You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET Estimated value $1,765,000
Strip malls

3821 121st St Urbandale, IA 50323

22,463 SF 2.9 ac lot Built 2006
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US25-0293150
Property summary
AI-generated overview

This exceptional retail property, Tuscany Village Center Building #1, presents a compelling investment opportunity in Urbandale, Iowa. Located at 3821 121st St, this Class B building boasts 22,463 square feet situated on a 2.9-acre lot. Its prime location offers unparalleled visibility and accessibility, being directly off the interstate and in close proximity to the thriving communities of Urbandale and Grimes. The property benefits from a high-traffic location, adjacent to established businesses such as Kum & Go and Pilot, ensuring consistent customer flow. Ample parking is available for both tenants and customers, enhancing the overall convenience and appeal. The building is equipped with a grease interceptor, a valuable asset for food-related businesses. The asking price for this well-positioned retail center is $2,800,000. This property is ideal for investors seeking a strong return in a rapidly growing area. The substantial square footage and convenient location make it an attractive option for a variety of retail uses. With its strategic placement and existing infrastructure, this property offers significant potential for future growth and profitability. The 50323 zip code further underscores its desirability within the Urbandale market.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2006
Construction STEEL FRAME
Total area 22,463 SF
Lot 2.9 ac (126,324 SF)
Zoning code PUD
APN 312/03207-500-001
UPID US25-0293150
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
$1.75M
Blend (final) Blend
$1.77M
Owner & transaction history
Lincoln Savings Bank · 2 yrs held
Lincoln Savings Bank
since 2024
5 recorded transactions
2024
$2.2M
2020
Price N/A
2018
Price N/A
2017
Price N/A
1969
Price N/A
Zoning & alternative use
PUD · Urbandale, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

T. § 160.21 “FW” FLOODWAY (OVERLAY) DISTRICT. § 160.22 “FF” FLOODWAY FRINGE (OVERLAY) DISTRICT. § 160.22.1 “GF” GENERAL FLOODPLAIN (OVERLAY) DISTRICT. § 160.23 ADMINISTRATION OF FLOODPLAIN MANAGEMENT DISTRICT. § 160.24 “P.U.D.” PLANNED UNIT DEVELOPMENT DISTRICT. § 160.25 GENERAL REGULATIONS FOR LAND AND STRUCTURES. § 160.26 GENERAL USE RESTRICTIONS AND RULES…

Zone name Planned Unit Development
General category PLANNED_DEVELOPMENT
Zone area 3,693.79 ac
Source CHAPTER 160: ZONING
Top alternative use upside
Retail stores $2.6M +45.2%
Commercial (general) $2.3M +28.4%
Warehouse, storage $2.1M +14.9%
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3821 121st St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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