3881 121st St Urbandale, IA 50323
100% leased retail center available in Urbandale, Iowa.
Property Features for 3881 121st St
General Information
- Standard status
- Active
- Size
- 22,301 SF
- Property subtype
- Retail, Office
Listing office JLL - Des Moines, Iowa (515) 419-2963
Listing date Aug 22, 2023
Source Crexi
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 - Des Moines, Iowa
Investment Insights
Based on property information with market context.
Key Highlights
- 100% leased retail center for sale
- Located in Urbandale, Iowa
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 | $321.1k | $14.40 |
| − Vacancy | −$27.3k | −$1.22 |
| EGI | $293.8k | $13.18 |
| − OpEx | −$88.2k | −$3.95 |
| NOI | $205.7k | $9.22 |
