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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3401 106th Cir Urbandale, IA 50322-3700

    • Investment properties
    • 7,300 SF
    • 1.12 lot acres
    OFF-MARKET
    Last Sale
    May 16, 2023
    $800,000
    Value Estimations
    $800,000
    Show details
    Cap Rate Potential
    8.1%
    Investment properties
    Location Intelligence
    Property ID
    US25-2558248
    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

    • Investment properties

    Property Details for 3401 106th Cir

    Year built
    2000
    Construction
    FRAME
    Lot size
    1.12 lot acres
    Property size
    7,300 SF
    Zone code
    M-1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    312/03240-453-000
    APU
    31203240453000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $920,000
      ML approach
      $815,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $670,000
      Market price range: $527k - $937k
      AI Estimate
      $792,000
      Market price range: $249k - $1.37M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $660,000
      Current use
      AUTO REPAIR, GARAGE
      $1,255,000
      Change: +90% Conversion: Difficult
      MEDICAL BUILDING
      $1,215,000
      Change: +83% Conversion: Easy
      RESTAURANT
      $1,125,000
      Change: +70% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $1,075,000
      Change: +62% Conversion: Moderate
      RETAIL STORES
      $850,000
      Change: +28% Conversion: Easy
      WAREHOUSE, STORAGE
      $670,000
      Change: +1% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $585,000
      Change: -12% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Urbandale
    County
    Polk
    State
    Iowa
    Longitude
    -93.764
    Latitude
    41.6255
    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
    $19,554
    $258,000
    $518,000
    $776,000
    -
    $258,000
    $518,000
    $776,000

    Comparable in this City

    • Value Estimation
      $5,625,000
      62,184 SF

      2900 100th St

      OFFICE/RESIDENTIAL (MIXED USE) • 62,184 SF
      2900 100th St, Urbandale, IA 50322-3857
      View Details
    • Value Estimation
      $1,440,000
      14,400 SF

      2830 100th St

      OFFICE/RESIDENTIAL (MIXED USE) • 14,400 SF
      2830 100th St, Urbandale, IA 50322-3874
      View Details
    • Value Estimation
      $2,620,000
      30,074 SF

      3553 109th St

      OFFICE/RESIDENTIAL (MIXED USE) • 30,074 SF
      3553 109th St, Urbandale, IA 50322-8103
      View Details
    • Value Estimation
      $1,945,000
      12,720 SF

      9400 Plum Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 12,720 SF
      9400 Plum Dr, Urbandale, IA 50322-6235
      View Details
    • Value Estimation
      $1,620,000
      16,864 SF

      2882 106th St

      OFFICE/RESIDENTIAL (MIXED USE) • 16,864 SF
      2882 106th St, Urbandale, IA 50322-3738
      View Details
    • Value Estimation
      $645,000
      6,696 SF

      10501 Buena Vis Ct

      OFFICE/RESIDENTIAL (MIXED USE) • 6,696 SF
      10501 Buena Vis Ct, Urbandale, IA 50322-3783
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      40,605 SF

      Urbandale Commercial Building - 40K SF

      Prime Urbandale location, large commercial space.
      2743-2779 86Th St, Urbandale, IA 50322
      View Details
    • Contact for pricing
      2.06 Acres

      Urbandale Industrial Property For Sale

      10,608 SF Industrial Building, Iowa
      10740 Aurora Ave, Urbandale, IA 50322
      View Details
    • $965,071
      4.22 Acres

      Urbandale Office Land - $965,071

      Prime 4.22-acre commercial lot.
      9460 Plum Dr, Urbandale, IA 50322
      View Details
    • $200,000

      Prime Development Lots Available

      Developed lots with interstate visibility and completed infrastructure.
      10851 Plum Dr, Urbandale, IA 50322
      View Details
    • $260,000
      Pending

      Des Moines Duplex with Garage

      Well-kept duplex with solid rental history and fenced backyard.
      2623 63Rd St, Des Moines, IA 50322
      View Details
    • $175,000
      0.31 Acres

      Residential Land in Bentley Ridge

      Walkout lot with pond and timber views in Urbandale, Iowa.
      17543 North Valley Dr, Urbandale, IA 50322
      View Details

    Similar Nearby for Lease

    • $5 SF/Yr
      90,000 SF

      Northshore Office Complex: Urbandale

      Des Moines West Office/Industrial Space
      4093-4121 Urbandale Dr, Urbandale, IA 50322
      View Details
    • $18 SF/Yr
      1,424 SF

      Retail Space in High-Traffic Location

      Retail space available in a busy, anchored shopping center.
      11101-11129 Plum Dr, Urbandale, IA 50322
      View Details
    • $8 SF/Yr
      8,412 SF

      NW Urbandale Drive Warehouse Space

      Warehouse space with office, drive-in doors, and ample parking.
      4154-4180 NW Urbandale Dr, Urbandale, IA 50322
      View Details
    • $8 SF/Yr
      27,440 SF

      Urbandale Office Space for Lease

      Flexible Suites, Prime Location, Iowa
      2600 72 St, Urbandale, IA 50322
      View Details
    • $22,200
      5,587 SF

      Urbandale Retail Space For Lease

      Prime Urbandale retail space available.
      6825 Douglas Ave, Urbandale, IA 50322
      View Details
    • $12 SF/Yr
      46,213 SF

      Urbandale Office Space for Lease

      Modern Office Suites in Prime Location
      7501-7611 Douglas Ave, Urbandale, IA 50322
      View Details
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    3401 106th Cir
    Urbandale, IA 50322-3700
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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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