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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    10530 New York Ave Urbandale, IA 50322-3775

    • Investment properties
    • 6,768 SF
    • 0.47 lot acres
    OFF-MARKET
    Value Estimations
    $620,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US25-0459965
    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.

    Current Use by Public Records

    • Investment properties

    Property Details for 10530 New York Ave

    Year built
    1989
    Construction
    FRAME
    Lot size
    0.47 lot acres
    Property size
    6,768 SF
    Zone code
    PUD
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    312/03260-412-002
    APU
    31203260412002

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $540,000
      Market price range: $489k - $869k
      AI Estimate
      $639,000
      Market price range: $231k - $1.27M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $615,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $1,025,000
      Change: +67% Conversion: Moderate
      MEDICAL BUILDING
      $1,020,000
      Change: +66% Conversion: Easy
      RETAIL STORES
      $790,000
      Change: +29% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $665,000
      Change: +9% Conversion: Difficult
      WAREHOUSE, STORAGE
      $575,000
      Change: -6% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Urbandale
    County
    Polk
    State
    Iowa
    Longitude
    -93.7623
    Latitude
    41.6186
    CBSA code
    19780
    CBSA name
    DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $13,384
    $108,000
    $518,000
    $626,000
    -
    $108,000
    $518,000
    $626,000

    Comparable in this City

    • Value Estimation
      $2,250,000
      14,221 SF

      8553 Urbandale Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 14,221 SF
      8553 Urbandale Ave, Urbandale, IA 50322-4108
      View Details
    • Value Estimation
      $2,870,000
      32,676 SF

      3100 101st St

      OFFICE/RESIDENTIAL (MIXED USE) • 32,676 SF
      3100 101st St, Urbandale, IA 50322-3867
      View Details
    • Value Estimation by Request
      1,225 SF

      8501 Douglas Ave, Unit 14

      OFFICE/RESIDENTIAL (MIXED USE) • 1,225 SF
      8501 Douglas Ave, Urbandale, IA 50322
      View Details
    • Value Estimation
      $1,560,000
      15,944 SF

      10500 Buena Vis Ct

      OFFICE/RESIDENTIAL (MIXED USE) • 15,944 SF
      10500 Buena Vis Ct, Urbandale, IA 50322-3782
      View Details
    • Value Estimation
      $1,590,000
      18,608 SF

      10400 Buena Vis Ct

      OFFICE/RESIDENTIAL (MIXED USE) • 18,608 SF
      10400 Buena Vis Ct, Urbandale, IA 50322
      View Details
    • Value Estimation by Request
      1,662 SF

      2400 86th St Ste, Unit 35

      OFFICE/RESIDENTIAL (MIXED USE) • 1,662 SF
      2400 86th St Ste, Urbandale, IA 50322-4306
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      40,605 SF

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      2.06 Acres

      Urbandale Industrial Property For Sale

      10,608 SF Industrial Building, Iowa
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    • $965,071
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      Urbandale Office Land - $965,071

      Prime 4.22-acre commercial lot.
      9460 Plum Dr, Urbandale, IA 50322
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      Prime Development Lots Available

      Developed lots with interstate visibility and completed infrastructure.
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      View Details
    • $260,000
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      Des Moines Duplex with Garage

      Well-kept duplex with solid rental history and fenced backyard.
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      Walkout lot with pond and timber views in Urbandale, Iowa.
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    Similar Nearby for Lease

    • $5 SF/Yr
      90,000 SF

      Northshore Office Complex: Urbandale

      Des Moines West Office/Industrial Space
      4093-4121 Urbandale Dr, Urbandale, IA 50322
      View Details
    • $18 SF/Yr
      1,424 SF

      Retail Space in High-Traffic Location

      Retail space available in a busy, anchored shopping center.
      11101-11129 Plum Dr, Urbandale, IA 50322
      View Details
    • $8 SF/Yr
      8,412 SF

      NW Urbandale Drive Warehouse Space

      Warehouse space with office, drive-in doors, and ample parking.
      4154-4180 NW Urbandale Dr, Urbandale, IA 50322
      View Details
    • $8 SF/Yr
      27,440 SF

      Urbandale Office Space for Lease

      Flexible Suites, Prime Location, Iowa
      2600 72 St, Urbandale, IA 50322
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    • $22,200
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      Urbandale Retail Space For Lease

      Prime Urbandale retail space available.
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    • $12 SF/Yr
      46,213 SF

      Urbandale Office Space for Lease

      Modern Office Suites in Prime Location
      7501-7611 Douglas Ave, Urbandale, IA 50322
      View Details
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    10530 New York Ave
    Urbandale, IA 50322-3775
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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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