Property profile

12000 Ridgemont Dr Urbandale, IA 50323

FOR LEASE
Investment properties
Property ID
US25-0399059
75,000 SF 9.18 ac lot Built 2004
Entity Owned 10-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 2004
Construction STEEL FRAME
Total area 75,000 SF
Lot 9.18 ac (399,794 SF)
Zoning code PUD
APN 312/00678-032-003
UPID US25-0399059

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Courier Service Postal Service

Location

12000 Ridgemont Dr Urbandale, IA 50323
Urbandale metro Census 11304 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$11.82M
Comparable Approach Comparable
$7.44M
Blend (final) Blend
$9.58M

Owner & transaction history

since 2015
6 recorded transactions
2015
$8.2M
2004
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

PUD · Urbandale, IA
Zoning description

T. § 160.21 “FW” FLOODWAY (OVERLAY) DISTRICT. § 160.22 “FF” FLOODWAY FRINGE (OVERLAY) DISTRICT. § 160.22.1 “GF” GENERAL FLOODPLAIN (OVERLAY) DISTRICT. § 160.23 ADMINISTRATION OF FLOODPLAIN MANAGEMENT DISTRICT. § 160.24 “…

General category PLANNED_DEVELOPMENT
Top alternative use upside
Auto repair, garage $12.9M +67.7%
Medical building $12.5M +62.1%
Restaurant $11.6M +50.3%

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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