Warehouse with Multiple Drive-In
3833 70th St Urbandale, IA 50322
For Sale
Contact for pricing
Former auto body facility offering mostly warehouse space with multiple drive-in doors and small office area.
Property Size13,237 SF
Price / SF$120.87
Days on Market125
Property Features for 3833 70th St
General Information
Standard status
Active
Size
13,237 SF
Property subtype
INDUSTRIAL
Listing Agency:
Anderson Properties
(515) 270-6104
Listed By:
Jeff Saddoris
Source:
Moodyscre
Added: Mar 27
Changed: Jul 28
Last Checked: Jul 29 at 12:28PM
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 Anderson Properties
Investment Insights
Based on property information with market context.
This property is a former auto body facility offering mostly warehouse space plus a small office area. The available portion includes multiple drive-in doors, supporting straightforward warehouse access and workflow.
The building is located at 3833 70th St in Urbandale, Iowa. The offering notes that the property has 7,555 sf leased to Shade Tree Auto, with 4,236 sf available.
Overall, the configuration is suited to an owner-user or tenant seeking warehouse space with direct drive-in access and some office support.
The building is located at 3833 70th St in Urbandale, Iowa. The offering notes that the property has 7,555 sf leased to Shade Tree Auto, with 4,236 sf available.
Overall, the configuration is suited to an owner-user or tenant seeking warehouse space with direct drive-in access and some office support.
Key Highlights
- Former Urbandale auto body facility at 70th and Douglas in Urbandale, IA
- 4,236 SF available space with 7,555 SF currently leased to Shade Tree Auto
- Mostly warehouse space with multiple drive‑in doors
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $84.2k | $6.36 |
| − Vacancy | −$6.7k | −$0.50 |
| EGI | $77.5k | $5.86 |
| − OpEx | −$23.3k | −$1.76 |
| NOI | $54.3k | $4.10 |
13,237 SF · lease $6.36/SF/yr · vacancy 7.90% · expense 30.00%
Alternative Uses
Best Use
Flex RnD
$12.74M
$11.15M – $14.87M
NOI $891,963 @ 7.0% cap · market cap 55.75%
Second Best
Warehouse
$10.66M
$9.33M – $12.44M
NOI $746,106 @ 7.0% cap · market cap 46.63%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Warehouse - Former auto body facility offering mostly warehouse space with multiple drive-in doors and small office area.
Where is this warehouse located?
The property is located at 3833 70th St Urbandale, IA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Former Urbandale auto body facility at 70th and Douglas in Urbandale, IA; 4,236 SF available space with 7,555 SF currently leased to Shade Tree Auto; Mostly warehouse space with multiple drive‑in doors
