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    Property profile & analytics

    2894 106th St Urbandale, IA 50322-3781

    • Investment properties
    • 24,686 SF
    • 2.72 lot acres
    OFF-MARKET
    Value Estimation
    $1,930,000
    Last Sale
    Apr 27, 2020
    $1,898,500
    Location Intelligence
    Property ID
    US25-2571175
    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 2894 106th St

    Year built
    1989
    Construction
    STEEL FRAME
    Lot size
    2.72 lot acres
    Property size
    24,686 SF
    Zone code
    PUD
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    312/03260-305-000
    APU
    31203260305000

    Description

    This exceptional executive office space, totaling 5,713 square feet, is immediately available for lease in Urbandale, Iowa. Located within a larger 13,789 square foot building, this multi-tenant property offers a prime location with excellent visibility and accessibility. The building boasts a generous glass line, allowing for abundant natural light throughout. Significant property updates were completed in both 2020 and 2021, ensuring modern amenities and a well-maintained environment. The strategic location off three major thoroughfares – I-235/80, Hickman Road, and Douglas Avenue – provides unparalleled convenience and accessibility for employees and clients. Ample parking is available, with a ratio of approximately 1,000 spaces for the entire building (5.21 spaces per 1,000 square feet). The property also presents a unique opportunity for prominent branding, with potential for monument and building signage. This space is ideal for businesses seeking a modern, well-maintained, and highly visible location in a thriving area of Polk County. The property is currently configured for multiple tenants, offering flexibility for various business needs. Contact us today to schedule a viewing and explore the possibilities.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,190,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,830,000
      6.5%
      $2,000,000
      7%
      $1,885,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,675,000
      Geo Method
      $1,915,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,805,000
      Retail
      $1,450,000
      Mixed-Use
      $1,830,000
      Hospitality
      $1,535,000
      Educational
      $1,690,000
      Residential Income
      $1,935,000
      Energy
      $1,795,000
      Income-Based Land
      $1,415,000
      Food Service
      $1,590,000

    Location Insight

    • Map
    • Local Demand
    City
    Urbandale
    County
    Polk
    State
    Iowa
    Longitude
    -93.7642
    Latitude
    41.6208
    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
    $54,358
    $627,000
    $1,593,000
    $2,220,000
    -
    $627,000
    $1,593,000
    $2,220,000

    Comparable in this City

    • Value Estimation
      $105,000
      1,225 SF

      8501 Douglas Ave, Unit 12

      OFFICE/RESIDENTIAL (MIXED USE) • 1,225 SF
      8501 Douglas Ave, Urbandale, IA 50322
      View Details
    • Value Estimation by Request
      16,892 SF

      3001 104th St

      OFFICE/RESIDENTIAL (MIXED USE) • 16,892 SF
      3001 104th St, Urbandale, IA 50322-3830
      View Details
    • Value Estimation by Request
      6,060 SF

      3509 104th St

      OFFICE/RESIDENTIAL (MIXED USE) • 6,060 SF
      3509 104th St, Urbandale, IA 50322-3825
      View Details
    • Value Estimation by Request
      5,070 SF

      2545 106th St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,070 SF
      2545 106th St, Urbandale, IA 50322-3766
      View Details
    • Value Estimation
      $70,000
      1,225 SF

      8515 Douglas Ave Ste, Unit 21

      OFFICE/RESIDENTIAL (MIXED USE) • 1,225 SF
      8515 Douglas Ave Ste, Urbandale, IA 50322-2924
      View Details
    • Value Estimation by Request
      6,768 SF

      10530 New York Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 6,768 SF
      10530 New York Ave, Urbandale, IA 50322-3775
      View Details

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    Urbandale, IA 50322-3781
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    Realmo Value Estimation

    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.

    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.

    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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