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Property profile & analytics
OFF-MARKET
Estimated value
$1,605,000
Investment properties
3001 86th St Urbandale, IA 50322-4001
Entity Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US25-0403917
Property summary
AI-generated overview
This exceptional medical office building, located at 3001-3035 86th Street in Urbandale, Iowa, presents a compelling owner-user opportunity. The property boasts a total of 18,900 square feet, with 17,557 square feet of net rentable space, situated on a 2.3-acre lot. Constructed in 1999, this two-story building is situated in a Planned Unit Development (PUD) zoning district. The property features excellent visibility and accessibility, with direct signage to 86th Street and prominent monument signage, ensuring high brand recognition. Its convenient location provides easy access to Interstate 235, a major thoroughfare with a high volume of traffic (20,000 vehicles per day). The property's single building structure offers efficiency and streamlined operations. The Polk County location and 50322 zip code offer a desirable address within a thriving community. The sale price is negotiable, making this an attractive investment for medical professionals or businesses seeking a prime location for their operations. The APN is 312-00612631000.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1999
Construction
FRAME
Total area
18,900 SF
Lot
2.23 ac (97,226 SF)
Zoning code
PUD
APN
312/00612-631-000
UPID
US25-0403917
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.38M
Blend (final)
Blend
$1.61M
Owner & transaction history
Wall Of Bricks LLC · 9 yrs held
Wall Of Bricks LLC
since 2016
7 recorded transactions
Zoning & alternative use
PUD · Urbandale, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.2M
+28.0%
Warehouse, storage
$1.7M
+1.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Urbandale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Urbandale submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,715,000
Current use
RETAIL STORES
$2,195,000
Change: +28% · Conversion: Easy
WAREHOUSE, STORAGE
$1,735,000
Change: +1% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,510,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$1.61M
Range $1.44M – $1.77M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$85 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$43,606
Tax year 2020
Assessed value
$1,600,000
Assessed 2023
Previous assessed
$1,600,000
+0.0% YoY
Effective rate
2.73%
On assessed value
Assessed land
$1,230,000
Assessed improvement
$370,000
Land market value
$1,230,000
Improvement market value
$370,000
Total market value
$1,600,000
Applied tax rate
19.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1999
Construction
FRAME
Heating
CENTRAL
Cooling
YES
Buildings
1
Stories
2
Total area
18,900 SF
Lot
2.23 ac (97,226 SF)
Zoning code
PUD
APN
312/00612-631-000
UPID
US25-0403917
Jurisdiction
POLK
Zoning & alternative use
PUD · Urbandale, IA
Zoning PUD · permitted uses
PUD · Urbandale, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Urbandale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.7M
RETAIL STORES
Est. value
$2.2M
WAREHOUSE, STORAGE
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
COMMERCIAL (GENERAL) Current
RETAIL STORES
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1999
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
1
Lot
2.23 ac
Current owner
From public records · entity-resolved
Wall Of Bricks LLC
Entity
Free & Clear · 9 yrs held
Mailing address
4302 129TH ST, URBANDALE, IA 50323-2480
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 19, 2020
—
Wall Of Bricks LLC
—
Deed
related
$3,756,000 · Midwest Heritage Bank Fsb
Dec 30, 2016
—
Wall Of Bricks LLC
Andes Group INC
Warranty Deed
related
—
Apr 22, 2016
$1,460,000
Andes Group INC
Njc Properties LLC
Warranty Deed
related
$1,188,000 · Greater Ia Cu
Oct 23, 2012
$880,000
Njc Properties LLC
Lsref2 Baron LLC
Grant Deed
$588,000 · Bank Iowa
Dec 16, 2011
—
Lsref2 Baron LLC
Johnson,bradley P & Cynthia M
Quit Claim Deed
related
—
—
—
Njc Properties LLC
—
Deed Of Trust
related
$735,000 · Bank Iowa
—
—
Njc Properties LLC
—
Deed Of Trust
related
$607,000 · Siouxland Economic Dev Corp
—
—
Njc Properties LLC
—
Deed Of Trust
related
$607,000 · Siouxland Economic Dev Corp
—
—
Bradley P Johnson
—
Deed Of Trust
related
$383,212 · Regions Bank
—
—
Bradley P Johnson
—
Deed Of Trust
related
$400,000 · Earlham Savings Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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