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Property profile

4020 121St St Urbandale, IA 50323

OFF-MARKET
Office Spaces
20,856 SF 3.99 ac lot Built 2017
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Property summary

AI-generated overview

This exceptional commercial property, located at 4020 121st Street in Urbandale, Iowa, offers 20,856 square feet of versatile office space situated on a generous 3.99-acre lot. The building boasts multiple offices, providing ample room for a variety of business configurations. Convenient amenities include dedicated men's and women's restrooms, a comfortable break room for employees, and a dock door for efficient loading and unloading of deliveries. Multiple entry points offer flexibility for customizing the layout to suit diverse operational needs. The property presents a unique opportunity for a buyer interested in a substantial office space with significant expansion potential. A notable feature is the inclusion of an Iowa Hawkeye basketball court, which is negotiable as part of the purchase agreement. This adds a distinctive element to the property, potentially appealing to a wide range of buyers. The asking price for this prime commercial real estate is $4,950,000. This represents a significant investment opportunity in a desirable Urbandale location. The property's size, amenities, and unique features make it an attractive prospect for businesses seeking a substantial and adaptable workspace. Serious inquiries are encouraged.

Property profile

Verified
Property type Office Spaces
Year built 2017
Total area 20,856 SF
Lot 3.99 ac (173,804 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Association / Organization
  • Gym & Fitness Center
  • Marketing & Advertising Advertising Agency
  • University

Location

4020 121St St Urbandale, IA 50323
Urbandale metro
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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