Retail Center in Urbandale
For Sale
Contact for pricing
7020 Douglas Avenue, Urbandale, IA 50322
Prime retail center with excellent visibility and access.
Property Size12,868 SF
Price / SF$112.68
Days on Market156
Property Features for 7020 Douglas Avenue
General Information
Standard status
Active
Size
12,868 SF
Property subtype
Retail
Occupancy
92%
Net Operating Income
$110,996
Building Details
Year Built
1977
Listing Agency:
CBRE - Des Moines
Listed By:
Bill Wright · License #IA S33231000
(515) 210-3050
Source:
Crexi
Added: May 12
Changed: Oct 4
Last Checked: Oct 12 at 7:37PM
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$118,684
Cap Rate
8.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,373,680
$2.4M
Cap Rate 7%
$1,695,486
$1.7M
Cap Rate 9%
$1,318,711
$1.3M
Market Conditions
NOI Build-Up for 12,868 SF
Gross rent
$185.3K $14.40/SF
− Vacancy
−$15.8K −$1.22/SF
EGI
$169.5K $13.18/SF
− OpEx
−$50.9K −$3.95/SF
NOI
$118.7K $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%
$2,373,680
Cap Rate 7%
$1,695,486
Cap Rate 9%
$1,318,711
Alternative Uses
Best Use
Retail
$1.70M
$1.48M – $1.98M
NOI $118,684 @ 7.0% cap · market cap 8.19%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$12.39M
$10.84M – $14.45M
NOI $867,098 @ 7.0% cap · market cap 59.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
559
Businesses Nearby
Balanced
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Cedar Ridge Shopping Center — Douglas Ave, Urbandale, IA 50322
- Urban Plaza — 6401 Douglas Ave, Urbandale, IA 50322
- Merle Hay Mall — 3800 Merle Hay Rd, Des Moines, IA 50310
- Nvigorating — Des Moines, IA 50322
- Merle Hay Tower — Des Moines, IA 50322
Frequently Asked Questions
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 $1,450,000.
What are key features of this property?
This property features: Prime location in the heart of Urbandale.; Excellent visibility.; Easy access.
