Urbandale Auto Shop For
For Sale
Contact for pricing
Pending
6400 Douglas Avenue, Urbandale, IA 50322
1,850 SF auto shop with two drive-in bays.
Property Size1,850 SF
Days on Market147
Property Features for 6400 Douglas Avenue
General Information
Standard status
Pending
Size
1,850 SF
Property subtype
Retail
Listing Agency:
Metro Commercial Real Estate, LLC
Listed By:
Jacob Imming · License #73066000
Source:
Crexi
Added: May 21
Changed: Sep 29
Last Checked: Oct 12 at 7:50PM
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 Metro Commercial Real Estate, LLC
Investment Insights
Based on property information with market context.
This 1,850 square foot building is suitable for auto shops, automotive properties, retail spaces, and general commercial real estate. The property features two drive-in shop bays, an office, and a showroom/waiting room. The building has concrete floors and ample exterior parking. The property has potential for a dealership license.
Key Highlights
- 1,850 SF Building featuring concrete floors.
- Two drive‑in shop bays.
- Office showroom/waiting room.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,063
Cap Rate
3.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$341,260
$341.3K
Cap Rate 7%
$243,757
$243.8K
Cap Rate 9%
$189,589
$189.6K
Market Conditions
NOI Build-Up for 1,850 SF
Gross rent
$26.6K $14.40/SF
− Vacancy
−$2.3K −$1.22/SF
EGI
$24.4K $13.18/SF
− OpEx
−$7.3K −$3.95/SF
NOI
$17.1K $9.22/SF
Area
Polk County, IA
Vacancy
8.50%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$341,260
Cap Rate 7%
$243,757
Cap Rate 9%
$189,589
Alternative Uses
Best Use
Retail
$243.8K
$213.3K – $284.4K
NOI $17,063 @ 7.0% cap · market cap 3.41%
Second Best
Industrial
$108.4K
$94.8K – $126.4K
NOI $7,586 @ 7.0% cap · market cap 1.52%
Theoretical Best
Flex RnD
$1.78M
$1.56M – $2.08M
NOI $124,660 @ 7.0% cap · market cap 24.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,037
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Scott's Automotive, LLC — 2904 61st St, Des Moines, IA 50322
- Speedy Bee Auto Repair — 3206 68th St, Urbandale, IA 50322
- Lorenzo's 1 stop auto shop — 6306 Boston Ave, Urbandale, IA 50322
- Tires Plus — 3130 Merle Hay Rd, Des Moines, IA 50310
- Lane's Automotive Service and Repair — 6400 Douglas Ave, Urbandale, IA 50322
Frequently Asked Questions
What type of property is this?
Auto shop - 1,850 SF auto shop with two drive-in bays.
Where is this auto shop located?
The property is located at 6400 Douglas Avenue Urbandale, IA.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 1,850 SF Building featuring concrete floors.; Two drive‑in shop bays.; Office showroom/waiting room.
