Add Listing
    For Lease
    • 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

    970-1030 SE Olson Dr Waukee, IA 50263

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Up to 1.99 acres available for Build-To-Suit in Waukee.

    Property Features for 970-1030 SE Olson Dr

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Scott Campney
    Source: Crexi

    Listing Agency: CDM Real Estate Services Listing Agent: Scott Campney

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

    Learn more

    Overview

    Land Available For Build-To-Suit

    Up to 1.99 acres of land are available for Build-To-Suit on SE Olson Drive in Waukee, IA. This presents an excellent Build-To-Suit opportunity for a single user with a NNN lease; the rate will be determined upon BTS. The property is centrally located between Hickman Road (Hwy 6) and University Avenue, a few blocks north of Gilcrest Jewett Lumber Company and just west of Alice’s Road. It offers easy access to Interstate I-35 via Alice’s Road/Grand Prairie Parkway.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Waukee
    County
    Dallas
    State
    Iowa
    Longitude
    -93.8552666
    Latitude
    41.6061025

    Nearby Similar for Lease

    • $27 SF/Yr
      2,478 SF

      Modern Retail/Office Space Available

      New retail/office space in a high-growth suburban area.
      2856 Grand Prairie Pkwy, 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 Dr, Waukee, IA 50263
      View Details
    • $24 SF/Yr

      Waukee Medical Office Space Available

      Former orthodontics office with storage in high-traffic Waukee location.
      60 E Hickman Rd, 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 Ave, Waukee, IA 50263
      View Details
    • Contact for pricing
      2,520 SF

      Retail Space in Growing Waukee

      New retail space with high visibility in fast-growing Waukee.
      1145 SE University Ave, 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 50263
      View Details
    • Contact for pricing
      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
    • 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
    • $15 SF/Yr
      2,731 SF

      Waukee Church or Event Space

      2,731 SF building suitable for church or event space.
      250 4Th St, Waukee, IA 50263
      View Details
    • Contact for pricing
      18,000 SF

      1125 Westbrook Dr

      Distribution centers • 18,000 SF
      1125 Westbrook Dr, Waukee, IA 50263
      View Details

    FAQs

    What type of property is this?
    Commercial land - Up to 1.99 acres available for Build-To-Suit in Waukee.
    Where is this commercial land located?
    The property is located at 970-1030 SE Olson Dr Waukee, IA.
    What are key features of this property?
    This property features: - Up to 1.99 acres of land available for Build-To-Suit.; - Excellent Build-To-Suit opportunity for a single user with a NNN lease.; - Centrally located between Hickman Road (Hwy 6) and University Avenue.
    Request Owner's contact information
    970-1030 SE Olson Dr 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.
    970-1030 SE Olson Dr
    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
    970-1030 SE Olson Dr 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
    Scott Campney
    Real Estate License ID: B35388000
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!