12000 Ridgemont DrUrbandale, IA 50323

Property Details for 12000 Ridgemont Dr

Year built

2004

Construction

STEEL FRAME

Lot size

9.18 AC

Property size (Sq ft)

75,000 SF

Zone code

PUD

Property type

Investment properties

Property subtype

Live-work space

APN

312/00678-032-003

APU

31200678032003

Description

This exceptional executive office building, located at 12000-12012 Ridgemont Drive in Urbandale, Iowa, offers a prime opportunity for businesses seeking flexible and modern workspace. Built in 2004, the property boasts a total of 75,000 square feet, with 24,030 square feet currently available for lease. The space is divisible into units as small as 6,000 square feet, providing flexibility for businesses of various sizes. The building features a fully functional wet sprinkler system, ensuring a safe and secure environment. Its convenient location offers easy access to Interstate 80/35, providing excellent connectivity for employees and clients. Ample parking is available on-site, eliminating the hassle of finding parking in a busy urban area. The property is situated in Polk County, Iowa, with a zip code of 50323. This recently updated office space presents a unique opportunity to establish a thriving business in a highly desirable location. The available space is ideal for a single tenant seeking a large contiguous space or multiple tenants requiring smaller, divisible units. The building's modern design and convenient amenities make it an attractive option for businesses seeking a professional and efficient workspace. Contact us today to learn more about leasing opportunities.

• CAP approach

  CAP return

  Valuation

  6%

  $13,075,789

  6.5%

  $12,069,959

  7%

  $11,207,819

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,828,000

  Geo Method

  $3,828,000

• Alternative Use

  Use

  Valuation

  Residential

  $14,966,749

  Hospitality

  $13,709,462

  Educational

  $11,406,111

  Medical

  $11,798,385

  Retail

  $17,742,840

Location Insight

City

Urbandale

County

Polk

State

Iowa

Latitude

41.6331

Longitude

-93.7787

CBSA code

19780

CBSA name

DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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