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4444-4456 NW 128th St 7,078 SF 49% Leased Office Building Urbandale, IA 50323 $1,779,798 CAD ($251.45 CAD/SF) 2.84% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Income-producing asset with $36,260 annual base rent
  • Located in a fast-growing Urbandale corridor
  • Ideal for owner/user with partial occupancy
  • Built in 2008 with modern finishes and layout
  • Easy access to I-80/I-35 and regional connectivity

EXECUTIVE SUMMARY

Positioned in the heart of Urbandale’s thriving commercial corridor, The Square at Days Run presents a rare opportunity for an owner/user to acquire a well-located office/retail asset with built-in income. The offering includes 7,078 SF of the 9,478 SF building, with the south endcap separately condoed. Built in 2008, the property features modern construction and is currently generating $36,260 in base rent annually from its occupied portion, providing immediate cash flow.
Strategically located just off Meredith Drive and NW 128th Street, the site offers seamless access to I-80/I-35, connecting to the Des Moines metro and surrounding suburbs. The area is experiencing rapid growth, with nearby residential developments and expanding retail presence enhancing long-term value. Monument signage along 128th Street ensures visibility, while the building’s layout supports a variety of professional or medical uses.
This is an ideal acquisition for a business owner seeking to occupy part of the space while benefiting from existing tenancy, or for an investor targeting stable returns in a high-demand submarket.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Office
Building Size
7,078 SF
Building Class
B
Year Built
2008
Price
$1,779,798 CAD
Price Per SF
$251.45 CAD
Cap Rate
2.84%
NOI
$50,616 CAD
Percent Leased
49%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
7,078 SF
Building FAR
0.08
Lot Size
1.93 AC
Zoning
PUD - Planned Urban Development

AMENITIES

  • Signage

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Fl-Ste 4450
  • 3,600 SF
  • Office/Retail
  • -
  • Now

Available for lease is a 3,600 SF space formerly occupied by a veterinary clinic, offering a flexible layout suitable for medical, office, or service-oriented tenants. Located within The Square at Days Run, the space benefits from monument signage along NW 128th Street and strong visibility in a high-traffic corridor. The property’s location near Meredith Drive and I-80/I-35 provides excellent regional connectivity, while the surrounding Urbandale community continues to attract new residents and businesses. With a base rent of $16.50/SF NNN and operating expenses of $11.76/SF, this offering is competitively priced for tenants seeking quality space in a growing market. The building’s modern construction, ample parking, and co-tenancy with established businesses like DSM Spine + Sport and Son Dent add to its appeal. Whether you're expanding or relocating, this space offers the infrastructure and location to support long-term success.

Space Size Space Use Condition Available
1st Fl-Ste 4450 3,600 SF Office/Retail - Now

1st Fl-Ste 4450

Size
3,600 SF
Space Use
Office/Retail
Condition
-
Available
Now

1st Fl-Ste 4450

Size 3,600 SF
Space Use Office/Retail
Condition -
Available Now

Available for lease is a 3,600 SF space formerly occupied by a veterinary clinic, offering a flexible layout suitable for medical, office, or service-oriented tenants. Located within The Square at Days Run, the space benefits from monument signage along NW 128th Street and strong visibility in a high-traffic corridor. The property’s location near Meredith Drive and I-80/I-35 provides excellent regional connectivity, while the surrounding Urbandale community continues to attract new residents and businesses. With a base rent of $16.50/SF NNN and operating expenses of $11.76/SF, this offering is competitively priced for tenants seeking quality space in a growing market. The building’s modern construction, ample parking, and co-tenancy with established businesses like DSM Spine + Sport and Son Dent add to its appeal. Whether you're expanding or relocating, this space offers the infrastructure and location to support long-term success.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 312-00001844010
  • 312-03176305000
Land Assessment
$621,854 CAD
Improvements Assessment
$1,253,579 CAD
Total Assessment
$1,875,433 CAD
  • Listing ID: 38007021

  • Date on Market: 2025-10-09

  • Last Updated:

  • Address: 4444-4456 NW 128th St, Urbandale, IA 50323

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