4301 121St StUrbandale, IA 50323

Property Details for 4301 121St St

Year built

2012

Construction

STEEL FRAME

Lot size

24.31 AC

Property size (Sq ft)

367,386 SF

Zone code

PUD

Property type

Investment properties

Property subtype

Live-work space

APN

312/00678-015-001

APU

31200678015001

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $64,051,144

  6.5%

  $59,124,132

  7%

  $54,900,980

• Comparable approach

  Method

  Valuation

  Relative Method

  $18,751,382

  Geo Method

  $18,751,382

• Alternative Use

  Use

  Valuation

  Residential

  $73,313,928

  Hospitality

  $67,155,160

  Educational

  $55,872,308

  Medical

  $57,793,840

  Retail

  $86,912,480

Location Insight

City

Urbandale

County

Polk

State

Iowa

Latitude

41.6387

Longitude

-93.7802

CBSA code

19780

CBSA name

DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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