Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Updated Office Space Available Title is generated by Realmo AI

    11017-11051 Aurora Ave, Urbandale, IA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Sublease available with updated office space, ample parking, and amenities.

    Type:OFFICE
    Property size:
    15,250 SF
    Lot size:
    5.37 Acres
    Added:
    Nov 29, 2023
    Days on Market:
    900
    Last Refresh:
    Apr 5 at 8:31 pm

    Property Features for 11017-11051 Aurora Ave

    General Information

    Standard status
    Active
    Size
    15,250 SF
    Lot size
    5.37 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 11017-11051 Aurora Ave Contact us

    We can help!

    Listing Contact
    Justin Lossner, CCIM, SIOR

    Listing agent Justin Lossner, CCIM, SIOR

    Listing office JLL

    Listing date Nov 29, 2023

    Source Moodyscre

    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 JLL

    HighLights

    • Updated office space with private offices, conference space, kitchenette, and open office
    • Easy interstate access combined with park amenities including a fitness center, training center, and conference room
    • Ample parking
    • Sublease availability of 15,250 RSF, available now
    • Lease rate: $8.52‑8.69 RSF NNN
    • Potential for furniture to be included in the sublease

    Overview

    This sublease opportunity features 15,250 square feet of updated office space, available now. The lease expires on November 30, 2026, with a lease rate of $8.52 to $8.69 per square foot NNN. The office space includes private offices, conference space, a kitchenette area, and an open office layout. Ample parking is available. The property offers easy interstate access and includes park amenities such as a fitness center, training center, and conference room. There is potential for some furniture to be included in the sublease. The property is located on Aurora Avenue in Urbandale, Iowa.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Urbandale
    County
    Polk
    State
    Iowa
    Longitude
    -93.7333537
    Latitude
    41.6304923

    Nearby Similar for Lease

    • $9 SF/Yr
      15,000 SF

      Renovated Office Building in Urbandale

      Recently renovated Urbandale office building with flexible lease terms.
      2600 72nd Street, Urbandale, IA, 50322
      View Details
    • $12 SF/Yr
      8,945 SF

      Retail Showroom & Warehouse Space

      Retail showroom and warehouse space available for lease in Urbandale.
      10121 Hickman Road, Urbandale, IA, 50322
      View Details
    • $22 SF/Yr
      4,968 SF

      Restaurant Ready for Immediate Occupancy

      Second-generation restaurant space in established Urbandale neighborhood.
      4810 86th Street, Urbandale, IA, 50322
      View Details
    • $16 SF/Yr
      4,265 SF

      Retail Space in Urbandale

      Retail space available in a multi-tenant building in Urbandale.
      3701-3757 86th St, Urbandale, IA
      View Details
    • Contact for pricing
      1,310 SF

      Cobblestone Marketplace Retail Sublease Opportunity

      High-traffic retail space available in Urbandale's Cobblestone Marketplace.
      8515 Hickman Road | Urbandale, IA 50322
      View Details
    • $12 SF/Yr
      1,230 SF

      Retail and Office Spaces Available

      Retail and office spaces for lease in Urbandale, Iowa.
      7611 Douglas Ave, Urbandale, IA
      View Details
    • $10 SF/Yr
      57,546 SF

      High-Traffic Urbandale Retail Center

      Retail spaces available in high-traffic Urbandale neighborhood center.
      8401 Hickman Road, Urbandale, IA 50322
      View Details
    • $9 SF/Yr
      4,500 SF

      Urbandale Warehouse Space For Lease

      Warehouse space with excellent visibility and convenient access for lease.
      10081 Hickman Road, Urbandale, IA, 50322
      View Details
    • $15 SF/Yr
      157,488 SF

      Six-Story Office Building For Lease

      Office building for lease in Urbandale, Iowa.
      6200 Northwest Aurora Avenue, Urbandale, IA, 50322
      View Details
    • $10 SF/Yr
      1,941 SF

      Retail Space in Urbandale Center

      Retail space with excellent visibility and access in Urbandale.
      7020 Douglas Avenue, Urbandale, IA, 50322
      View Details
    • $10 SF/Yr
      25,088 SF

      Visible Office Space on Merle Hay

      Highly visible office space with utilities included near I-80.
      4685 Merle Hay Road, Des Moines, Iowa, IA 50322
      View Details
    • $12 SF/Yr
      9,148 SF

      Retail Showroom with Flex Space

      Retail frontage, showroom, flex space, and drive-in doors.
      10101 Hickman Rd, Urbandale, IA
      View Details

    FAQs

    What type of property is this?
    Office units - Sublease available with updated office space, ample parking, and amenities.
    Where is this office units located?
    The property is located at 11017-11051 Aurora Ave Urbandale, IA.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: Updated office space with private offices, conference space, kitchenette, and open office; Easy interstate access combined with park amenities including a fitness center, training center, and conference room; Ample parking
    (515) 371-0846 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Justin Lossner, CCIM, SIOR
    Learn More
    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
    11017-11051 Aurora Ave, Urbandale, IA
    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!