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

    9311 Plum Dr Urbandale, IA 50322

    • Commercial real estate
    • 10.00 lot acres
    For Sale
    View listing
    $2,614,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US25-0103457
    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

    • Commercial real estate

    Property Details for 9311 Plum Dr

    Lot size
    10.00 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 10-acre parcel of commercial land is strategically located in Urbandale, Iowa, at 9311 Plum Dr, 50322. Zoned C-O (office/service district), this property offers significant development potential. Its prime location just off I-80/35 provides excellent visibility and accessibility, situated between 100th Street and 86th Street within the Urban Loop. The area boasts numerous amenities including hotels, retail, and office spaces, ensuring high traffic and visibility for any future development. High traffic counts are a key feature, with 24,000 vehicles per day (VPD) on Plum Drive and 86th Street, and significantly higher counts at nearby I-35 intersections. The asking price is $2,614,000, translating to $6.00 per square foot. This represents a compelling investment opportunity in a thriving and affluent community. A drone video showcasing the property is available online. This property is perfect for developers seeking a high-impact location in a rapidly growing area. The property's size and zoning make it suitable for a wide range of commercial developments.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Urbandale
    County
    Polk
    State
    Iowa
    Longitude
    -93.747217
    Latitude
    41.649989

    Comparable in this City

    • $3,925,000
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      Urbandale Commercial Land - Des Moines

      11.9 Acres, Prime Location, $3.9M
      10200 Plum Dr, Urbandale, IA 50322
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    • $391,059
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      Urbandale Office Park Land - Lot 8

      Prime 1.71-acre commercial lot, ideal for office development.
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    • $1,521,550

      Commercial Land with Tax Abatement

      Commercial land available with potential tax abatement in Des Moines.
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    • $431,244

      Land for Sale

      Land available for sale.
      4500 NW Urbandale Dr, Des Moines, IA 50322
      View Details
    • Contact for pricing
      5.56 Acres

      Interstate Acres Commercial Land

      Urbandale, IA: Prime Commercial Development
      0 Interstate Acres, Urbandale, IA 50322
      View Details
    • Contact for pricing
      0.92 Acres

      Urban Loop Commercial Land

      Urbandale, IA development opportunity.
      10300 Plum Dr, Urbandale, IA 50322
      View Details

    Similar Nearby for Sale

    • $3,925,000
      11.93 Acres

      Urbandale Commercial Land - Des Moines

      11.9 Acres, Prime Location, $3.9M
      10200 Plum Dr, Urbandale, IA 50322
      View Details
    • $391,059
      1.71 Acres

      Urbandale Office Park Land - Lot 8

      Prime 1.71-acre commercial lot, ideal for office development.
      9430 Plum Dr, Urbandale, IA 50322
      View Details
    • $1,521,550

      Commercial Land with Tax Abatement

      Commercial land available with potential tax abatement in Des Moines.
      3201 61St St, Des Moines, IA 50322
      View Details
    • $431,244

      Land for Sale

      Land available for sale.
      4500 NW Urbandale Dr, Des Moines, IA 50322
      View Details
    • Contact for pricing
      5.56 Acres

      Interstate Acres Commercial Land

      Urbandale, IA: Prime Commercial Development
      0 Interstate Acres, Urbandale, IA 50322
      View Details
    • Contact for pricing
      0.92 Acres

      Urban Loop Commercial Land

      Urbandale, IA development opportunity.
      10300 Plum Dr, Urbandale, IA 50322
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
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      Retail Space in High-Traffic Location

      Retail space available in a busy, anchored shopping center.
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    • $8 SF/Yr
      8,412 SF

      NW Urbandale Drive Warehouse Space

      Warehouse space with office, drive-in doors, and ample parking.
      4154-4180 NW Urbandale Dr, Urbandale, IA 50322
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    • $8 SF/Yr
      27,440 SF

      Urbandale Office Space for Lease

      Flexible Suites, Prime Location, Iowa
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    • $22,200
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      Urbandale Retail Space For Lease

      Prime Urbandale retail space available.
      6825 Douglas Ave, Urbandale, IA 50322
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    • $5 SF/Yr
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      Northshore Office Complex: Urbandale

      Des Moines West Office/Industrial Space
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    • $12 SF/Yr
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      Urbandale Office Space for Lease

      Modern Office Suites in Prime Location
      7501-7611 Douglas Ave, Urbandale, IA 50322
      View Details
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    9311 Plum Dr
    Urbandale, IA 50322
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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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