Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3001-3035 86Th St Urbandale, IA 50322
    Back to Search
    Property profile & analytics

    3001-3035 86Th St, Urbandale, IA 50322

    View on Map
    • Retail properties & Spaces
    • 18,900 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 3001-3035 86Th St

    Year built
    1999
    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    This exceptional two-story, Class B medical office building, totaling 18,900 square feet, is situated on a 2.23-acre lot in Des Moines West, Polk County, Iowa. Built in 1999, the property features 83 parking spaces and convenient interstate access via I-235, experiencing 20,000 vehicles per day. Currently, there are two suites available, offering flexible space ranging from 2,595 to 4,314 contiguous square feet. A total of 6,909 square feet is currently vacant. The second-floor space boasts nine private offices, a potential conference room, a kitchen/breakroom, and separate men's and women's restrooms. An elevator is installed for ADA compliance. The building benefits from direct signage on 86th Street and additional monument signage. The base rent is $9.00 per square foot, with additional net, net, net (NNN) charges for common area maintenance, insurance, and taxes (CAMITs) of $5.00 per square foot. The property is zoned Pud. This move-in ready space presents a fantastic opportunity for medical professionals seeking a well-appointed and conveniently located office.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Urbandale
    County
    Polk
    State
    Iowa
    Longitude
    -93.7358
    Latitude
    41.6226

    Comparable in this City

    • Value Estimation by Request
      15,152 SF

      10000 Plum Dr

      Medical Office Space
      10000 Plum Dr, Urbandale, IA 50322
      View Details
    • Value Estimation by Request
      2,299 SF

      2824 104Th St

      Office Units
      2824 104Th St, Urbandale, IA 50322
      View Details
    • Value Estimation by Request
      9,908 SF

      10100 Plum Dr

      Medical space
      10100 Plum Dr, Urbandale, IA 50322
      View Details
    • Value Estimation by Request
      46,213 SF

      7501-7611 Douglas Ave

      Office Units
      7501-7611 Douglas Ave, Urbandale, IA 50322
      View Details
    • Value Estimation by Request

      10870 Douglas Ave

      Individual retail properties
      10870 Douglas Ave, Urbandale, IA 50322
      View Details
    • Value Estimation
      $1,100,000
      12,958 SF

      4631 Merle Hay Rd

      MEDICAL BUILDING
      4631 Merle Hay Rd, Des Moines, IA 50322-1908
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,960 SF

      Standalone Office Building For Sale

      3,960 SF office building with quick Interstate 35 access.
      6901 Hickman Rd, Urbandale, IA 50322
      View Details
    • Contact for pricing
      5,114 SF

      Former Dental Office with Theater

      Versatile Urbandale property with unique features and expansion potential.
      8501 Plum Dr, Urbandale, IA 50322
      View Details
    • $369,900
      3,324 SF

      2400 6Th St, Urbandale, IA 50322

      Office Spaces
      2400 6Th St, Urbandale, IA 50322
      View Details
    • $550,000

      Renovated Office Space on Hickman

      Modern office space for sale in Urbandale, Iowa.
      7177 Hickman Rd, Urbandale, IA 50322
      View Details
    • Contact for pricing
      18,848 SF

      Freestanding Building on NW 86th

      18,848 SF building suitable for office, daycare, or church.
      2951 86 St, Urbandale, IA 50322
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office and Retail Space Available

      Mixed-use property with office and retail spaces for rent.
      10300 Northpark Dr, Urbandale, IA 50322
      View Details
    • Contact for pricing

      Mixed-Use Property in Central Location

      Located in Urbandale, IA with access to major interstates.
      10740 NW Aurora Ave, Urbandale, IA 50322
      View Details
    • Contact for pricing
      8,000 SF

      Retail Property in Urbandale

      8,000 square foot retail property available for lease.
      10870 Douglas Ave, Urbandale, IA 50322
      View Details
    • Contact for pricing
      33,028 SF

      Urbandale Flex/Showroom/Office Space

      Prominent Urbandale building with abundant natural light and flexible space.
      4093 NW Urbandale Dr, Urbandale, IA 50322
      View Details
    • Contact for pricing

      Retail Building in Anchored Center

      22,066 RSF retail building with high traffic location.
      11101 Plum Dr, Urbandale, IA 50322
      View Details
    • Contact for pricing
      1,000 SF

      Retail and Office Spaces Available

      Retail and office spaces for lease in Urbandale, Iowa.
      7611 Douglas Ave, Urbandale, IA 50322
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3001-3035 86Th St
    Urbandale, IA 50322
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3001-3035 86Th St, Urbandale, IA, 50322
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!