3821-3855 121st St, Urbandale, IA
Retail property with abundant parking and grease interceptor.
- Added:
- Jun 5, 2024
- Days on Market:
- 744
- Last Refresh:
- May 20 at 9:07 pm
Property Features for 3821-3855 121st St
General Information
- Standard status
- Active
- Size
- 22,463 SF
- Lot size
- 2.90 Acres
- Property subtype
- RETAIL
Properties For Sale
at 3821-3855 121st St Contact usListing agent Angie Tessau, CCIM, SIOR (515) 707-6889
Listing office Knapp Properties, L.C. (515) 707-6889
Listing date Jun 5, 2024
Source Moodyscre
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 Knapp Properties, L.C.
HighLights
- Central Location
- Abundant parking available
- Right off the interstate
- Near the growing cities of Urbandale/Grimes
- Grease interceptor in place
- Adjacent to Kum & Go and Pilot
Overview
Local Financial Insights For Retail
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 | $323.5k | $14.40 |
| − Vacancy | −$27.5k | −$1.22 |
| EGI | $296.0k | $13.18 |
| − OpEx | −$88.8k | −$3.95 |
| NOI | $207.2k | $9.22 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Urbandale
- County
- Polk
- State
- Iowa
- Longitude
- -93.7334
- Latitude
- 41.6305
