Property profile

4301 121 St Urbandale, IA 50323

FOR LEASE
Investment properties
Property ID
US25-0215421
367,386 SF 24.31 ac lot Built 2012
Entity Owned 14-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 367,386 square foot multi-tenant property, located at 4301 121st Street in Urbandale, Iowa, presents a significant opportunity for businesses seeking flexible and expansive space. Built in 1995, the building boasts a diverse range of uses, encompassing executive office space, warehouse facilities, and distribution capabilities, all within a Planned Unit Development (PUD) zoning. Currently, there is 125,483 square feet of vacant space available for lease, ideal for a variety of business needs. The property features a substantial ceiling height of 30 feet, providing ample vertical space for storage or specialized equipment. Furthermore, the building is equipped with 16 dock-high doors, facilitating efficient loading and unloading operations, crucial for warehouse and distribution functions. Situated in Polk County, Iowa, with a convenient Urbandale address and zip code 50323, this property offers excellent access to transportation networks and a thriving business community. The substantial size and versatile nature of this property make it an attractive option for companies seeking to expand or consolidate their operations in a prime location. The available space offers a unique blend of office and industrial functionality, catering to a wide range of business models.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 2012
Construction STEEL FRAME
Total area 367,386 SF
Lot 24.31 ac (1,059,118 SF)
Zoning code PUD
APN 312/00678-015-001
UPID US25-0215421

Cap rate & NOI

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

Location

4301 121 St Urbandale, IA 50323
Urbandale metro Census 11304 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$25.01M
Blend (final) Blend
$27.02M

Owner & transaction history

since 2011
7 recorded transactions
2011
$12.5M
1969
Price N/A
1969
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
Retail stores $42.9M +6.7%

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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