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    Property profile & analytics

    3054 86 St Urbandale, IA 50322

    • Day care centers
    • 13,262 SF
    • 0.99 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US25-2548677
    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.

    Current Use by Public Records

    • Day care centers

    Property Details for 3054 86 St

    Year built
    1985
    Construction
    FRAME
    Lot size
    0.99 lot acres
    Property size
    13,262 SF
    Zone code
    R-1I
    Property type
    Day care centers
    APN
    312/03292-001-001
    APU
    31203292001001

    Description

    This exceptional investment opportunity presents a 13,262 square foot, two-story daycare center in Urbandale, Iowa. Located at 3054 86th St, this Class B retail property sits on a 0.99-acre lot and is currently 100% occupied by a single tenant under a triple net (NNN) lease. The building, constructed in 1985, benefits from a strong lease with a remaining term of approximately 4.1 years, extending to December 31, 2028. The lease includes one 5-year renewal option and features annual rent bumps, ensuring consistent income growth. The property is zoned R-1I and offers significant potential for long-term returns. Its prime location in the vibrant Urbandale community contributes to its high occupancy rate and strong tenant base. This is a rare opportunity to acquire a well-established, income-producing asset in a desirable market. The property's solid structure and favorable lease terms make it an attractive investment for discerning buyers seeking stable, long-term returns. The current lease provides immediate cash flow, while the renewal option secures future income potential. This turnkey operation requires minimal management, making it an ideal addition to any investment portfolio.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $320,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Urbandale
    County
    Polk
    State
    Iowa
    Longitude
    -93.7372
    Latitude
    41.6229
    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
    2020
    $34,272
    $543,000
    $537,000
    $1,080,000
    -
    $543,000
    $537,000
    $1,080,000

    Comparable in this City

    • Value Estimation
      $425,000
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      4401 114th St

      DAY CARE, PRE-SCHOOL • 6,552 SF
      4401 114th St, Urbandale, IA 50322-2070
      View Details
    • Value Estimation
      $195,000
      5,020 SF

      3802 92nd Dr

      DAY CARE, PRE-SCHOOL • 5,020 SF
      3802 92nd Dr, Urbandale, IA 50322-2186
      View Details
    • Value Estimation
      $215,000
      1,132 SF

      4513 70th St

      CHARITABLE ORGANIZATION • 1,132 SF
      4513 70th St, Urbandale, IA 50322-1831
      View Details
    • Value Estimation
      $220,000
      1,616 SF

      6301 Hickman Rd

      VETERINARY, ANIMAL HOSPITAL • 1,616 SF
      6301 Hickman Rd, Des Moines, IA 50322-5020
      View Details
    • Value Estimation
      $190,000
      3.46 Acres

      Urbandale, IA 50322

      CHARITABLE ORGANIZATION • 3.46 Acres
      Urbandale, IA 50322
      View Details
    • Value Estimation
      $205,000
      0.29 Acres

      Urbandale, IA 50322

      CHARITABLE ORGANIZATION • 0.29 Acres
      Urbandale, IA 50322
      View Details

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    • Contact for pricing
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      Urbandale Daycare Center Investment

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      Urbandale Retail Space For Lease

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    • $12 SF/Yr
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      Westmark Plaza I Retail Space

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      View Details
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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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