Office Space in Growing
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4440-4456 128th St, Urbandale, IA
Office property in a rapidly growing area of Urbandale.
Property Size3,600 SF
Lot Size1.93 Acres
Price / SF$354.17
Days on Market373
Property Features for 4440-4456 128th St
General Information
Standard status
Active
Size
3,600 SF
Lot size
1.93 Acres
Property subtype
OFFICE
Listing Agency:
The Siedenburg Group
(515) 223-6222
Listed By:
Ryan Siedenburg · License #S63895000
(515) 339-9616
Source:
Moodyscre
Added: Oct 7, 2025
Changed: Jul 10
Last Checked: Oct 12 at 8:54PM
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 The Siedenburg Group
Investment Insights
Based on property information with market context.
The property, located off Meredith Drive and NW 128th Street in Urbandale, Iowa, offers an opportunity for an owner or user. The property contains 3,600 square feet and is situated in a rapidly growing corridor of Urbandale.
Key Highlights
- Located in a rapidly growing corridor of Urbandale, Iowa.
- Excellent opportunity for an owner/user.
- Located off Meredith and NW 128th Street.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,434
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$948,680
$948.7K
Cap Rate 7%
$677,629
$677.6K
Cap Rate 9%
$527,044
$527.0K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$79.1K $21.96/SF
− Vacancy
−$15.8K −$4.39/SF
EGI
$63.2K $17.57/SF
− OpEx
−$15.8K −$4.39/SF
NOI
$47.4K $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 Rate 5%
$948,680
Cap Rate 7%
$677,629
Cap Rate 9%
$527,044
Alternative Uses
Best Use
Office B
$677.6K
$592.9K – $790.6K
NOI $47,434 @ 7.0% cap · market cap 3.72%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$3.47M
$3.03M – $4.04M
NOI $242,583 @ 7.0% cap · market cap 19.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
564
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - Office property in a rapidly growing area of Urbandale.
Where is this office building located?
The property is located at 4440-4456 128th St Urbandale, IA.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: Located in a rapidly growing corridor of Urbandale, Iowa.; Excellent opportunity for an owner/user.; Located off Meredith and NW 128th Street.
