Renovated Office Space For
For Sale
Contact for pricing
7177 Hickman Rd, Urbandale, IA
Completely renovated office space with modern finishes and large parking.
Property Size3,723 SF
Lot Size0.15 Acres
Price / SF$259.20
Days on Market370
Property Features for 7177 Hickman Rd
General Information
Standard status
Active
Size
3,723 SF
Lot size
0.15 Acres
Property subtype
OFFICE
Listing Agency:
NAI Iowa Realty Commercial
(515) 453-5429
Listed By:
Daniel Dempsey
(515) 306-0794
Source:
Moodyscre
Added: Oct 3, 2025
Changed: Oct 3
Last Checked: Oct 5 at 8:36PM
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 NAI Iowa Realty Commercial
Investment Insights
Based on property information with market context.
This is a completely renovated office space featuring modern finishes. The layout includes 13 offices, a conference room, a kitchen/break area, and two restrooms. It also has a reception area and a secondary entrance. A large parking lot is available for employees and clients. The sale includes Units 7, 8, and 9. Furniture can be included in the sale. The property is located in Urbandale, IA and has a size of 3723 square feet.
Key Highlights
- Completely renovated office space with modern finishes.
- Includes 13 offices and a conference room.
- Large parking lot for employees and clients.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,054
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$981,080
$981.1K
Cap Rate 7%
$700,771
$700.8K
Cap Rate 9%
$545,044
$545.0K
Market Conditions
NOI Build-Up for 3,723 SF
Gross rent
$81.8K $21.96/SF
− Vacancy
−$16.4K −$4.39/SF
EGI
$65.4K $17.57/SF
− OpEx
−$16.4K −$4.39/SF
NOI
$49.1K $13.18/SF
Area
Polk County, IA
Vacancy
20.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$981,080
Cap Rate 7%
$700,771
Cap Rate 9%
$545,044
Alternative Uses
Best Use
Office B
$700.8K
$613.2K – $817.6K
NOI $49,054 @ 7.0% cap · market cap 5.08%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$3.58M
$3.14M – $4.18M
NOI $250,871 @ 7.0% cap · market cap 26.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
564
Businesses Nearby
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Completely renovated office space with modern finishes and large parking.
Where is this office units located?
The property is located at 7177 Hickman Rd Urbandale, IA.
What is the asking price?
The asking price for this property is $965,000.
What are key features of this property?
This property features: Completely renovated office space with modern finishes.; Includes 13 offices and a conference room.; Large parking lot for employees and clients.
