Property profile

3605 Elm Dr Urbandale, IA 50322

OFF-MARKET
Assisted living facilities
Property ID
US25-0281588
11,385 SF 1 ac lot Built 1964
Entity Owned 18-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1964
Construction FRAME
Total area 11,385 SF
Lot 1 ac (43,452 SF)
Zoning code R-2
APN 312/01590-009-000
UPID US25-0281588

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Nursing Home

Location

3605 Elm Dr Urbandale, IA 50322-3019
Urbandale metro Census 10411 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$425k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$305k

Owner & transaction history

since 2008
5 recorded transactions
2023
Price N/A
2016
Price N/A
2008
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

R-2 · Urbandale, IA
Zoning description

0.05 “A-2” ESTATE RESIDENTIAL DISTRICT. § 160.06 “R-1L” LOW DENSITY SINGLE-FAMILY DISTRICT. § 160.07 “R-1I” INTERMEDIATE DENSITY SINGLE-FAMILY DISTRICT. § 160.08 “R-1S” SUBURBAN DENSITY SINGLE-FAMILY DISTRICT. § 160.09 “…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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