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Property profile & analytics
OFF-MARKET
Estimated value
$785,000
Commercial real estate
11000 Douglas Ave Urbandale, IA 50322-3704
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-1164349
Property summary
AI-generated overview
This exceptional 3-acre commercial land parcel, located at 11000 Douglas Avenue in Des Moines, Iowa (zip code 50322), presents a unique investment opportunity. Zoned C-H (Highway Commercial), this property boasts unparalleled visibility and accessibility. Situated within the Urban Loop, it benefits from high daily traffic counts exceeding 25,000 vehicles on Douglas Avenue and over 100,000 on I-35/80, ensuring significant exposure for any development. The site offers signalized access and all utilities are available. This location is advantageous due to its proximity to numerous business parks and industries, including insurance, information technology, warehousing, and manufacturing sectors. The property is part of the NW Market Center Urban Renewal Area, making it eligible for Tif property tax rebates. The low city tax rate and highly valued services further enhance the attractiveness of this location. This land is available for sale or build-to-suit options, providing flexibility for various development projects. Consider this prime location for your next commercial venture.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2000
Construction
CONCRETE
Total area
240 SF
Lot
3.03 ac (131,943 SF)
APN
312/02561-100-002
UPID
US25-1164349
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
$835k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$785k
Owner & transaction history
Iowa Sikh Gurudwara · 1 yrs held
Iowa Sikh Gurudwara
since 2025
Last sale
$800,000
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Urbandale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Urbandale submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$715,000
ML approach
$835,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$785k
Range $707k – $864k · ±10% · vs last sale $800k (Mar 11 2025)
Last sale anchor
$800k
Mar 11 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$3,271 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$16,700
Tax year 2020
Assessed value
$699,000
Assessed 2023
Previous assessed
$699,000
+0.0% YoY
Effective rate
2.39%
On assessed value
Assessed land
$699,000
Land market value
$699,000
Total market value
$699,000
Applied tax rate
19.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2000
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
240 SF
Lot
3.03 ac (131,943 SF)
APN
312/02561-100-002
UPID
US25-1164349
Jurisdiction
POLK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2000
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
3.03 ac
Current owner
From public records · entity-resolved
Iowa Sikh Gurudwara
Individual
Mailing address
4701 121ST ST, URBANDALE, IA 50323-2316
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 11, 2025
$800,000
Iowa Sikh Gurudwara
11000 Douglas LLC
Warranty Deed
—
Mar 19, 2018
—
11000 Douglas LLC
City Of Urbandale
Quit Claim Deed
related
—
Dec 3, 2015
—
Walnut Ridge Office Condo Assn
11000 Douglas LLC
Warranty Deed
related
—
Feb 19, 2015
$412,500
11000 Douglas LLC
Papp INC
Warranty Deed
—
Jun 18, 2008
$1,100,000
Villa Lodge LLC
Papp INC
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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