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Property profile & analytics
OFF-MARKET Estimated value $620,000
Investment properties

10530 New York Ave Urbandale, IA 50322-3775

6,768 SF 0.47 ac lot Built 1989
Entity Owned 8-yr Hold ~ Est. High Equity
Property ID
US25-0459965
Property summary
AI-generated overview

This single-story office building, situated at 10530 New York Avenue in Urbandale, Iowa, presents a fantastic leasing opportunity. The property, totaling 6,801 square feet, is located west of 104th Street, conveniently nestled between Hickman Road and Douglas Avenue in the Des Moines submarket. Currently, 2,876 square feet of space is available for lease, occupying the north end of the building. This space features a private entrance and exit, providing excellent privacy and accessibility. The layout includes an open workspace, ideal for a variety of business configurations, and a convenient restroom. The building itself was constructed in 1989 and sits on a 0.468-acre lot (20,386 square feet), with zoning designated as PUD. The property's Polk County location (APN 312/03260-412-002) offers easy access to major transportation routes and amenities. Parking is shared with an adjacent property. The building consists of one story and comprises a single suite. This versatile space is suitable for various office needs, from creative to executive to traditional office setups. The available space offers a unique opportunity to establish a presence in a desirable Urbandale location. Inquire today to learn more about this exceptional leasing opportunity in the thriving Des Moines area. Zip code: 50322.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1989
Construction FRAME
Total area 6,768 SF
Lot 0.47 ac (20,386 SF)
Zoning code PUD
APN 312/03260-412-002
UPID US25-0459965
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
$541k
Blend (final) Blend
$620k
Owner & transaction history
Nd Propery LLC · 8 yrs held
Nd Propery LLC
since 2018
1 recorded transaction
2018
$525,000
Zoning & alternative use
PUD · Urbandale, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units) $1.0M +66.9%
Medical building $1.0M +66.4%
Retail stores $790,000 +28.6%
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