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    106 Towne Ctr Dr Urbana, IA 52345

    For Lease
    $15 SF/Yr ($5,040 /Mo)

    Modern Office Suites, Multiple Tenancies Available

    Lot size:
    4,032 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional Class A commercial property, located at 106 Towne Centre Dr #3-4 in Benton County, offers a unique opportunity for businesses seeking versatile office space. Built in 2022, this single-story, 4,032 square foot multi-tenant building boasts a variety of configurations suitable for executive offices, traditional offices, coworking spaces, or creative office environments. Currently, two units are leased, leaving 1,224 square feet of vacant space immediately available. One vacant unit comprises 1,224 square feet, offering ample room for expansion or a larger tenant. The building is zoned for commercial use (Comm) and features modern finishes including paint and carpeting in each unit. Each unit is equipped with separate utilities and a private restroom, ensuring convenience and privacy for occupants. The lease structure is a modified gross lease, with tenants responsible for utilities and insurance. This makes it an ideal location for small businesses or satellite offices seeking a professional and well-maintained workspace. The property's convenient location and modern amenities make it an attractive option for a variety of businesses. Don't miss this chance to secure your space in this thriving Benton County commercial hub.

    Property Features for 106 Towne Ctr Dr

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,032 SF
    Class
    A
    Total Rate
    5040

    Building Details

    Year Built
    2022
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    106 Towne Centre Dr #3-4
    Size
    1,224 SF
    Rate per SF
    $15

    HighLights

    • Class A, 4,032 SF multi‑tenant office building in Benton County.
    • One‑story, 2022 construction.
    • 1,224 SF of vacant space available.
    • Modified gross lease; tenant pays utilities and insurance.
    • Units feature paint, carpet, separate utilities, and restrooms.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Map

    City
    Urbana
    County
    Benton
    State
    Iowa
    Longitude
    -91.885595
    Latitude
    42.226819

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    FAQs

    What type of property is this?
    Office space - Modern Office Suites, Multiple Tenancies Available
    Where is this office space located?
    The property is located at 106 Towne Ctr Dr Urbana, IA.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Class A, 4,032 SF multi-tenant office building in Benton County.; One-story, 2022 construction.; 1,224 SF of vacant space available.
    Request Owner's contact information
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    Realmo Value Estimation

    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.

    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.

    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
    106 Towne Ctr Dr Urbana, IA 52345
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