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    9379 Plum Dr Urbandale, IA 50322
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    Property profile & analytics

    9379 Plum Dr Urbandale, IA 50322

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    • Commercial real estate
    • 5.10 lot acres
    Off-Market
    Property ID
    US25-0122719
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 9379 Plum Dr

    Lot size
    5.10 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 5.1-acre commercial lot (222,307 square feet) in Urbandale, Iowa, presents a unique investment opportunity. Located at 9379 Plum Dr, 50322, this property boasts immediate access to I-35/I-80 at the intersection of 86th and 100th Streets, ensuring high visibility and convenient access. Certain lots within the development offer excellent interstate visibility. The site is enhanced by attractive green spaces and a green belt connection, creating a desirable environment for development. The City of Urbandale offers a significant incentive for Class A office building construction: a 90% tax abatement over a 10-year period (city approval required). This is particularly attractive given Urbandale's distinction as having the lowest city tax rate among Iowa cities with populations exceeding 15,000, according to data from the Iowa Department of Management. The land is zoned CO - Office/Service, and is priced at $5.25 per square foot, with an asking price of $1,167,005. This property is perfectly positioned for developers seeking a prime location with substantial tax benefits and excellent infrastructure. Don't miss this chance to build in a thriving community with strong economic potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Urbandale
    County
    Polk
    State
    Iowa
    Longitude
    -93.7487712
    Latitude
    41.6495775

    Comparable in this City

    • Contact for pricing

      10 Acres Development Land Urbandale

      10 acres of development land near I-80/35 in Urbandale.
      9311 Plum Dr, Urbandale, IA 50322
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      Land Available in Urbandale

      1.71 acres of land for sale in Urbandale, Iowa.
      9430 Plum Dr, Urbandale, IA 50322
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      Prime Land in Urban Loop

      Land for sale in Urbandale's economic development area.
      10200 Plum Dr, Des Moines, IA 50322
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      Commercial Land with Tax Abatement

      Commercial land available with potential tax abatement in Des Moines.
      3201 61St St, Des Moines, IA 50322
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      Land for Sale

      Land available for sale.
      4500 NW Urbandale Dr, Des Moines, IA 50322
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    • $2,614,000
      10 SF

      Prime Commercial Land For Sale

      Highly visible commercial land with office/service zoning.
      9311 Plum Dr, Urbandale, IA 50322
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    Similar Nearby for Sale

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      10 Acres Development Land Urbandale

      10 acres of development land near I-80/35 in Urbandale.
      9311 Plum Dr, Urbandale, IA 50322
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      Land Available in Urbandale

      1.71 acres of land for sale in Urbandale, Iowa.
      9430 Plum Dr, Urbandale, IA 50322
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    • Contact for pricing

      Prime Land in Urban Loop

      Land for sale in Urbandale's economic development area.
      10200 Plum Dr, Des Moines, IA 50322
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      Commercial Land with Tax Abatement

      Commercial land available with potential tax abatement in Des Moines.
      3201 61St St, Des Moines, IA 50322
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      Land for Sale

      Land available for sale.
      4500 NW Urbandale Dr, Des Moines, IA 50322
      View Details
    • $2,614,000
      10 SF

      Prime Commercial Land For Sale

      Highly visible commercial land with office/service zoning.
      9311 Plum Dr, Urbandale, IA 50322
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Available For Rent

      Retail and flex spaces available for lease.
      10411 Hickman Rd, Urbandale, IA 50322
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      Commercial Space for Lease

      Commercial space available for lease in Urbandale, Iowa.
      4093-4121 NW Urbandale Dr, Urbandale, IA 50322
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      Retail Spaces Available For Rent

      Retail spaces available, ranging from 1,000 to 7,866 SqFt.
      7501-7611 Douglas Ave, Urbandale, IA 50322
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      Retail Building in Anchored Center

      22,066 RSF retail building with high traffic location.
      11101 Plum Dr, Urbandale, IA 50322
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      Retail Space Available For Rent

      Retail space for rent in Urbandale, Iowa.
      2743 NW 86 St, Urbandale, IA 50322
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      Renovated Urbandale Office Space Available

      Affordable office space with flexible lease terms in Urbandale.
      2600 72 St, Urbandale, IA 50322
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    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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