Industrial Flex Facility with
3961 106th Street, Urbandale, IA 50322
For Sale
Contact for pricing
A mixed warehouse and office layout includes private offices, upgraded HVAC, and three-phase power.
Property Size20,900 SF
Price / SF$131.58
Days on Market31
Property Features for 3961 106th Street
General Information
Standard status
Size
Property subtype
Warehouse & Industrial
Clear Height
Clear Span
Warehouse Space
Office Build-Out
Dock-High Doors
Drive-In Doors
Three-Phase Power
Additional Details
Highway Access
Property Use
Building Details
Building Size
Listing Agency:
Colliers
Listed By:
Brittany Freund · License IA S61887000
(515) 561-9277
Source:
Crexi
Added: Oct 12
Changed: Nov 8
Last Checked: Nov 10 at 7:53AM
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 Colliers
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Investment Insights
Based on property information with market context.
This 20,900-square-foot industrial flex facility combines 17,900 square feet of warehouse area with 3,000 square feet of office space, including six private offices. The warehouse has 24- to 25-foot clear heights, a partially clear-span layout, two dock-high doors, and a 12' x 14' drive-in door. A recently installed heavy-duty HVAC system and three-phase power serve the building, with more than 25 paved parking spaces on site.
The property is in Urbandale’s established industrial corridor, with access to I-35, I-80, and Highway 141. Its mix of warehouse and office space supports a range of industrial and service operations.
The property is in Urbandale’s established industrial corridor, with access to I-35, I-80, and Highway 141. Its mix of warehouse and office space supports a range of industrial and service operations.
Key Highlights
- 20,900 square feet, including 17,900 square feet of warehouse and 3,000 square feet of office space
- Six private offices and a partially clear‑span warehouse
- 24'-25' clear heights
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$117,110
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,342,200
$2.3M
Cap Rate 7%
$1,673,000
$1.7M
Cap Rate 9%
$1,301,222
$1.3M
Market Conditions
NOI Build-Up for 20,900 SF
Gross rent
$195.6K $9.36/SF
− Vacancy
−$15.5K −$0.74/SF
EGI
$180.2K $8.62/SF
− OpEx
−$63.1K −$3.02/SF
NOI
$117.1K $5.60/SF
Area
Polk County, IA
Vacancy
7.90%
Lease Rate
$9.36 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,342,200
Cap Rate 7%
$1,673,000
Cap Rate 9%
$1,301,222
Alternative Uses
Best Use
Flex RnD
$1.67M
$1.46M – $1.95M
NOI $117,110 @ 7.0% cap · market cap 4.26%
Second Best
Warehouse
$1.40M
$1.23M – $1.64M
NOI $98,169 @ 7.0% cap · market cap 3.57%
Theoretical Best
Office A
$5.15M
$4.50M – $6.01M
NOI $360,309 @ 7.0% cap · market cap 13.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
25 ft
Clear height
2
Dock-high doors
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,023
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
$263,900
Median Home Value
Market
Average Price Trend$/SF for Flex space in Polk County, IA
Properties on Market for Flex space in Polk County
Vacancy Rate% for Industrial in Midwest region
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 - A mixed warehouse and office layout includes private offices, upgraded HVAC, and three-phase power.
Where is this flex space located?
The property is located at 3961 106th Street Urbandale, IA.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: 20,900 square feet, including 17,900 square feet of warehouse and 3,000 square feet of office space; Six private offices and a partially clear‑span warehouse; 24'-25' clear heights
