Two-Level Medical
New
For Sale
$525,000
7180 Hickman Road, Windsor Heights, IA 50324
CommercialSale, Office, Windsor Heights, IA
Property Size3,280 SF
Lot Size0.88 Acres
Price / SF$160.06
Days on Market4
Property Features for 7180 Hickman Road
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
CC
Lot features
Irregular Lot
Elementary school district
West Des Moines
Middle school district
West Des Moines
High school district
West Des Moines
Directions
South side of Hickman Rd between 73rd St and Shasta Pl in Windsor Heights, next to Hy-Vee Fast & Fresh.
Subdivision
Windsor Heights
Standard status
Active
APN
29201885003005
Lot size
0.88 Acres
Additional Details
Property Use
Office/Medical
Condition
Move-in Ready
Taxes and HOA fees
Tax Description
LOT 16 WILSHIRE MANOR PLAT 2; AND E 100F & PARCEL A BK 10845 PG 188 N 18F E 77F W 111.8F E 211.8F S 100F LOT 33 WILSHIRE MANOR
Tax Annual Amount
16698
Legal Description
LOT 16 WILSHIRE MANOR PLAT 2; AND E 100F & PARCEL A BK 10845 PG 188 N 18F E 77F W 111.8F E 211.8F S 100F LOT 33 WILSHIRE MANOR
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1976
Building materials
Block, Frame, Stucco
Roof type
Tar/Gravel
Architectural style
Other
Buildings
1
Listing Agency:
Space Simply
(515) 423-0899
Listed By:
Neil Timmins
(515) 556-9674
Added: Oct 27
Last Checked: Oct 30 at 6:06PM
MLS# 751991
Copyright © 2026 Des Moines Area Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This two-level medical office building contains 3,280 square feet and occupies a 0.877-acre parcel. Its layout includes a reception area, open treatment space, private offices, workrooms with sinks and cabinetry, and restrooms on both floors. The building was constructed in 1976 and has central air conditioning and forced-air, natural-gas heat.
Frontage along Hickman Road provides direct exposure to a corridor carrying approximately 19,347 cars daily. The property is next to Hy-Vee Fast & Fresh and has 31 parking stalls, building and monument signage, and an outdoor yard area. Public water and sewer serve the site.
Frontage along Hickman Road provides direct exposure to a corridor carrying approximately 19,347 cars daily. The property is next to Hy-Vee Fast & Fresh and has 31 parking stalls, building and monument signage, and an outdoor yard area. Public water and sewer serve the site.
Key Highlights
- 3,280‑square‑foot, two‑level medical office building
- 0.877‑acre parcel with direct Hickman Road frontage
- Traffic volume of approximately 19,347 cars daily
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,217
Cap Rate
8.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$864,340
$864.3K
Cap Rate 7%
$617,386
$617.4K
Cap Rate 9%
$480,189
$480.2K
Market Conditions
NOI Build-Up for 3,280 SF
Gross rent
$72.0K $21.96/SF
− Vacancy
−$14.4K −$4.39/SF
EGI
$57.6K $17.57/SF
− OpEx
−$14.4K −$4.39/SF
NOI
$43.2K $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%
$864,340
Cap Rate 7%
$617,386
Cap Rate 9%
$480,189
Alternative Uses
Best Use
Office B
$617.4K
$540.2K – $720.3K
NOI $43,217 @ 7.0% cap · market cap 8.23%
Second Best
Healthcare Medical
$519.8K
$454.9K – $606.5K
NOI $36,389 @ 7.0% cap · market cap 6.93%
Theoretical Best
Flex RnD
$3.16M
$2.76M – $3.68M
NOI $221,020 @ 7.0% cap · market cap 42.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
436
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 50324, IA
5,252
Population
2,327
Households
2.3
Avg Household Size
40
Median Age
44%
College-Educated
98%
High-School Grad
1.4 sq mi
ZIP Area
3,751
Density / Sq Mi
$89,083
Median Household Income
$56,385
Median Earnings
$1,355
Median Rent
$251,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- Dr. Joan Schoon — 8145 University Blvd, Clive, IA 50325
- Dr. Heather Kay — 8145 University Blvd, Clive, IA 50325
- University West Pet Clinic — 8145 University Blvd, Clive, IA 50325
- Hickman Road Veterinary Clinic — 6301 Hickman Rd, Des Moines, IA 50322
Frequently Asked Questions
What type of property is this?
Medical Office Space - CC-zoned building includes reception, treatment, and private-office areas.
Where is this medical office space located?
The property is located at 7180 Hickman Road Windsor Heights, IA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 3,280‑square‑foot, two‑level medical office building; 0.877‑acre parcel with direct Hickman Road frontage; Traffic volume of approximately 19,347 cars daily
