4020 121St St Urbandale, IA 50323
This exceptional Class A, 20,856 square foot flex space in Urbandale, Iowa, presents a unique investment opportunity. Built in 2017, this single-story building sits on a 3.99-acre lot and features one loading dock. The property boasts spacious, well-designed office areas with private meeting rooms and abundant natural light, complemented by a full-size gym suitable for basketball. High-speed internet access is available. The flexible layout caters to diverse business needs, allowing for expansion, client hosting, or wellness program integration. Ample on-site parking ensures convenience for employees and clients. Its strategic Urbandale location provides easy access to amenities and major highways. The gross lease structure simplifies operations. This single-tenancy property is priced at $4,950,000 and is ideal for corporate headquarters, wellness businesses, or companies seeking versatile office and recreational space. The property's combination of office functionality and a dedicated gym makes it a highly desirable location. Don't miss this chance to acquire a prime flex space in a high-demand area.
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
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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.