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    Retail Center in Urbandale Heart

    7020 Douglas Avenue Urbandale, IA 50322

    7020 Douglas Avenue, Urbandale, IA, 50322
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    For Sale
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    Prime retail center with excellent visibility and access.

    Property Size12,868 SF
    Price / SF$116.57
    AddedMay 12
    Days on Market65
    Last RefreshJul 4 at 7:28 am

    Property Features for 7020 Douglas Avenue

    General Information

    Standard status
    Active
    Size
    12,868 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1977

    Listing office CBRE - Des Moines

    Listing date May 12, 2026

    Source Crexi

    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 CBRE - Des Moines

    Investment Insights

    Based on property information with market context.

    Located in the heart of Urbandale, this retail center offers a prime location with excellent visibility and access. Facing Douglas Avenue, the center is suitable for businesses aiming to attract local customers. The property has a size of 12868 square feet.

    Key Highlights

    • Prime location in the heart of Urbandale.
    • Excellent visibility.
    • Easy access.

    Local Financial Insights For Retail

    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 $185.3k $14.40
    − Vacancy −$15.8k −$1.22
    EGI $169.5k $13.18
    − OpEx −$50.9k −$3.95
    NOI $118.7k $9.22
    12,868 SF · lease $14.40/SF/yr · vacancy 8.50% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $1.70M
    $1.48M – $1.98M (±1% cap)
    NOI $118,684 @ 7.0% cap · market cap 7.91%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Flex RnD
    $12.39M
    $10.84M – $14.45M (±1% cap)
    NOI $867,098 @ 7.0% cap · market cap 57.81%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    HVAC Service Grocery & Convenience Store Skin Care Clinic Electrical Service Law Firm Plumbing Service Garden Center Real Estate Agency Home Appliance Store (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

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    Similar Off Market Nearby

    • Cedar Ridge Shopping Center — Douglas Ave, Urbandale, IA 50322
    • Merle Hay Mall — 3800 Merle Hay Rd, Des Moines, IA 50310
    • Urban Plaza — 6401 Douglas Ave, Urbandale, IA 50322
    • Nvigorating — Des Moines, IA 50322
    • Merle Hay Tower — Des Moines, IA 50322

    FAQs

    What type of property is this?
    Shopping center - Prime retail center with excellent visibility and access.
    Where is this shopping center located?
    The property is located at 7020 Douglas Avenue Urbandale, IA.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: Prime location in the heart of Urbandale.; Excellent visibility.; Easy access.
    Contact an agent
    (515) 415-6106 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Bill Wright
    Bill Wright
    Real Estate License ID: IA S33231000
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