Property profile

505 E Hickman Rd Waukee, IA 50263

FOR LEASE
Strip malls
Property ID
US25-1182766
19,095 SF 2.77 ac lot Built 2023
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

Prairie Commons offers prime executive office space in Waukee, Iowa. This Class A building, located at 505 E Hickman Rd, boasts 23,174 total square feet, with 7,111 square feet currently vacant. The property is situated on a highly visible, well-lit corner of Hickman Road, benefiting from significant traffic volume. Multiple tenancy options are available, with spaces ranging from a minimum of 1,404 square feet to a maximum contiguous space of 1,495 square feet. Five individual suites are currently available for lease. The building's convenient location provides easy access to a variety of amenities, including restaurants, grocery stores, and an IMAX theater, further enhancing its appeal to businesses and professionals. The property's strategic placement within a thriving commercial area ensures high visibility and accessibility, making it an ideal location for businesses seeking a prominent presence in Waukee. An endcap space with a patio is also available, offering additional outdoor space and enhanced visibility. This retail and office space is located in Dallas County, Iowa, zip code 50263. The property is categorized as Class A and is perfect for businesses seeking a modern and well-located office environment.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2023
Total area 19,095 SF
Lot 2.77 ac (120,462 SF)
APN 1227456001
UPID US25-1182766

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Cafe & Coffee Shop
  • Restaurant
  • Gym & Fitness Center Spa & Massage Center

Location

505 E Hickman Rd Waukee, IA 50263
Waukee metro Census 50803 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$190k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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