Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Former Kinship Brewery in Waukee Title is generated by Realmo AI

    255 NW Sunrise Dr, Waukee, IA 50263

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Award-winning brewery building near Raccoon River Valley Bike Trail.

    Type:Retail
    Property size:
    12,180 SF
    Price / SF:
    $242/SF
    Added:
    Mar 18, 2024
    Days on Market:
    807
    Last Refresh:
    May 13 at 8:10 pm

    Property Features for 255 NW Sunrise Dr

    General Information

    Standard status
    Active
    Size
    12,180 SF
    Property subtype
    Retail

    We can help!

    Listing Contact
    Tyler Dingel
    Tyler Dingel

    Listing agent Tyler Dingel License #IA S56502000

    Listing office CBRE - Des Moines

    Listing date Mar 18, 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 CBRE - Des Moines

    HighLights

    • Shou Sugi Ban Accoya Wood Exterior makes this property stand out.
    • Located on the Raccoon River Valley Bike Trail offering recreational opportunities.
    • Former Kinship Brewery, presenting unique possibilities.
    • Adjacent to new housing developments.
    • Near Triumph Park.
    • Features five original art installations.

    Overview

    The subject property, formerly Kinship Brewery, is located in Waukee, Iowa. The award-winning building features a Shou Sugi Ban Accoya Wood Exterior and five original art installations. Situated on the Raccoon River Valley Bike Trail, it is near Triumph Park and just off Hickman Road, adjacent to new housing developments. The property size is 12180 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Kinship Brewing Company Production Facility

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Waukee
    County
    Dallas
    State
    Iowa
    Longitude
    -93.866463
    Latitude
    41.617757

    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
    • $4,000,000
      5,947 SF

      Retail Space on Grand Prairie

      Retail space with high visibility and access.
      2980 Grand Prairie Parkway, 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
    • $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

      Single-Tenant KinderCare NNN Property

      Single-tenant KinderCare in Waukee, Iowa with corporate NNN lease.
      1155 Southeast Kettlestone Boulevard, 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
    • $254,990
      1,658 SF

      Spacious Townhome in Waukee Community

      Four-bedroom townhome with modern amenities in a convenient Waukee location.
      1038 Maple Street, Waukee, IA 50263
      View Details
    • $257,990
      1,658 SF

      Spacious Townhome in Waukee

      Four-bedroom townhome with modern amenities in a convenient location.
      1034 Maple Street, Waukee, IA 50263
      View Details
    • $254,990
      1,658 SF

      New Townhome in Waukee

      Spacious 4-bedroom townhome with modern amenities in a prime location.
      1032 Maple Street, Waukee, IA 50263
      View Details
    • $256,990

      New Townhome in Waukee, Iowa

      Spacious 4-bedroom townhome with modern amenities in a prime location.
      1031 Daisy Lane, Waukee, IA 50263
      View Details
    • $252,990

      Spacious Townhome in Waukee

      Four-bedroom townhome with modern amenities in a desirable Waukee location.
      1035 Daisy Lane, Waukee, IA 50263
      View Details

    FAQs

    What type of property is this?
    Brewery - Award-winning brewery building near Raccoon River Valley Bike Trail.
    Where is this brewery located?
    The property is located at 255 NW Sunrise Dr Waukee, IA.
    What is the asking price?
    The asking price for this property is $2,950,000.
    What are key features of this property?
    This property features: Shou Sugi Ban Accoya Wood Exterior makes this property stand out.; Located on the Raccoon River Valley Bike Trail offering recreational opportunities.; Former Kinship Brewery, presenting unique possibilities.
    (515) 415-6108 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Tyler Dingel
    Tyler Dingel
    Real Estate License ID: IA S56502000
    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
    255 NW Sunrise Dr, 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!