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

    11304 NW Aurora Ave. Urbandale, IA 50322

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

    Office and warehouse space in Aurora Business Park.

    Type:Office
    Added:
    Jan 24, 2024
    Days on Market:
    823
    Last Refresh:
    Mar 17 at 1:21 pm

    Property Features for 11304 NW Aurora Ave.

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1990

    Spaces For Lease

    at 11304 NW Aurora Ave. Contact us

    11302 Aurora Avenue $9 /Mo

    Size
    3,069 SF
    Type
    Office
    Contact us

    We can help!

    Listing Contact
    Colton Rupprecht

    Listing agent Colton Rupprecht License #NE

    Listing office R&R Realty Group Omaha

    Listing date Jan 24, 2024

    Source Crexi

    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 R&R Realty Group Omaha

    Overview

    Class A Office/Warehouse Space

    Building 11 is situated within Aurora Business Park, a Class A development designed to accommodate both office and warehouse operations. The business park provides several amenities, including a wellness center, a conference center, on-site professional property management, walking and jogging trails, outdoor seating areas, and complimentary parking. The building benefits from immediate access to Douglas Avenue and Meredith Drive, facilitating connections to downtown Des Moines and major transportation routes such as I-80 and I-35. The Des Moines International Airport is also easily accessible from this location.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    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
    -93.7353
    Latitude
    41.632

    Nearby Similar for Lease

    • $9 SF/Yr

      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

      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

      Restaurant Ready for Immediate Occupancy

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

      Retail Space in Urbandale

      Retail space available in a multi-tenant building in Urbandale.
      3701-3757 86th St, Urbandale, IA
      View Details
    • $10 SF/Yr

      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

      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

      Six-Story Office Building For Lease

      Office building for lease in Urbandale, Iowa.
      6200 Northwest Aurora Avenue, Urbandale, IA, 50322
      View Details
    • Contact for pricing

      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

      Retail Showroom with Flex Space

      Retail frontage, showroom, flex space, and drive-in doors.
      10101 Hickman Rd, Urbandale, IA
      View Details
    • $10 SF/Yr

      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
    • $14 SF/Yr

      Retail Space with Dock Door

      3,600 SF retail space available for lease.
      2701 86th St, Urbandale, IA
      View Details
    • $4 SF/Yr

      Urbandale Warehouse with Dock Doors

      115,000 SF warehouse with 14 dock doors for lease.
      4301 121st Street, Urbandale, IA, 50323
      View Details

    FAQs

    What type of property is this?
    Office building - Office and warehouse space in Aurora Business Park.
    Where is this office building located?
    The property is located at 11304 NW Aurora Ave. Urbandale, IA.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: Immediate access to Douglas Avenue and Meredith Drive.; Convenient connections to I‑80/I‑35 and Des Moines International Airport.; Located in Aurora Business Park, a Class A development.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Colton Rupprecht
    Real Estate License ID: NE
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!