7177 Hickman Rd Urbandale, IA
Completely renovated office space with modern finishes and large parking.
Property Features for 7177 Hickman Rd
General Information
- Standard status
- Active
- Size
- 3,723 SF
- Lot size
- 0.15 Acres
- Property subtype
- OFFICE
Listing office NAI Iowa Realty Commercial (515) 306-0794
Listing date Oct 3, 2025
Source Moodyscre
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Investment Insights
Based on property information with market context.
Key Highlights
- Completely renovated office space with modern finishes.
- Includes 13 offices and a conference room.
- Large parking lot for employees and clients.
Local Financial Insights For Office B
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 | $81.8k | $21.96 |
| − Vacancy | −$16.4k | −$4.39 |
| EGI | $65.4k | $17.57 |
| − OpEx | −$16.4k | −$4.39 |
| NOI | $49.1k | $13.18 |
