Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    10611 Hickman Rd Urbandale, IA 50322-3731

    • Medical Office Space
    • 8,289 SF
    • 2.40 lot acres
    OFF-MARKET
    Value Estimations
    $1,015,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US25-0289301
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Medical Office Space

    Property Details for 10611 Hickman Rd

    Year built
    2007
    Construction
    STEEL FRAME
    Lot size
    2.40 lot acres
    Property size
    8,289 SF
    Zone code
    PUD
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    312/03260-403-000
    APU
    31203260403000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $614,000
      Market price range: $238k - $778k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,380,000
      Current use
      AUTO REPAIR, GARAGE
      $1,425,000
      Change: +3% Conversion: Difficult
      RESTAURANT
      $1,280,000
      Change: -7% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $1,220,000
      Change: -12% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Urbandale
    County
    Polk
    State
    Iowa
    Longitude
    -93.7635
    Latitude
    41.6157
    CBSA code
    19780
    CBSA name
    DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $35,846
    $884,000
    $626,000
    $1,510,000
    -
    $884,000
    $626,000
    $1,510,000

    Comparable in this City

    • Value Estimation
      $945,000
      7,768 SF

      7555 Hickman Rd

      MEDICAL BUILDING • 7,768 SF
      7555 Hickman Rd, Urbandale, IA 50322-4620
      View Details
    • Value Estimation
      $1,165,000
      9,552 SF

      8501 Plum Dr

      MEDICAL BUILDING • 9,552 SF
      8501 Plum Dr, Urbandale, IA 50322-4703
      View Details
    • Value Estimation by Request
      4,200 SF

      6128 Douglas Ave

      MEDICAL BUILDING • 4,200 SF
      6128 Douglas Ave, Des Moines, IA 50322-3308
      View Details
    • Value Estimation
      $1,100,000
      12,958 SF

      4631 Merle Hay Rd

      MEDICAL BUILDING • 12,958 SF
      4631 Merle Hay Rd, Des Moines, IA 50322-1908
      View Details
    • Value Estimation
      $2,145,000
      13,624 SF

      5200 100th St

      MEDICAL BUILDING • 13,624 SF
      5200 100th St, Urbandale, IA 50322-7208
      View Details
    • Value Estimation
      $1,465,000
      11,472 SF

      8573 Urbandale Ave

      MEDICAL BUILDING • 11,472 SF
      8573 Urbandale Ave, Urbandale, IA 50322-4108
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      18,900 SF

      Urbandale Medical Office Building

      Owner-user opportunity, 17,557 SF
      3001 86 St, Urbandale, IA 50322
      View Details
    • $1,500,000
      5,114 SF

      Former Dental Office with Theater

      Versatile Urbandale property with unique features and expansion potential.
      8501 Plum Dr, Urbandale, IA 50322
      View Details
    • $329,900
      0.37 Acres

      Office Building in High-Demand Corridor

      Fully occupied office building with long-term lease and built-in income.
      2400 6Th St, Urbandale, IA 50322
      View Details
    • Contact for pricing
      2.06 Acres

      Urbandale Industrial Property For Sale

      10,608 SF Industrial Building, Iowa
      10740 Aurora Ave, Urbandale, IA 50322
      View Details
    • $550,000

      Renovated Office Space on Hickman

      Modern office space for sale in Urbandale, Iowa.
      7177 Hickman Rd, Urbandale, IA 50322
      View Details
    • $599,000
      3,723 SF

      Renovated Office Space For Sale

      Completely renovated office space with modern finishes and convenient location.
      7177 Hickman Rd, Urbandale, IA 50322
      View Details

    Similar Nearby for Lease

    • $28 SF/Yr
      9,908 SF

      Urbandale Retail Space Available

      Modern Retail/Office Space in Urbandale, IA
      10100 Plum Dr, Urbandale, IA 50322
      View Details
    • $7 SF/Yr
      2,299 SF

      Urbandale Flex Office Space Available

      Multiple suites, prime Urbandale location.
      2824 104 St, Urbandale, IA 50322
      View Details
    • $9 SF/Yr
      18,900 SF

      Des Moines West Medical Office Space

      Modern medical office suites available.
      3001-3035 86 St, Urbandale, IA 50322
      View Details
    • $6 SF/Yr
      212,000 SF

      Center Pointe Warehouse: Urbandale, IA

      Modern Warehouse, 212,000 SF, Iowa
      10300 Northpark Dr, Urbandale, IA 50322
      View Details
    • $10 SF/Yr

      Visible Office Space on Merle Hay

      Highly visible office space with utilities included near I-80.
      4685 Merle Hay Rd, Urbandale, IA 50322
      View Details
    • Contact for pricing
      33,028 SF

      Urbandale Flex/Showroom/Office Space

      Prominent Urbandale building with abundant natural light and flexible space.
      4093 NW Urbandale Dr, Urbandale, IA 50322
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    10611 Hickman Rd
    Urbandale, IA 50322-3731
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!