Flex Warehouse with Two Dock
For Sale
$3,900,000
10435 New York Ave, Urbandale, IA 50322
Newly remodeled office with warehouse production area and two dock doors, supported by 600-amp 3-phase power.
Property Size29,632 SF
Days on Market105
Property Features for 10435 New York Ave
General Information
Standard status
Active
Size
29,632 SF
Class
B
Property subtype
Office
Warehouse & Industrial
Dock-High Doors
2
Heavy Power
Yes
Additional Details
Highway Access
Yes
Building Details
Building Size
29,632 SF
Listing Agency:
Ferguson Commercial Real Estate Services
Listed By:
Darin Ferguson · License #B35169000
(515) 778-6683
Source:
Fergusoncres
Added: Jun 25
Changed: Sep 18
Last Checked: Oct 5 at 4:32PM
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 Ferguson Commercial Real Estate Services
Investment Insights
Based on property information with market context.
This for-sale flex property combines newly remodeled office space with a warehouse/production area designed to support loading and light industrial operations. The building includes two dock doors and a 600-amp, 120/208V, three-phase electric service, making it suitable for a range of production and warehouse uses that require reliable power.
The property is set on a large lot with extensive parking, providing room for day-to-day customer or employee traffic and additional site needs. Public remarks also note close proximity to Interstate 80/35, supporting convenient access for logistics and commuting.
For tenants, buyers, or operators seeking a single site that brings together office functionality and warehouse or production capability, this configuration can simplify move-in planning. The combination of docked loading, substantial parking, and on-site office space supports a practical workflow for businesses that need both administrative and operational space. The large lot also presents flexibility for future site planning, subject to applicable approvals.
The property is set on a large lot with extensive parking, providing room for day-to-day customer or employee traffic and additional site needs. Public remarks also note close proximity to Interstate 80/35, supporting convenient access for logistics and commuting.
For tenants, buyers, or operators seeking a single site that brings together office functionality and warehouse or production capability, this configuration can simplify move-in planning. The combination of docked loading, substantial parking, and on-site office space supports a practical workflow for businesses that need both administrative and operational space. The large lot also presents flexibility for future site planning, subject to applicable approvals.
Key Highlights
- Newly remodeled office space with warehouse/production area
- Warehouse includes two dock doors for loading
- 600‑amp, 120/208V 3‑phase electric service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$121,500
Cap Rate
3.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,430,000
$2.4M
Cap Rate 7%
$1,735,714
$1.7M
Cap Rate 9%
$1,350,000
$1.4M
Market Conditions
NOI Build-Up for 29,632 SF
Gross rent
$188.5K $6.36/SF
− Vacancy
−$14.9K −$0.50/SF
EGI
$173.6K $5.86/SF
− OpEx
−$52.1K −$1.76/SF
NOI
$121.5K $4.10/SF
Area
Polk County, IA
Vacancy
7.90%
Lease Rate
$6.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,430,000
Cap Rate 7%
$1,735,714
Cap Rate 9%
$1,350,000
Alternative Uses
Best Use
Flex RnD
$28.52M
$24.96M – $33.28M
NOI $1,996,724 @ 7.0% cap · market cap 51.20%
Second Best
Warehouse
$23.86M
$20.88M – $27.84M
NOI $1,670,214 @ 7.0% cap · market cap 42.83%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Dock-high doors
Yes
Heavy power
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,279
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 50322, IA
31,652
Population
13,293
Households
2.4
Avg Household Size
40
Median Age
42%
College-Educated
93%
High-School Grad
10.8 sq mi
ZIP Area
2,931
Density / Sq Mi
$89,323
Median Household Income
$48,016
Median Earnings
$1,151
Median Rent
$263,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
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Similar Off Market Nearby
- Machine Shed Restaurant Urbandale — 11151 Hickman Rd, Urbandale, IA 50322
- New Horizon Foods, Inc. — 2670 106th St, Urbandale, IA 50322
Frequently Asked Questions
What type of property is this?
Flex space - Newly remodeled office with warehouse production area and two dock doors, supported by 600-amp 3-phase power.
Where is this flex space located?
The property is located at 10435 New York Ave Urbandale, IA.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: Newly remodeled office space with warehouse/production area; Warehouse includes two dock doors for loading; 600‑amp, 120/208V 3‑phase electric service
