0 156Th St Urbandale, IA 50323
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.