Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3035 99th St Urbandale, IA 50322-3895
    Back to Search
    Property profile & analytics

    3035 99th St, Urbandale, IA 50322-3895

    View on Map
    • Warehouses
    • 7,320 SF
    • 1.34 lot acres
    Off-Market
    Last Sale Feb 18, 2022
    $700,000
    Property ID
    US25-0217046
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $605,000
    Show details
    Cap Rate Potential
    6.5%
    Warehouses
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 3035 99th St

    Year built
    1996
    Construction
    STEEL FRAME
    Lot size
    1.34 lot acres
    Zone code
    M-1
    Property type
    Warehouses
    APN
    312/00302-313-002
    APU
    31200302313002

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 20, 2023 — Springwood Holdings LLC — Deed · related $1.8M · Freedom Financial Bank
    Feb 18, 2022 — Springwood Holding LLC Bleacher Bums Holding LLC Intrafamily Transfer · related —
    Jan 28, 2022 — Bleacher Bums Holdings LLC Christopher Lee Dawson Quit Claim Deed · related —
    Oct 8, 2018 $700,000 Christopher Lee Dawson Bjp Investments LLC Warranty Deed $785k · Two Rivers Bank & Trust
    Jun 19, 2012 $409,500 Pjjp LLC Mccabe,patrick L & Elizabeth J Warranty Deed —
    — — Patrick L Mccabe — Deed Of Trust · related $220k · Union Bank & Trust

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $525,000
      ML approach
      $570,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $575,000
      6.5%
      $530,000
      7%
      $490,000

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $675,000
      Current use
      RETAIL STORES
      $850,000
      Change: +26% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $665,000
      Change: -1% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $585,000
      Change: -13% Conversion: Moderate

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Urbandale
    County
    Polk
    State
    Iowa
    Longitude
    -93.753
    Latitude
    41.622
    CBSA code
    19780
    CBSA name
    DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $30,844
    $309,000
    $791,000
    $1,100,000
    -
    $309,000
    $791,000
    $1,100,000

    Comparable in this City

    • Value Estimation by Request
      90,000 SF

      4093-4121 Urbandale Dr

      Life science properties
      4093-4121 Urbandale Dr, Urbandale, IA 50322
      View Details
    • Value Estimation
      $3,200,000
      51,200 SF

      2601 104th St

      WAREHOUSE, STORAGE
      2601 104th St, Urbandale, IA 50322-3953
      View Details
    • Value Estimation
      $2,175,000
      55,755 SF

      10501 Douglas Ave

      WAREHOUSE, STORAGE
      10501 Douglas Ave, Urbandale, IA 50322
      View Details
    • Value Estimation
      $6,465,000
      118,500 SF

      4000 Urbandale Dr

      WAREHOUSE, STORAGE
      4000 Urbandale Dr, Urbandale, IA 50322-7933
      View Details
    • Value Estimation
      $5,020,000
      99,700 SF

      6000 Aurora Ave

      MINI-WAREHOUSE, STORAGE
      6000 Aurora Ave, Des Moines, IA 50322-2833
      View Details
    • Value Estimation
      $3,275,000
      32,408 SF

      9850 Douglas Ave

      WAREHOUSE, STORAGE
      9850 Douglas Ave, Urbandale, IA 50322-2153
      View Details

    Similar Nearby for Sale

    • $2,550,000
      15,000 SF

      Urbandale Warehouse with Secured Yard

      15,000 SF warehouse with renovated office and secured yard.
      3300 101 St, Urbandale, IA 50322
      View Details
    • Contact for pricing
      1,500 SF

      Urbandale Warehouse Condo For Sale

      1,500 sq ft warehouse condo with highway access.
      3301 111 St, Urbandale, IA 50322
      View Details
    • Contact for pricing
      450,686 SF

      New Industrial Building Available Soon

      450,686 SF industrial building with excellent access and visibility.
      12501 Plum Dr, Urbandale, IA 50322
      View Details
    • Contact for pricing
      100,000 SF

      Industrial Cross-Dock Warehouse For Sale

      450,686 SF industrial cross-dock warehouse available for sale or lease.
      12501 Plum Dr, Urbandale, IA 50322
      View Details
    • Contact for pricing
      27,636 SF

      Urbandale Commercial Corridor Flex Space

      Flexible space in Urbandale's commercial corridor, near I-80.
      3601 109 St, Urbandale, IA 50322
      View Details
    • Contact for pricing
      1,750 SF

      Grand Lux Motor Condos

      Exclusive motor condos for collectors, enthusiasts, and professionals.
      3300 109 St, Urbandale, IA 50322
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Class A Flex Space Available

      Office and warehouse capabilities in a Class A business park.
      11173 NW Aurora Ave, Urbandale, IA 50322
      View Details
    • Contact for pricing

      Class A Office/Warehouse Space

      Office and warehouse space in Aurora Business Park.
      11101 NW Aurora Ave, Urbandale, IA 50322
      View Details
    • Contact for pricing

      Urbandale Warehouse End Cap Space

      3,293 SF warehouse space for sublease near I-80/35.
      10506 Justin Dr, Urbandale, IA 50322
      View Details
    • $12 SF/Yr
      8,945 SF

      Retail Showroom & Warehouse Space

      Retail showroom and warehouse space available for lease in Urbandale.
      10121 Hickman Rd, Urbandale, IA 50322
      View Details
    • Contact for pricing

      Class A Flex Space Available

      Office and warehouse capabilities in a Class A business park.
      11338 NW Aurora Ave, Urbandale, IA 50322
      View Details
    • Contact for pricing
      6,600 SF

      Urbandale Flex Space Available

      6,600 SF flex space near Hwy 141 & I-35/80.
      4400-4430 NW Urbandale Dr, 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.
    3035 99th St
    Urbandale, IA 50322-3895
    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
    3035 99th 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!