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    7400 Hickman Rd Windsor Heights, IA 50325

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    For Lease
    Contact for pricing

    Prime Windsor Heights location, multiple suites available.

    Lot size:
    11,346 SF

    Property Features for 7400 Hickman Rd

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,346 SF
    Total Rate
    11346

    Building Details

    Year Built
    1987

    Spaces For Lease

    at 7400 Hickman Rd, Windsor Heights, IA 50325 Contact us
    Unit 7534 Hickman Road

    $12 /Mo

    Size
    670 SF
    Contact us
    Unit 7622 Hickman Road

    $12 /Mo

    Size
    1,111 SF
    Contact us
    Unit 7642 Hickman Road

    $12 /Mo

    Size
    635 SF
    Contact us
    Unit 7660 Hickman Road

    $16 /Mo

    Size
    1,871 SF
    Contact us
    Unit 7672 Hickman Road

    $16 /Mo

    Size
    2,759 SF
    Contact us
    Unit 7634 Hickman Road

    $12 /Mo

    Size
    653 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Keith Olson
    Keith Olson

    Listing Agency: LOCATE Commercial Real Estate Listing Agent: Keith Olson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional executive office space, located at 7400 Hickman Road in Windsor Heights, Iowa, offers a fantastic opportunity for businesses seeking flexible and modern office solutions. The property, built in 1987, is situated in Polk County and boasts a total of 11,346 square feet, with a variety of suite sizes available. Six individual spaces are currently available for lease, ranging from a minimum of 473 square feet to a maximum of 2,759 square feet. The maximum contiguous space available is 2,330 square feet, providing ample room for expansion or consolidation. Currently, 4,271 square feet of space is vacant, offering immediate occupancy options. The property is classified as both retail and office space, and its "Executive Office, Professional, Strip Center" subtype suggests a versatile environment suitable for a range of professional businesses. The property's location in the desirable Windsor Heights area of Des Moines, Iowa (zip code 50325), offers convenient access to major transportation routes and amenities. This multi-tenant building presents a unique opportunity to establish a presence in a thriving commercial district. Inquire today to learn more about leasing options and secure your ideal workspace.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Windsor Heights
    County
    Polk
    State
    Iowa
    Longitude
    -93.719776
    Latitude
    41.614153

    Nearby Similar for Lease

    • $12 SF/Yr
      8,767 SF

      Office Space on Hickman Road

      Office space for rent with excellent location and amenities.
      7900 Hickman Rd, Windsor Heights, IA
      View Details
    • $24 SF/Yr
      1,205 SF

      Windsor Heights Retail Space Available

      Retail space in community shopping center with high traffic location.
      7200-7238 University Ave, Windsor Heights, IA
      View Details
    • Contact for pricing
      5,200 SF

      Versatile Flex Space Available

      Flex space with office, retail, and warehouse areas.
      1220 73 St, Windsor Heights, IA
      View Details
    • $10 SF/Yr
      23,351 SF

      Windsor Heights Office Suites

      Des Moines West Executive Offices Available
      6611 University Ave, Windsor Heights, IA 50324
      View Details
    • $12 SF/Yr
      12,969 SF

      Hickman Road Coworking Suites

      Modern Coworking Space in Windsor Heights
      0 Windsor Hts, Windsor Heights, IA 50324
      View Details

    FAQs

    What type of property is this?
    Neighborhood center - Prime Windsor Heights location, multiple suites available.
    Where is this neighborhood center located?
    The property is located at 7400 Hickman Rd Windsor Heights, IA.
    What is the lease rate?
    The lease rate is $12-$16 SF/Yr.
    What are key features of this property?
    This property features: 275-1,006 square feet of available space.; Excellent location with easy access.; Abundant parking available.
    (515) 460-0624 Call to check price and availability
    Request Owner's contact information
    7400 Hickman Rd Windsor Heights, IA 50325
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    Windsor Heights, IA 50325
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7400 Hickman Rd Windsor Heights, IA 50325
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Keith Olson
    Keith Olson
    Real Estate License ID: B57438000
    (515) 460-0624 (515) 750-7500
    Learn more
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