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    4651 86Th St Urbandale, IA 50322
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    4651 86Th St, Urbandale, IA 50322

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    • Neighborhood centers
    • 15,529 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Neighborhood centers

    Property Details for 4651 86Th St

    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional Urbandale retail or restaurant space, located at 4651 86th St, offers a prime leasing opportunity. The property encompasses a total of 15,529 square feet within a 1.84-acre lot, featuring a modern and adaptable layout ideal for various commercial ventures. Currently, 2,367 square feet of vacant space is available, offering a flexible footprint ranging from approximately 2,053 to 2,367 contiguous square feet. The property boasts a prominent storefront designed to maximize visibility and attract significant foot traffic. Ample parking is provided with 60 spaces available for customers and employees. The building's modern amenities and customizable interiors allow businesses to create a dynamic and inviting environment tailored to their specific needs. Its strategic location in Urbandale, Iowa, 50322, ensures excellent brand exposure and accessibility. This multi-tenant property presents a unique chance to establish a strong presence in a thriving market. The property's design facilitates efficient floor planning and product displays, making it an excellent choice for businesses seeking a prominent and adaptable space to connect with their target audience.

    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
    -93.7359
    Latitude
    41.6449

    Comparable in this City

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      44,660 SF

      2725 100th St

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    • Value Estimation by Request
      7,277 SF

      7001 Douglas Ave

      SHOPPING CENTER, STRIP CENTER
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    • Value Estimation
      $1,030,000
      8,453 SF

      5800 Franklin Ave

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    • Value Estimation
      $890,000
      29,120 SF

      2403 86th St

      SHOPPING CENTER, STRIP CENTER
      2403 86th St, Urbandale, IA 50322
      View Details
    • Value Estimation
      $1,460,000
      16,640 SF

      4631 86th St

      SHOPPING CENTER, STRIP CENTER
      4631 86th St, Urbandale, IA 50322-1027
      View Details
    • Value Estimation
      $2,280,000
      17,802 SF

      4630 86th St

      SHOPPING CENTER, STRIP CENTER
      4630 86th St, Urbandale, IA 50322
      View Details

    Similar Nearby for Sale

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      4,928 SF

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      12,868 SF

      Retail Center in Urbandale Heart

      Prime retail center with excellent visibility and access.
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      13,139 SF

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      Retail Space on Douglas Avenue

      Retail space with high visibility and flexible sizing.
      6825 Douglas Ave, Urbandale, IA 50322
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      13,262 SF

      Retail Building in Urbandale Area

      13,262 SF retail building with strong investment potential.
      3054 86 St, Urbandale, IA 50322
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    Similar Nearby for Lease

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      Prime Retail Space in Urbandale

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      4651 86 St, Urbandale, IA 50322
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      Retail Building in Anchored Center

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      4,634 SF

      Retail Space in Urbandale

      Retail space available with high traffic and ample parking.
      3821-3841 100 St, Urbandale, IA 50322
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      4,265 SF

      Retail Space in Urbandale

      Retail space available in a multi-tenant building in Urbandale.
      3701-3757 86 St, Urbandale, IA 50322
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      3,000 SF

      Retail Space in Colby Woods

      Retail space for lease in Urbandale's desirable neighborhood corridor.
      8066-8080 Douglas Ave, Urbandale, IA 50322
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      1,388 SF

      Retail Space in Urbandale Center

      Retail spaces available in high-traffic Urbandale location.
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    Urbandale, IA 50322
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    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
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