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

    12000 Ridgemont Dr Urbandale, IA 50323

    • Investment properties
    • 75,000 SF
    • 9.18 lot acres
    For Lease
    View listing
    $9 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US25-0399059
    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 12000 Ridgemont Dr

    Year built
    2004
    Construction
    STEEL FRAME
    Lot size
    9.18 lot acres
    Property size
    75,000 SF
    Zone code
    PUD
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    312/00678-032-003
    APU
    31200678032003

    Description

    This exceptional executive office building, located at 12000-12012 Ridgemont Drive in Urbandale, Iowa, offers a prime opportunity for businesses seeking flexible and modern workspace. Built in 2004, the property boasts a total of 75,000 square feet, with 24,030 square feet currently available for lease. The space is divisible into units as small as 6,000 square feet, providing flexibility for businesses of various sizes. The building features a fully functional wet sprinkler system, ensuring a safe and secure environment. Its convenient location offers easy access to Interstate 80/35, providing excellent connectivity for employees and clients. Ample parking is available on-site, eliminating the hassle of finding parking in a busy urban area. The property is situated in Polk County, Iowa, with a zip code of 50323. This recently updated office space presents a unique opportunity to establish a thriving business in a highly desirable location. The available space is ideal for a single tenant seeking a large contiguous space or multiple tenants requiring smaller, divisible units. The building's modern design and convenient amenities make it an attractive option for businesses seeking a professional and efficient workspace. Contact us today to learn more about leasing opportunities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $12,795,000
      6.5%
      $11,815,000
      7%
      $10,970,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $7,437,000
      Market price range: $4.62M - $12.2M
      AI Estimate
      $9,487,000
      Market price range: $2.80M - $22.5M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $7,700,000
      Current use
      AUTO REPAIR, GARAGE
      $12,915,000
      Change: +68% Conversion: Difficult
      MEDICAL BUILDING
      $12,480,000
      Change: +62% Conversion: Easy
      RESTAURANT
      $11,575,000
      Change: +50% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $11,045,000
      Change: +43% Conversion: Moderate
      RETAIL STORES
      $8,710,000
      Change: +13% Conversion: Easy
      WAREHOUSE, STORAGE
      $6,895,000
      Change: -11% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Urbandale
    County
    Polk
    State
    Iowa
    Longitude
    -93.7787
    Latitude
    41.6331
    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
    $211,606
    $1,690,000
    $5,730,000
    $7,420,000
    -
    $1,690,000
    $5,730,000
    $7,420,000

    Comparable in this City

    • Value Estimation
      $6,580,000
      48,272 SF

      12100 Meredith Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 48,272 SF
      12100 Meredith Dr, Urbandale, IA 50323-4737
      View Details
    • Value Estimation
      $3,925,000
      43,772 SF

      12130 Meredith Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 43,772 SF
      12130 Meredith Dr, Urbandale, IA 50323
      View Details
    • Value Estimation
      $2,355,000
      16,140 SF

      2300 128th St

      OFFICE/RESIDENTIAL (MIXED USE) • 16,140 SF
      2300 128th St, Urbandale, IA 50323-1818
      View Details
    • Value Estimation
      $7,275,000
      83,448 SF

      4100 121st St

      OFFICE/RESIDENTIAL (MIXED USE) • 83,448 SF
      4100 121st St, Urbandale, IA 50323-2334
      View Details
    • Value Estimation
      $2,105,000
      22,560 SF

      12044 Ridgemont Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 22,560 SF
      12044 Ridgemont Dr, Urbandale, IA 50323-2317
      View Details
    • Value Estimation
      $3,685,000
      45,955 SF

      12140 Meredith Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 45,955 SF
      12140 Meredith Dr, Urbandale, IA 50323-1500
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6.74 Acres

      Urbandale Commercial Land - 6.7 Acres

      Prime Urbandale commercial land, ideal for development.
      4230 121 St, Urbandale, IA 50323
      View Details
    • $130,000
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      Urbandale Land with Pond View

      Custom walkout lot with backyard privacy and pond view.
      14509 Persimmon Dr, Urbandale, IA 50323
      View Details
    • $129,900
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      Land in Biltmore Proper

      Residential land for sale in executive development near Waukee amenities.
      17611 Oakwood Dr, Urbandale, IA 50323
      View Details
    • $205,900
      0.44 Acres

      Residential Land in Urbandale, Iowa

      Land available in executive development near Waukee amenities.
      4653 176 Ct, Urbandale, IA 50323
      View Details
    • $500,000
      3.84 Acres

      Urbandale Development Land For Sale

      Almost 4 acres of development land in Urbandale, Iowa.
      SE 156Th Ct, Urbandale, IA 50323
      View Details
    • $254,990

      New Townhome with Modern Amenities

      Spacious 3-bedroom townhome near Radiant Elementary and Acadia Park.
      17021 Persimmon Ln, Urbandale, IA 50323
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      75,000 SF

      Prime Urbandale Executive Office Space

      Modern Office Suites, Ample Parking, I-80/35 Access
      12000 Ridgemont Dr, Urbandale, IA 50323
      View Details
    • $5 SF/Yr
      116,000 SF

      Urbandale Warehouse Space Available

      Modern warehouse, prime location, 116,000 sq ft.
      4467 121 St, Urbandale, IA 50323
      View Details
    • $33 SF/Yr
      6,000 SF

      Prime Polk County Retail Center

      6,000 SF Retail Space Available
      0 156Th Ct, Urbandale, IA 50323
      View Details
    • $9 SF/Yr
      19,600 SF

      Tuscany Village Center: Urbandale Retail

      Prime Urbandale retail space available. Three suites, abundant parking.
      3825 121 St, Urbandale, IA 50323
      View Details
    • $8 SF/Yr
      8,613 SF

      Updated Office Space Available

      Updated office space for lease with ample parking.
      12000 Ridgemont Dr, Urbandale, IA 50323
      View Details
    • Contact for pricing
      6,000 SF

      Retail Space in Growing Area

      Retail space for lease in rapidly growing Urbandale.
      156Th Ct NW, Urbandale, IA 50323
      View Details
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    Urbandale, IA 50323
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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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