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    10500 Plum Dr Urbandale, IA 50322

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    10500 Plum Dr Urbandale, IA 50322

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    • Commercial land
    For Sale
    $1,457,082
    View Listing →
    Prime Retail/Commercial Development Opportunity For Sale
    $1,457,082

    Prime Retail/Commercial Development Opportunity

    Land for retail/commercial development in high-traffic area.

    10500 Plum Dr, Urbandale, IA 50322
    View Listing
    Property ID
    US25-2287456
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 10500 Plum Dr

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    Introducing The Loop Outlots located on Plum Drive in Urbandale, IA 50322 - an exceptional opportunity for retail/commercial development. With a prime location and lot sizes ranging from 1.06 to 1.17 acres, this property is ideal for companies looking to establish a presence in a high-traffic area with excellent visibility. Situated within the Urban Loop, The Loop Outlots sit immediately in front of a 250 multi-family unit mixed-use property that is currently under construction. Don't miss your chance to be part of this exciting growth - inquire now about purchasing or build-to-suit opportunities at The Loop Outlots.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Urbandale
    County
    Polk
    State
    Iowa
    Longitude
    -93.7626592
    Latitude
    41.6485719

    Comparable in this City

    • $495,000
      51,822 SF

      Prime Commercial Land in Urbandale

      1.19 acres of commercial land in a prime location.
      2931 100 St, Urbandale, IA 50322
      View Details
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      Land for Retail/Office/Hotel

      Land with quick access to I35/I80 interchange.
      11050 Douglas Ave, Urbandale, IA 50322
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    • $495,000

      Prime Land in Urbandale

      Two parcels totaling 1.19 acres in established Urbandale.
      2931 100 St, Urbandale, IA 50322
      View Details
    • Contact for pricing

      Development Lots Near Interstate

      Commercial land available near established businesses and major highway.
      NW Urbandale Dr, Urbandale, IA 50322
      View Details
    • Contact for pricing

      Development Ready Site at Urban Loop

      Development ready site for sale or build-to-suit.
      10300 Plum Dr, Urbandale, IA 50322
      View Details

    Similar Nearby for Sale

    • $495,000
      51,822 SF

      Prime Commercial Land in Urbandale

      1.19 acres of commercial land in a prime location.
      2931 100 St, Urbandale, IA 50322
      View Details
    • Contact for pricing

      Land for Retail/Office/Hotel

      Land with quick access to I35/I80 interchange.
      11050 Douglas Ave, Urbandale, IA 50322
      View Details
    • $495,000

      Prime Land in Urbandale

      Two parcels totaling 1.19 acres in established Urbandale.
      2931 100 St, Urbandale, IA 50322
      View Details
    • Contact for pricing

      Prime Land in Urban Loop

      Land for sale in Urbandale's economic development area.
      10200 Plum Dr, Des Moines, IA 50322
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      10 Acres Development Land Urbandale

      10 acres of development land near I-80/35 in Urbandale.
      9311 Plum Dr, Urbandale, IA 50322
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    Similar Nearby for Lease

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      Class A Office/Warehouse Space

      Office and warehouse space in Aurora Business Park.
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      Class A Office/Warehouse Space

      Office and warehouse space in Aurora Business Park.
      11304 NW Aurora Ave, Urbandale, IA 50322
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      Class A Flex Space Available

      Office and warehouse capabilities in a Class A business park.
      11338 NW Aurora Ave, Urbandale, IA 50322
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      Class A Office/Warehouse Space

      Office and warehouse space in Aurora Business Park.
      4250 114 St, Urbandale, IA 50322
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      Class A Flex Space Available

      Office and warehouse space in a Class A business park.
      4550 NW 114 St, Urbandale, IA 50322
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    • Contact for pricing

      Class A Flex Space

      Office and warehouse space in Aurora Business Park.
      4450 NW 114 St, Urbandale, IA 50322
      View Details
    View Listing
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    Urbandale, IA 50322
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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