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    4810 86 St Urbandale, IA 50322
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    Property profile & analytics

    4810 86 St, Urbandale, IA 50322

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    • Turn key restaurants
    • 4,968 SF
    • 1.11 lot acres
    For Lease
    $22 SF/Yr
    View Listing →
    Restaurant Ready for Immediate Occupancy For Lease
    $22 SF/Yr
    4,968 SF

    Restaurant Ready for Immediate Occupancy

    Second-generation restaurant space in established Urbandale neighborhood.

    4810 86th Street, Urbandale, IA 50322
    View Listing
    Property ID
    US25-0019008
    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.
    Value Estimations
    $960,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 4810 86 St

    Year built
    2003
    Construction
    STEEL FRAME
    Lot size
    1.11 lot acres
    Zone code
    PUD
    Property type
    Turn key restaurants
    APN
    312/00315-108-005
    APU
    31200315108005

    Description

    This turnkey restaurant located at 4810 NW 86th Street in Urbandale, Iowa, presents a unique investment opportunity. Situated on 1.1 acres of land in Polk County, the property boasts a total building size of 4,968 square feet. The single-tenancy building is currently configured as a restaurant, offering a seamless transition for a new owner or operator. Its prime location on NW 86th Street and Plum Drive ensures high visibility and significant foot traffic, making it an ideal spot for a thriving culinary business. The property is available for sale or lease, providing flexibility for potential buyers or tenants. All necessary equipment and infrastructure are in place, allowing for immediate operation. This is a rare chance to acquire a well-established restaurant space in a desirable Urbandale location, ready for immediate occupancy and poised for continued success. The zip code is 50322. The property's coordinates are 41.647558270234214 latitude and -93.73687261674782 longitude.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $980,000
      ML approach
      $990,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $750,000
      Market price range: $448k - $1.31M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $855,000
      Current use
      AUTO REPAIR, GARAGE
      $770,000
      Change: -10% Conversion: Difficult
      MEDICAL BUILDING
      $750,000
      Change: -12% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Urbandale
    County
    Polk
    State
    Iowa
    Longitude
    -93.7372
    Latitude
    41.6475
    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
    $38,392
    $616,000
    $604,000
    $1,220,000
    -
    $616,000
    $604,000
    $1,220,000

    Comparable in this City

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      4954 86th St

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    • Value Estimation
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      4,871 SF

      4900 86th St

      RESTAURANT
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      4625 Merle Hay Rd

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      RESTAURANT
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      View Details

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      Modern Restaurant Ready For Sale

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      3,862 SF

      Modern Restaurant Ready For Operation

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      Restaurant with Drive-Thru For Sale

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      13,139 SF

      Retail/Office Center in Urbandale, Iowa

      13,139 SF retail/office center at NW Urbandale Avenue and 100th Street.
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      13,262 SF

      Retail Building in Urbandale Area

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      Prime Retail Space in Urbandale

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      Retail Building in Anchored Center

      22,066 RSF retail building with high traffic location.
      11101 Plum Dr, Urbandale, IA 50322
      View Details
    • $22 SF/Yr
      4,968 SF

      Restaurant Ready for Immediate Occupancy

      Second-generation restaurant space in established Urbandale neighborhood.
      4810 86 St, Urbandale, IA 50322
      View Details
    • Contact for pricing

      Drive-Thru Restaurant Space Available

      1,232 SF drive-thru restaurant space for lease.
      5814 Hickman Rd, Des Moines, IA 50322
      View Details
    • $12 SF/Yr
      8,945 SF

      Retail Showroom & Warehouse Space

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      View Details
    • Contact for pricing
      1,388 SF

      Retail Space in Urbandale Center

      Retail spaces available in high-traffic Urbandale location.
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      View Details
    View Listing
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    4810 86 St
    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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