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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

0 156Th St Urbandale, IA 50323

6,000 SF 4.48 ac lot
Property ID
Property summary
AI-generated overview

This exceptional Class A retail center, located at the corner of Meredith Drive and NW 156th Street in Polk County, offers 6,000 square feet of available space across three buildings. The property sits on a 4.48-acre lot and features multiple suites ranging from a minimum of 1,770 contiguous square feet up to a maximum of 6,000 contiguous square feet. Currently, all 6,000 square feet are vacant and available for lease. The property is ideal for a variety of uses, including retail, office, and restaurant establishments. A 4,622 square foot space is particularly well-suited for a restaurant, with potential for outdoor patio seating. The center is strategically positioned near a new Hy-Vee grocery store and benefits from its location in a rapidly growing residential area. The property boasts excellent visibility and accessibility, situated on a four-lane section of Meredith Drive, with convenient access to Interstate 80/35. Lease rates are competitive, ranging from $30 to $35 per square foot, NNN. This pre-leasing opportunity presents a unique chance to establish a presence in a thriving neighborhood center. The property's location and flexible space options make it an attractive investment for businesses seeking high visibility and strong growth potential. Utilities are electric. The property consists of three single-story buildings with a total of four suites. APN is 1224101002.

Property profile
Verified
Property type Retail properties & Spaces
Total area 6,000 SF
Lot 4.48 ac (195,149 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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