Financial
Distress signals
Property profile

10320 Hickman Rd Clive, IA 50325

FOR SALE
Retail space
Property ID
US25-0353725
50,174 SF 10 ac lot Built 2003
Last sale Mar 2021 · $4,350,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional 58,816-square-foot industrial property, located at 10320 Hickman Road in Clive, Iowa, presents a unique investment opportunity. Situated on a 4.01-acre lot in Polk County, this single-tenant building boasts a prime location with easy access to I-35/80, ensuring seamless transportation and logistics. Built in 1972 and renovated in 2003, the property features nine drive-in doors, ranging in size from 10'x12' to 12'x12', providing convenient loading and unloading capabilities.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2020

What does the county charge?
$97k
Tax billed · 2020
Assessed value · 2023$3.91M
Assessed land$1.76M
Assessed improvement$2.15M
Effective rate2.48%

Value estimate

· Sep 2026
$4.18M
$3.76M – $4.59M
AI approach$4.53M
Submarket $/SF estimate$5.10M
NOI build-up
Gross scheduled income$847k
Vacancy & credit loss−$72k
Operating expenses−$232k
NOI · 8.35% cap applied$542k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$116/SF
Submarket average, outlier-cleaned · 86 recorded sales of this use type
Observed band · Q1–Q3$57 – $186

Cap rate analysis

How does the asset earn?
8.35%
$542k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
M-1
JurisdictionPOLK

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility12.8
Dental Office11.0
Restaurant10.7

Location

10320 Hickman Rd Clive, IA 50325
County assessor Recorded deeds · 6 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1710 86th, Clive, IA 50325-1028 $770,000 Jan 2023 14,256 SF
12493 University, Clive, IA 50325-8286 $21,643,000 Dec 2021 66,620 SF
10101 University, Clive, IA 50325-6441 $120,000 Jul 2021 12,792 SF
9999 University, Clive, IA 50325-6468 $2,100,000 Jun 2021 33,122 SF
12333 University, Clive, IA 50325-8245 $14,933,000 Mar 2020 42,264 SF
10930 Hickman, Clive, IA 50325-3738 $4,500,000 Feb 2020 87,052 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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