Versatile Commercial Property on
For Sale
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10320 Hickman Rd, Clive, IA 50325
Spacious commercial property with showroom, office, and warehouse space.
Property Size58,816 SF
Price / SF$110.51
Days on Market972
Property Features for 10320 Hickman Rd
General Information
Standard status
Active
Size
58,816 SF
Property subtype
Industrial
Building Details
Year Built
1972
Year Renovated
2003
Listing Agency:
CBRE - Des Moines
Listed By:
Ned Turner · License #IA69337000
(515) 371-0499
Source:
Crexi
Added: Feb 8, 2024
Changed: Sep 28
Last Checked: Oct 5 at 6:02PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Des Moines
Investment Insights
Based on property information with market context.
This commercial property features a 22,654 square foot showroom, 2,520 square feet of office space, and a 33,642 square foot storage/warehouse area. Built in 1972 and remodeled in 2003, the property includes nine drive-in doors, sized at 10'x12' and 12'x12'. The clear height ranges from 14 to 16 feet. It also offers outdoor storage capabilities and 3-phase power at 800 amps. The location provides easy access to I-35/80 and benefits from 27,200 vehicles per day on Hickman Road. The property is highly visible from Hickman Road and has direct access to a lighted intersection.
Key Highlights
- Easy access to I‑35/80
- Highly visible from Hickman Road with 27,200 VPD
- Large Storage/Warehouse: 33,642 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$542,472
Cap Rate
8.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,849,440
$10.8M
Cap Rate 7%
$7,749,600
$7.7M
Cap Rate 9%
$6,027,467
$6.0M
Market Conditions
NOI Build-Up for 58,816 SF
Gross rent
$847.0K $14.40/SF
− Vacancy
−$72.0K −$1.22/SF
EGI
$775.0K $13.18/SF
− OpEx
−$232.5K −$3.95/SF
NOI
$542.5K $9.22/SF
Area
Polk County, IA
Vacancy
8.50%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,849,440
Cap Rate 7%
$7,749,600
Cap Rate 9%
$6,027,467
Alternative Uses
Best Use
Flex RnD
$56.62M
$49.54M – $66.05M
NOI $3,963,260 @ 7.0% cap · market cap 60.97%
Second Best
Warehouse
$47.36M
$41.44M – $55.25M
NOI $3,315,176 @ 7.0% cap · market cap 51.00%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
908
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 50325, IA
18,619
Population
7,455
Households
2.5
Avg Household Size
39
Median Age
60%
College-Educated
95%
High-School Grad
7.7 sq mi
ZIP Area
2,418
Density / Sq Mi
$131,082
Median Household Income
$63,495
Median Earnings
$1,099
Median Rent
$379,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
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Similar Off Market Nearby
- Machine Shed Restaurant Urbandale — 11151 Hickman Rd, Urbandale, IA 50322
- New Horizon Foods, Inc. — 2670 106th St, Urbandale, IA 50322
Frequently Asked Questions
What type of property is this?
Flex space - Spacious commercial property with showroom, office, and warehouse space.
Where is this flex space located?
The property is located at 10320 Hickman Rd Clive, IA.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: Easy access to I‑35/80; Highly visible from Hickman Road with 27,200 VPD; Large Storage/Warehouse: 33,642 SF
