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    4093-4121 Urbandale Dr Urbandale, IA 50322

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    For Lease
    Contact for pricing

    Des Moines West Office/Industrial Space

    Lot size:
    90,000 SF

    Property Features for 4093-4121 Urbandale Dr

    General Information

    Property type
    Life science properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    90,000 SF
    Class
    B
    Total Rate
    37500

    Building Details

    Year Built
    2001
    Buildings
    1
    Stories
    1

    Spaces For Lease

    at 4093-4121 Urbandale Dr, Urbandale, IA 50322 Contact us
    Unit 4093

    $8 /Mo

    Size
    12,208 SF
    Contact us
    Unit 4099-4103

    $5 /Mo

    Size
    33,028 SF
    Contact us

    We can help!

    Listing Contact
    Darcy Gill
    Darcy Gill

    Listing Agency: Denny Elwell Company Listing Agent: Darcy Gill

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 90,000 square foot, single-story Northshore Office Complex in Urbandale, Iowa, presents a unique investment opportunity. Located at 4093-4121 NW Urbandale Dr, this Class B property boasts a prime location within the IA - Des Moines West submarket, offering easy access to major transportation routes. Built in 2001, the building features a flexible layout suitable for various uses, including executive office, flex space, warehouse, R&D, mixed-use, and showroom applications. With a generous lot size of 8.32 acres, the property provides ample space for expansion or outdoor activities. The complex offers two suites, with a minimum divisible space of 12,208 square feet and a maximum contiguous space of 33,028 square feet. Currently, 45,236 square feet is available for lease. High ceilings ranging from 12 to 16 feet provide versatile options for various business needs. Abundant parking is available with 455 parking stalls, offering a generous 5:1 parking ratio. The M-1 Light Industrial zoning allows for a wide range of commercial uses. This property is situated in Polk County, Iowa, and offers a compelling combination of space, location, and functionality for businesses seeking a strategic presence in the Des Moines West area. Contact us today to learn more about this outstanding opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Life science properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Spa & Massage Center Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Urbandale
    County
    Polk
    State
    Iowa
    Longitude
    -93.7593303
    Latitude
    41.6363393

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    FAQs

    What type of property is this?
    Life science property - Des Moines West Office/Industrial Space
    Where is this life science property located?
    The property is located at 4093-4121 Urbandale Dr Urbandale, IA.
    What is the lease rate?
    The lease rate is $5-$8 SF/Yr.
    What are key features of this property?
    This property features: 208 SF Office Suite, Suite 409312, $8.00 PSF NNN.; 208 SF office space, recently renovated with a mix of private offices and open areas, including an outdoor patio.; 13,050 - 33,028 SF of flexible space (Suites 4099-4103), $5.00 PSF NNN (with qualifying lease).
    (515) 964-1587 Call to check price and availability
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    4093-4121 Urbandale Dr Urbandale, IA 50322
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    Urbandale, IA 50322
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4093-4121 Urbandale Dr Urbandale, IA 50322
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Darcy Gill
    Darcy Gill
    Real Estate License ID: S56688000
    (515) 964-1587 (515) 238-5793
    Learn more
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