Mixed-Use Property with Wash-Down
For Sale
Contact for pricing
2311 Rocklyn Drive, Urbandale, IA 50322
The property includes installed wash-down infrastructure and a built-in reception area.
Property Size1,798 SF
Price / SF$152.95
Days on Market54
Property Features for 2311 Rocklyn Drive
General Information
Standard status
Active
Size
1,798 SF
Property subtype
Retail, Office
Zoning
C-N
Amenities
Turn-key wash-down infrastructure in-place
Reception area built-in
Monument signage available
Ample parking available
Building Details
Year Built
1972
Buildings
1
Listing Agency:
Cushman & Wakefield Iowa Commercial Advisors
Listed By:
Corey Sedrel · License #B67845000
(515) 979-1454
Source:
Crexi
Added: Aug 26
Changed: Oct 16
Last Checked: Oct 16 at 8:12AM
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 Cushman & Wakefield Iowa Commercial Advisors
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Investment Insights
Based on property information with market context.
This 1,798-square-foot mixed-use property, built in 1972, includes installed wash-down infrastructure and a built-in reception area. Monument signage is available, and the property offers ample parking.
Located at 2311 Rocklyn Drive in Urbandale, the property is near residential and retail uses, including Wasabi. C-N zoning is in place.
Located at 2311 Rocklyn Drive in Urbandale, the property is near residential and retail uses, including Wasabi. C-N zoning is in place.
Key Highlights
- 1,798 SF mixed‑use property built in 1972
- Installed wash‑down infrastructure
- Built‑in reception area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,800
Cap Rate
6.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$356,000
$356.0K
Cap Rate 7%
$254,286
$254.3K
Cap Rate 9%
$197,778
$197.8K
Market Conditions
NOI Build-Up for 1,798 SF
Gross rent
$32.4K $18.00/SF
− Vacancy
−$3.9K −$2.16/SF
EGI
$28.5K $15.84/SF
− OpEx
−$10.7K −$5.94/SF
NOI
$17.8K $9.90/SF
Area
Polk County, IA
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$356,000
Cap Rate 7%
$254,286
Cap Rate 9%
$197,778
Alternative Uses
Best Use
Mixed Use
$254.3K
$222.5K – $296.7K
NOI $17,800 @ 7.0% cap · market cap 6.47%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$1.73M
$1.51M – $2.02M
NOI $121,157 @ 7.0% cap · market cap 44.06%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
410
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The property includes installed wash-down infrastructure and a built-in reception area.
Where is this mixed-use property located?
The property is located at 2311 Rocklyn Drive Urbandale, IA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 1,798 SF mixed‑use property built in 1972; Installed wash‑down infrastructure; Built‑in reception area
