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2894 106th St Urbandale, IA 50322-3781

OFF-MARKET Investment properties Google Maps
24,686 SF 2.72 ac lot Built 1989
Entity Owned ~ Est. High Equity
Estimated value (blended)
$2.19M
Range $1.97M – $2.41M (±10%)
Property ID US25-2571175

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1989
Construction STEEL FRAME
Total area 24,686 SF
Lot 2.72 ac (118,483 SF)
Zoning code PUD
APN 312/03260-305-000
UPID US25-2571175

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.20M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.92M
Blend (final) Blend
$2.19M

Owner & transaction history

since 2026
Last sale
$1.9M
7 recorded transactions
2026
$2.0M
2020
$1.9M
2014
$1.7M
2004
$2.4M
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
Retail stores $2.9M +28.6%
Neighborhood: shopping center $2.4M +8.7%

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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