Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    225 Rd Waukee, IA 50263
    Property profile & analytics

    225 Rd, Waukee, IA 50263

    View on Map
    • Retail properties & Spaces
    • 187,000 SF
    • 33.50 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 225 Rd

    Lot size
    33.50 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Land

    Description

    This exceptional commercial land offering presents a unique investment opportunity in the thriving Waukee, Iowa submarket. Located at 225 NE Alice's Rd, at the northeast corner of Hickman & Alice's Road, this single-tenant property boasts a substantial 33.5-acre lot size (APN: 1226300005) within Dallas County. The property is zoned C - Commercial, allowing for a wide range of development possibilities. The existing building encompasses a significant 187,000 square feet of space, ideal for a variety of commercial or retail uses. Its strategic location in Waukee, IA, zip code 50263, provides excellent access to major transportation routes and a robust local economy. This is a new development, presenting a blank canvas for a discerning investor seeking to capitalize on the growth potential of this dynamic area. The property's size and zoning make it suitable for a large-scale commercial project, offering significant returns on investment. Detailed site plans and further information are available upon request. Don't miss this chance to acquire a premier commercial property in one of Iowa's fastest-growing communities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Waukee
    County
    Dallas
    State
    Iowa
    Longitude
    -93.8518
    Latitude
    41.6153

    Comparable in this City

    • Value Estimation by Request
      29.86 Acres

      The Kess

      Residential income properties
      0 The Kess, Waukee, IA 50263
      View Details
    • Value Estimation by Request
      1.22 Acres

      University Ave

      Land
      0 University Ave, Waukee, IA 50263
      View Details
    • Value Estimation by Request
      1.25 Acres

      1014 Hickman Rd

      Neighborhood centers
      1014 Hickman Rd, Waukee, IA 50263
      View Details
    • Value Estimation by Request
      2,754 SF

      210 2Nd St

      Multifamily properties
      210 2Nd St, Waukee, IA 50263
      View Details
    • Value Estimation by Request
      1.20 Acres

      1200 Kettlestone Blvd

      Restaurants
      1200 Kettlestone Blvd, Waukee, IA 50263
      View Details
    • Value Estimation by Request
      405,108 SF

      33240 Ute Ave

      Restaurants
      33240 Ute Ave, Waukee, IA 50263
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Waukee Retail Opportunity For Sale

      1.43 acre retail opportunity in Waukee, Iowa.
      1045 SE Rd Alice's, Waukee, IA 50263
      View Details
    • $1,795,662
      405,108 SF

      Waukee Mixed-Use Land Investment

      9.3 Acres, I-80 Access, High Growth
      33240 Ute Ave, Waukee, IA 50263
      View Details
    • $7,242,000
      144.84 Acres

      Development Land in Growing Waukee

      144.84 acres of development-ready land in Waukee, Iowa.
      T Ave & Douglas Pkwy, Waukee, IA 50263
      View Details
    • Contact for pricing
      1.00 Acre

      Prime Waukee Commercial Land

      Hickman Road development opportunity.
      1250 Hickman Rd, Waukee, IA 50263
      View Details
    • Contact for pricing

      Land Available in Waukee, Iowa

      Land for sale at Grand Prairie Pkwy & Ashworth Rd
      Grand Pr Pkwy & Ashworth Rd, Waukee, IA 50263
      View Details

    Similar Nearby for Lease

    • 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
    • Contact for pricing

      Prime Land Near I-80 Exit

      Located off I-80 in fast-growing Waukee, Iowa.
      1200 SE Kettlestone Blvd, Waukee, IA 50263
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease.
      765 E Hickman Rd, 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
    • Contact for pricing
      16,000 SF

      Kettlestone Central Retail Space

      Waukee, IA Retail Center Opportunity
      0 Tallgrass Ln, Waukee, IA 50263
      View Details
    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.
    225 Rd
    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
    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
    225 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!