukee, IA.
What is the asking price?
The asking price for this property is $949,900.
What are key features of this property?
This property features: Move‑in‑ready 4,076 SF office/warehouse condo built in 2020 in Waukee; Includes 3,256 SF of finished office space plus 820 SF warehouse with 21' clear height; Main level offers five private offices, large conference room, selection room, kitchenette, and direct access to the warehouse
