Medical Tenant NNN
7180 Hickman Rd Windsor Heights, IA
For Sale
Contact for pricing
Single tenant NNN property with established medical tenant.
Property Size3,280 SF
Lot Size0.88 Acres
Price / SF$320.12
Days on Market1374
Property Features for 7180 Hickman Rd
General Information
Standard status
Active
Size
3,280 SF
Lot size
0.88 Acres
Property subtype
OFFICE
Listing Agency:
CBRE
(515) 210-3050
Listed By:
Bill Wright · License #S33231000
(515) 210-3050
Source:
Moodyscre
Added: Oct 26, 2022
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 CBRE
Investment Insights
Based on property information with market context.
This is a single tenant NNN property with an established orthodontic practice that has been in the location for over 20 years. The property is located in the underserved Windsor Heights community. The property is suitable for medical use.
Key Highlights
- Rare single tenant NNN opportunity
- Established orthodontic practice
- Medical tenant with over 20 years in the location
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 | $72.0k | $21.96 |
| − Vacancy | −$14.4k | −$4.39 |
| EGI | $57.6k | $17.57 |
| − OpEx | −$14.4k | −$4.39 |
| NOI | $43.2k | $13.18 |
3,280 SF · lease $21.96/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$617.4K
$540.2K – $720.3K
NOI $43,217 @ 7.0% cap · market cap 4.12%
Second Best
Healthcare Medical
$519.8K
$454.9K – $606.5K
NOI $36,389 @ 7.0% cap · market cap 3.47%
Theoretical Best
Flex RnD
$3.16M
$2.76M – $3.68M
NOI $221,020 @ 7.0% cap · market cap 21.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Vetco Total Care Animal Hospital — 7333 Buffalo Rd, Clive, IA 50324
Frequently Asked Questions
What type of property is this?
Medical Office Space - Single tenant NNN property with established medical tenant.
Where is this medical office space located?
The property is located at 7180 Hickman Rd Windsor Heights, IA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Rare single tenant NNN opportunity; Established orthodontic practice; Medical tenant with over 20 years in the location
