Technical
Financial
Distress signals
Property profile

10740 Northwest Aurora Ave Urbandale, IA 50322

FOR LEASE
Investment properties
Property ID
US25-0265736
10,608 SF 2.06 ac lot Built 1996
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional single-tenant data center, located at 10740 NW Aurora Ave in Urbandale, Iowa, offers 10,608 square feet of space. The property sits on a 2.06-acre lot in Polk County, offering ample room for expansion or future development. Its classification as Office, Industrial, and Special Purpose reflects its versatile design and functionality. The building's strategic location within the Des Moines MSA provides excellent access to major transportation arteries, including Interstates 35, 80, and 235, ensuring seamless connectivity and efficient logistics. The surrounding area boasts a diverse mix of office, industrial, and retail establishments, creating a vibrant and convenient environment for business operations. This property presents a unique opportunity for businesses seeking a well-situated, spacious, and adaptable data center facility in a thriving Iowa community. The zip code is 50322. This single-tenant occupancy provides stability and ease of management. The property's versatility makes it suitable for a range of data center operations and related businesses. Its location within the Des Moines metropolitan area offers access to a skilled workforce and a robust business infrastructure.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1996
Construction STEEL FRAME
Total area 10,608 SF
Lot 2.06 ac (89,734 SF)
Zoning code M-2
APN 312/01042-502-001
UPID US25-0265736

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

10740 Northwest Aurora Ave Urbandale, IA 50322
Urbandale metro Census 10406 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$4.68M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.79M

Owner & transaction history

since 2022
Last sale
$4.9M
5 recorded transactions
2022
$4.9M
2019
Price N/A
2006
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

M-2 · Urbandale, IA
Zoning description

HBORHOOD CONVENIENCE DISTRICT. § 160.15 “C-G” GENERAL COMMERCIAL DISTRICT. § 160.16 “C-H” HIGHWAY COMMERCIAL DISTRICT. § 160.17 “C-P” PLANNED COMMERCE PARK DISTRICT. § 160.18 “M-1” PLANNED INDUSTRIAL DISTRICT. § 160.19 “…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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