Stand-Alone Office Building For
For Sale
Contact for pricing
Pending
3708 75th St, Urbandale, IA 50322
Office building in Urbandale with easy metro access.
Property Size2,780 SF
Lot Size0.22 Acres
Days on Market179
Property Features for 3708 75th St
General Information
Standard status
Pending
Size
2,780 SF
Class
B
Lot size
0.22 Acres
Property subtype
Office
Building Details
Year Built
1987
Buildings
1
Stories
1
Units
1
Listing Agency:
Stanbrough Realty
(515) 334-3345
Listed By:
Andrew McCune · License #IA S64937000
Source:
Crexi
Added: Feb 19
Changed: Aug 8
Last Checked: Jul 24 at 10:53AM
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 Stanbrough Realty
Investment Insights
Based on property information with market context.
A stand-alone office building is available for sale, situated on 75th Street in Urbandale, providing convenient access to the entire Des Moines metro area. The building encompasses a total of 2,780 square feet on the main level, complemented by a 710 square foot basement. The current layout features a reception area, eight private offices, a conference room, a bullpen area, a kitchenette/breakroom, and two restrooms. The property is located on a 0.22-acre lot and includes a dock door for enhanced functionality and dedicated signage, offering a strong presence for potential occupants. This property is suitable for an owner-occupant seeking a well-located office building.
Key Highlights
- Centrally located in Urbandale with easy access to the entire Des Moines metro.
- Stand‑alone office building with dedicated signage for a strong presence.
- 2,780 square feet on the main level plus a 710 square foot basement.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,629
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.18%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$732,580
$732.6K
Cap Rate 7%
$523,271
$523.3K
Cap Rate 9%
$406,989
$407.0K
Market Conditions
NOI Build-Up for 2,780 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$61.0K $21.96/SF
− Vacancy
−$12.2K −$4.39/SF
EGI
$48.8K $17.57/SF
− OpEx
−$12.2K −$4.39/SF
NOI
$36.6K $13.18/SF
Area
Polk County, IA
Vacancy
20.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$732,580
Cap Rate 7%
$523,271
Cap Rate 9%
$406,989
Alternative Uses
Best Use
Office B
$523.3K
$457.9K – $610.5K
NOI $36,629 @ 7.0% cap · market cap 9.18%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$2.68M
$2.34M – $3.12M
NOI $187,328 @ 7.0% cap · market cap 46.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
457
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office building in Urbandale with easy metro access.
Where is this office building located?
The property is located at 3708 75th St Urbandale, IA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Centrally located in Urbandale with easy access to the entire Des Moines metro.; Stand‑alone office building with dedicated signage for a strong presence.; 2,780 square feet on the main level plus a 710 square foot basement.
