Urbandale Retail, Office, Flex
3881-3921 121st St Urbandale, IA
3881-3921 121st St, Urbandale, IA, 00000
Contact for pricing
For Sale
Contact for pricing
Multi-purpose building suitable for retail, office, or flex uses.
Property Size1,653 SF
Lot Size2.82 Acres
Price / SF$1,633
Days on Market1064
Property Features for 3881-3921 121st St
General Information
- Standard status
- Active
- Size
- 1,653 SF
- Lot size
- 2.82 Acres
- Property subtype
- RETAIL
Properties For Sale
at 3881-3921 121st St Contact us
Listing Agency
JLL
(515) 802-4684
Listed by
Marcus Pitts · License #S72653000
(515) 556-4727
Source
Moodyscre
Added: Aug 22, 2023 Updated: Jul 10 at 11:31 am Checked: Jul 20 at 3:16 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JLL
Investment Insights
Based on property information with market context.
Located north of Douglas on 121st Street, west of I-35/80 in Urbandale, this multi-purpose building offers 1653 square feet suitable for retail, office, or flex uses. The property features ample on-site parking. Co-tenants include American Pacific Mortgage, Stylin’ Paws Play Place, and State Farm Insurance.
Key Highlights
- Multi‑purpose building suitable for retail, office or flex uses
- Ample parking on‑site
- Located in Urbandale, north of Douglas on 121st Street, west of I‑35/80
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $186.1k | $112.56 |
| − Vacancy | −$14.7k | −$8.89 |
| EGI | $171.4k | $103.67 |
| − OpEx | −$60.0k | −$36.28 |
| NOI | $111.4k | $67.38 |
1,653 SF · lease $112.56/SF/yr · vacancy 7.90% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$1.59M
$1.39M – $1.86M
NOI $111,386 @ 7.0% cap · market cap 4.13%
Second Best
Office B
$311.1K
$272.3K – $363.0K
NOI $21,780 @ 7.0% cap · market cap 0.81%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Multi-purpose building suitable for retail, office, or flex uses.
Where is this retail space located?
The property is located at 3881-3921 121st St Urbandale, IA.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: Multi‑purpose building suitable for retail, office or flex uses; Ample parking on‑site; Located in Urbandale, north of Douglas on 121st Street, west of I‑35/80
