Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Waukee Pad Site For Lease Title is generated by Realmo AI

    405 E Hickman Rd, Waukee, IA 50263

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

    1.1 acre pad site available for ground lease or build-to-suit.

    Type:Retail, Office, Land, Restaurant
    Lot size:
    1.10 Acres
    Added:
    Jul 17, 2024
    Days on Market:
    679
    Last Refresh:
    May 13 at 12:10 am

    Property Features for 405 E Hickman Rd

    General Information

    Standard status
    Active
    Lot size
    1.10 Acres
    Property subtype
    Retail, Office, Land, Restaurant

    Spaces For Lease

    at 405 E Hickman Rd Contact us

    We can help!

    Listing Contact
    Meredith Hedstrom
    Meredith Hedstrom

    Listing agent Meredith Hedstrom License #IA S65723000

    Listing office JLL - Des Moines, Iowa

    Listing date Jul 17, 2024

    Source Crexi

    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 JLL - Des Moines, Iowa

    HighLights

    • 1.1 acre pad site
    • Ground lease or build‑to‑suit options
    • Convenient access to Hickman Road
    • Located in Waukee
    • Adjacent to single‑family and multi‑family housing developments
    • Surrounded by retail, office, commercial, and hospitality

    Overview

    A 1.1 acre pad site is available for ground lease or build-to-suit opportunities in Waukee. The site benefits from convenient access to Hickman Road. The location is adjacent to multiple single-family and multi-family housing developments, retail spaces, offices, commercial establishments, and hospitality venues.
    Property Profile Location Intelligence

    Current Use by Public Records

    Chipotle Mexican Restaurant Restaurant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Waukee
    County
    Dallas
    State
    Iowa
    Longitude
    -93.8813312
    Latitude
    41.6158366

    Nearby Similar for Lease

    • $24 SF/Yr
      3,759 SF

      Waukee Medical Office Space Available

      Former orthodontics office with storage in high-traffic Waukee location.
      60 E Hickman Road, Waukee, IA 50263
      View Details
    • $27 SF/Yr
      2,478 SF

      Modern Retail/Office Space Available

      New retail/office space in a high-growth suburban area.
      2856 Grand Prairie Parkway, Waukee, IA, 50263
      View Details
    • $23 SF/Yr
      3,004 SF

      Waukee Retail/Fitness Endcap Space

      3,004 SF endcap space ideal for retail or fitness.
      651 Northeast Venture Drive, Waukee, IA, 50263
      View Details
    • $35 SF/Yr
      170,000 SF

      Waukee Towne Center Retail Space

      Retail spaces in Waukee Towne Center near I-80 interchange.
      Grand Prairie Parkway, Waukee, IA, 50263
      View Details
    • $11 SF/Yr
      12,155 SF

      Waukee Flex Space Available

      Flex space in high-growth Waukee corridor with I-80 access.
      33083 Ute Avenue, Waukee, IA, 50263
      View Details
    • $34 SF/Yr
      2,900 SF

      Premier Entertainment District Space Available

      Space available in Waukee's premier entertainment district, KeeTown Loop.
      2980 Grand Prairie Parkway, Waukee, IA, 50263
      View Details
    • $12 SF/Yr
      2,500 SF

      Waukee Industrial Space Available

      Industrial property available for lease in Waukee, Iowa.
      Northwest Gettysburg Lane, Waukee, IA, 50263
      View Details
    • Contact for pricing
      12,108 SF

      Waukee Flex Space For Lease

      12,108 SF flex space with office and storage.
      16180 Laurel St, Waukee, IA 50263
      View Details
    • Contact for pricing

      Waukee Pad Site For Lease

      1.1-acre pad site available for ground lease or build-to-suit.
      405 E Hickman Rd, Waukee, IA 50263
      View Details
    • $26 SF/Yr

      New Retail Center in Waukee

      New construction retail center on University Avenue in Waukee, Iowa.
      1176 Southeast University Avenue, Waukee, IA, 50263
      View Details
    • Contact for pricing
      12,000 SF

      New Retail Development in Waukee

      New commercial development neighboring residential and retail growth in Waukee.
      125 Hickman Road, Waukee, IA, 50263
      View Details
    • $11 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
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.1 acre pad site available for ground lease or build-to-suit.
    Where is this commercial land located?
    The property is located at 405 E Hickman Rd Waukee, IA.
    What are key features of this property?
    This property features: 1.1 acre pad site; Ground lease or build‑to‑suit options; Convenient access to Hickman Road
    (515) 218-7010 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Meredith Hedstrom
    Meredith Hedstrom
    Real Estate License ID: IA S65723000
    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

    Thank You for Inquiry
    405 E Hickman Rd, Waukee, IA 50263
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!