Warehouse with Retail
15201 Hickman Rd Clive, IA 50325
15201 Hickman Rd, Clive, IA, 50325
$850,000
For Sale
$850,000
Built in 1992 with concrete parking, gravel drive, and a fenced yard supporting front office and retail showroom plus rear warehouse space.
Property Size12,048 SF
Price / SF$70.55
Days on Market44
Property Features for 15201 Hickman Rd
General Information
- Standard status
- Active
- Size
- 12,048 SF
Listing agency
Developers Realty Group LLC
(515) 778-0787
Listed by
Dorrance Brezina · License #B09260
(515) 778-0787
Source
Exprealty
Added: Jun 9 Updated: Jul 22 at 9:47AM Checked: Jul 22 at 9:47AM
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 Developers Realty Group LLC
Investment Insights
Based on property information with market context.
This property consists of a front office and retail showroom with a rear warehouse, all arranged on two parcels. The site includes approximately 2,000 square feet of concrete parking, a gravel drive and entry, and a 6' high chain-link fence. Built in 1992, the improvements include new siding added that same year.
The office was added to the front with dimensions of 34 by 72, and the retail showroom is described as 960 feet. The warehouse in the back is described as 120 by 72, with access/entry noted to RHINER PLUMBING through the gravel drive.
Overall, the configuration supports a combined showroom and warehouse operation on a secured yard with dedicated parking and site access.
The office was added to the front with dimensions of 34 by 72, and the retail showroom is described as 960 feet. The warehouse in the back is described as 120 by 72, with access/entry noted to RHINER PLUMBING through the gravel drive.
Overall, the configuration supports a combined showroom and warehouse operation on a secured yard with dedicated parking and site access.
Key Highlights
- Built in 1992 with concrete parking, gravel drive, and a 6' high chain‑link fenced yard
- 2‑parcel property with office added to the front: 34' x 72' (2,448 SF)
- Front retail showroom area: 960 SF
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $76.6k | $6.36 |
| − Vacancy | −$6.1k | −$0.50 |
| EGI | $70.6k | $5.86 |
| − OpEx | −$21.2k | −$1.76 |
| NOI | $49.4k | $4.10 |
12,048 SF · lease $6.36/SF/yr · vacancy 7.90% · expense 30.00%
Alternative Uses
Best Use
Flex RnD
$11.60M
$10.15M – $13.53M
NOI $811,843 @ 7.0% cap · market cap 95.51%
Second Best
Warehouse
$9.70M
$8.49M – $11.32M
NOI $679,088 @ 7.0% cap · market cap 79.89%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Built in 1992 with concrete parking, gravel drive, and a fenced yard supporting front office and retail showroom plus rear warehouse space.
Where is this flex space located?
The property is located at 15201 Hickman Rd Clive, IA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Built in 1992 with concrete parking, gravel drive, and a 6' high chain‑link fenced yard; 2‑parcel property with office added to the front: 34' x 72' (2,448 SF); Front retail showroom area: 960 SF
