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Property profile & analytics
FOR LEASE
Warehouses

10300 Northpark Dr Urbandale, IA 50322

212,500 SF 10.2 ac lot Built 2022
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US25-0050125
Property summary
AI-generated overview

This exceptional 212,000-square-foot warehouse, built in 2023, presents a unique investment opportunity in Urbandale, Iowa. Located at 10300 Northpark Dr, zip code 50322, this single-tenant property sits on a 2-acre lot. The building is classified as both manufacturing and warehouse space, offering significant flexibility for a variety of industrial uses. Currently, the entire 212,000 square feet is vacant, providing an immediate opportunity for a large-scale operation to establish its presence. The property's strategic location benefits from proximity to the 100th Street Interchange (opened in 2018), enhancing accessibility and logistics. This modern facility is part of the Center Pointe Business Park, a new development. The property type is listed as Office and Industrial, suggesting potential for office space integration within the warehouse layout. This is a rare chance to secure a substantial, brand-new industrial space in a thriving Iowa location. The property's size and modern construction make it ideal for businesses requiring significant space and efficient operations. Contact us today to learn more about this exceptional opportunity.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2022
Construction CONCRETE
Total area 212,500 SF
Lot 10.2 ac (444,185 SF)
APN 312/00352-900-013
UPID US25-0050125
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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$9.80M
Owner & transaction history
Center Pointe Business Park II LLC · 4 yrs held
Center Pointe Business Park II LLC
since 2022
1 recorded transaction
2022
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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