Renovated Office Space For
7177 Hickaman Rd Urbandale, IA
For Sale
Contact for pricing
Completely renovated office space with modern finishes and large parking.
Property Size3,723 SF
Lot Size0.15 Acres
Price / SF$259.20
Days on Market300
Property Features for 7177 Hickaman 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) 306-0794
Listed By:
Daniel Dempsey
(515) 306-0794
Source:
Moodyscre
Added: Oct 3, 2025
Changed: Jul 10
Last Checked: Jul 21 at 6:24AM
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 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 |
3,723 SF · lease $21.96/SF/yr · vacancy 20.00% · expense 25.00%
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
Property Profile
Location Intelligence
Current Use
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 Hickaman 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.
