Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Commercial Land Near Interstate Title is generated by Realmo AI

    10200 Plum Drive, Urbandale, IA 50322

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $3,925,000

    12 AC developable land with high visibility and easy access.

    Type:Land
    Property size:
    11 SF
    Price / SF:
    $356,818/SF
    Added:
    Nov 21, 2025
    Days on Market:
    176
    Last Refresh:
    Apr 6 at 12:01 am

    Property Features for 10200 Plum Drive

    General Information

    Standard status
    Active
    Size
    11 SF
    Property subtype
    Land

    We can help!

    Listing Contact
    Heath D. Bullock, CCIM, SIOR

    Listing agent Heath D. Bullock, CCIM, SIOR

    Listing office

    Listing date Nov 21, 2025

    Source Svn

    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 Heath D. Bullock, CCIM, SIOR

    HighLights

    • High visibility to over 100,000 drivers daily at the I‑80/35 and Hwy‑141 interchange.
    • Located within a Tax‑Increment Financing (TIF) District.
    • Easy access via multiple points from the interstate and residential roads.
    • Situated within Urbandale's "Urban Loop" development area.
    • High area household income in the direct vicinity.
    • Proximity to large‑pull retailers like Home Depot and Super Target.

    Overview

    This nearly 12-acre parcel of developable land is located within a Tax-Increment Financing (TIF) District. The site benefits from high visibility to over 100,000 drivers at the highly-traveled "Urban Loop" where I-80/35 meets the new Hwy-141 overpass. It features easy access via multiple points of ingress from the interstate, in addition to primary and secondary residential roads. This accessibility makes it suitable for both employees and customers. The interstate-facing parcel is situated within Urbandale's "Urban Loop" development, a four-square-mile economic development area connected by six miles of Interstate Highway 35/80 between Merle Hay Road and Hickman Road. The intersection, with the recent addition of the Highway 141 flyover, sees over 100,000 vehicles per day. The area's residents have a high household income and frequent existing large retailers such as Home Depot and Super Target. Potential business uses include corporate offices, big box retailers, grocery stores, and medical destinations.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Hair Salon Auto Repair Shop Big Box & Wholesale Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Urbandale
    County
    Polk
    State
    Iowa
    Longitude
    -93.7601
    Latitude
    41.6485

    Nearby Similar for Sale

    • $340,000
      962 SF

      Updated Duplex in Peaceful Urbandale

      Updated duplex with garages, fenced yard, and modern amenities.
      6004 - 6006 Townsend Avenue, Urbandale, IA 50322
      View Details
    • $329,900

      Office Building in High-Demand Corridor

      Fully occupied office building with long-term lease and built-in income.
      2400 86th Street, Urbandale, IA 50322
      View Details
    • $302,500

      Half-Acre Lot in Urbandale

      Rare executive walkout lot in established Urbandale neighborhood.
      4500 90th Circle, Urbandale, IA 50322
      View Details
    • $225,000

      Spacious Lot in Bentley Ridge

      0.39-acre daylight lot in Urbandale, near Waukee schools.
      5324 173rd Street, Urbandale, IA 50322
      View Details
    • $175,000

      Residential Lot in Bentley Ridge

      0.31-acre walkout lot with pond views in Urbandale, IA.
      17543 North Valley Drive, Urbandale, IA 50322
      View Details
    • $2,550,000
      15,000 SF

      Urbandale Warehouse with Secured Yard

      15,000 SF warehouse with renovated office and secured yard.
      3300 101st Street, Urbandale, IA, 50322
      View Details
    • $599,000
      3,723 SF

      Renovated Office Space For Sale

      Completely renovated office space with modern finishes and convenient location.
      7177 Hickman Road, Urbandale, IA 50322
      View Details
    • $495,000

      Prime Land in Urbandale

      Two parcels totaling 1.19 acres in established Urbandale.
      2931 & 2941 100th Street | Urbandale, IA 50322
      View Details
    • $1,500,000

      Modern Restaurant Ready For Sale

      Fully renovated restaurant with real estate, business, and liquor license.
      8134 Douglas Ave, Urbandale, IA 50322
      View Details
    • $550,000

      Renovated Office Space on Hickman

      Modern office space for sale in Urbandale, Iowa.
      7177 Hickman Road, Urbandale, IA 50322
      View Details
    • $220,000

      Half-Acre Lot in Urbandale, Iowa

      Rare half-acre lot in established Urbandale neighborhood.
      4517 90th Circle, Urbandale, IA 50322
      View Details
    • $1,500,000
      3,862 SF

      Modern Restaurant Ready For Operation

      Turnkey restaurant with recent renovations in high-traffic Urbandale location.
      8134 Douglas Ave, Urbandale, IA 50322
      View Details

    FAQs

    What type of property is this?
    Land - 12 AC developable land with high visibility and easy access.
    Where is this land located?
    The property is located at 10200 Plum Drive Urbandale, IA.
    What is the asking price?
    The asking price for this property is $3,925,000.
    What are key features of this property?
    This property features: High visibility to over 100,000 drivers daily at the I‑80/35 and Hwy‑141 interchange.; Located within a Tax‑Increment Financing (TIF) District.; Easy access via multiple points from the interstate and residential roads.
    (515) 554-7412
    We can help!
    Listing Contact
    Heath D. Bullock, 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
    10200 Plum Drive, Urbandale, IA 50322
    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!