4630 NW 86 St Urbandale, IA 50322
Oakwood Plaza presents a compelling investment opportunity in a thriving Polk County location. This single-story, 17,802 square foot retail strip center, built in 2000, sits on a 3.024-acre lot and is zoned C-N Neighborhood Convenience District. Currently, two spaces are available for lease: a 980 square foot retail/office space and a larger 1,904 square foot restaurant space. The center enjoys high visibility on a major thoroughfare in Urbandale, offering excellent access and exposure to a substantial customer base. Its strategic location near the intersection of NW 86th Street and Meredith Drive provides convenient proximity to I-35/I-80, ensuring strong traffic flow. Adding to its appeal, the property benefits from its adjacency to a Walgreens and is further enhanced by the development of 60 residential lots directly west of the shopping center, promising increased foot traffic and potential customer growth. Existing co-tenants include Edward Jones, Advanced Eye Care, and Friedrich's Coffee, creating a well-established and diverse tenant mix. This property offers a rare chance to acquire a well-positioned retail space in a rapidly growing area.
DISTRICT. § 160.10 “R-3” LOW DENSITY MULTI-FAMILY DISTRICT. § 160.11 “R-4” MEDIUM DENSITY MULTI-FAMILY DISTRICT. § 160.12 “O-R” TRANSITIONAL OFFICE/RESIDENTIAL DISTRICT. § 160.13 “C-O” OFFICE/SERVICE DISTRICT. § 160.14 “C-N” NEIGHBORHOOD CONVENIENCE DISTRICT. § 160.15 “C-G” GENERAL COMMERCIAL DISTRICT. § 160.16 “C-H” HIGHWAY COMMERCIAL DISTRICT. § 160.17 “C-…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C-N · Urbandale, IADISTRICT. § 160.10 “R-3” LOW DENSITY MULTI-FAMILY DISTRICT. § 160.11 “R-4” MEDIUM DENSITY MULTI-FAMILY DISTRICT. § 160.12 “O-R” TRANSITIONAL OFFICE/RESIDENTIAL DISTRICT. § 160.13 “C-O” OFFICE/SERVICE DISTRICT. § 160.14 “C-N” NEIGHBORHOOD CONVENIENCE DISTRICT. § 160.15 “C-G” GENERAL COMMERCIAL DISTRICT. § 160.16 “C-H” HIGHWAY COMMERCIAL DISTRICT. § 160.17 “C-P” PLANNED COMMERCE PARK DISTRICT. § 160.18 “M-1” PLANNED INDUSTRIAL DISTRICT. § 16
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.