Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    43 Carefree Ln Waukee, IA 50263
    Property profile & analytics

    43 Carefree Ln, Waukee, IA 50263

    View on Map
    • Neighborhood centers
    • 33,431 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • BuduBu Smoke Shop & Art Collective / (Bike/Boat/Book/etc) Store
    • Dallas County Community Closet / Clothing Store

    Property Details for 43 Carefree Ln

    Property type
    Neighborhood centers
    Property subtype
    Community centers

    Description

    This exceptional sublease opportunity presents 1,750 square feet of retail space within a thriving 33,431 square foot neighborhood center located in Waukee, Iowa, a rapidly expanding community known for its strong demographics and high household incomes. The property is situated on a 3.35-acre lot and features a single, one-story building with excellent visibility from the high-traffic Hickman Road, boasting an impressive 25,300 vehicles per day. Benefit from prominent monument signage opportunities and a strong co-tenancy lineup including national and local favorites such as Subway, Taco Bell, McDonald's, Broheim's Indoor Golf & Pub, Shanghai Chinese, Studio Bea Dance, Mary's Tailor, Taco John's, Kue'd Smokehouse, Dairy Queen, and Fareway Meat & Grocery. This location provides unparalleled access to a dense consumer base within a vibrant and growing community. The available space is ideal for a variety of retail uses and presents a unique chance to establish a presence in a prime Waukee location. The property is located in Dallas County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Waukee
    County
    Dallas
    State
    Iowa
    Longitude
    -93.8685
    Latitude
    41.6157

    Comparable in this City

    • Value Estimation by Request

      2856 Grand Pr Pkwy

      Neighborhood centers
      2856 Grand Pr Pkwy, 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
      15,000 SF

      750 Us-6

      Neighborhood centers
      750 Us-6, Waukee, IA 50263
      View Details
    • Value Estimation by Request
      10,626 SF

      255 Hickman Rd

      SHOPPING CENTER, STRIP CENTER
      255 Hickman Rd, Waukee, IA 50263
      View Details
    • Value Estimation
      $895,000
      61,730 SF

      50 Laurel St

      SHOPPING CENTER, STRIP CENTER
      50 Laurel St, Waukee, IA 50263-8299
      View Details
    • Value Estimation by Request
      12,755 SF

      100 Hickman Rd

      SHOPPING CENTER, STRIP CENTER
      100 Hickman Rd, Waukee, IA 50263-5006
      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
    • $2,950,000
      12,180 SF

      Waukee Brewery with Dog Park

      Brewery with patio and dog park near bike trail.
      255 Northwest Sunrise Dr, Waukee, IA 50263
      View Details
    • Contact for pricing
      5,947 SF

      Retail Space on Grand Prairie

      Retail space with high visibility and access.
      2980 Grand Prairie Pkwy, 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
    • Contact for pricing
      7,400 SF

      Retail Facility in Waukee, Iowa

      Established retail facility with operational systems in place for sale.
      100 4Th St, Waukee, IA 50263
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease.
      765 E Hickman Rd, 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
    • $35 SF/Yr
      170,000 SF

      Waukee Towne Center Retail Space

      Retail spaces in Waukee Towne Center near I-80 interchange.
      Grand Prairie Pkwy, 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
    • $28 SF/Yr
      12,090 SF

      Alder Point Retail Center

      Waukee, IA: Prime Retail Space Available
      0 Waukee Ia, 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 Pkwy, 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.
    43 Carefree Ln
    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
    43 Carefree Ln, 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!