4630 86 St Urbandale, IA 50322
- Strip malls
- 17,802 SF
- 3.02 lot acres
Current Use by Public Records
- Strip malls
Property Details for 4630 86 St
- Year built
- 2000
- Construction
- FRAME
- Lot size
- 3.02 lot acres
- Property size
- 17,802 SF
- Zone code
- C-N
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 312/00315-104-001
- APU
- 31200315104001
Description
Oakwood Plaza presents a compelling investment opportunity in a thriving Polk County location. This single-story, 17,802 square foot retail strip center, built in 2000, sits on a 3.024-acre lot and is zoned C-N Neighborhood Convenience District. Currently, two spaces are available for lease: a 980 square foot retail/office space and a larger 1,904 square foot restaurant space. The center enjoys high visibility on a major thoroughfare in Urbandale, offering excellent access and exposure to a substantial customer base. Its strategic location near the intersection of NW 86th Street and Meredith Drive provides convenient proximity to I-35/I-80, ensuring strong traffic flow. Adding to its appeal, the property benefits from its adjacency to a Walgreens and is further enhanced by the development of 60 residential lots directly west of the shopping center, promising increased foot traffic and potential customer growth. Existing co-tenants include Edward Jones, Advanced Eye Care, and Friedrich's Coffee, creating a well-established and diverse tenant mix. This property offers a rare chance to acquire a well-positioned retail space in a rapidly growing area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,110,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,740,000
- 6.5%
- $2,590,000
- 7%
- $2,965,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,655,000
- Geo Method
- $3,180,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,485,000
- Retail
- $2,615,000
- Mixed-Use
- $3,085,000
- Hospitality
- $2,675,000
- Educational
- $2,920,000
- Residential Income
- $3,185,000
- Energy
- $2,905,000
- Income-Based Land
- $2,385,000
- Food Service
- $2,600,000
Location Insight
- Map
- Local Demand
- City
- Urbandale
- County
- Polk
- State
- Iowa
- Longitude
- -93.7374
- Latitude
- 41.6451
- CBSA code
- 19780
- CBSA name
- DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
