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Property profile & analytics
FOR SALE
Individual retail properties
10930 Hickman Rd, Clive, IA 50325
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0367988
For Sale
$4,215,000
10930 Hickman Rd, Clive, IA 50325
View Listing →
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
1995
Construction
FRAME
Total area
87,052 SF
Lot
5.74 ac (250,034 SF)
Zoning code
C-2
APN
291/00369-416-000
UPID
US25-0367988
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.16M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.22M
Owner & transaction history
Aspen Hickman LLC · 13 yrs held
Aspen Hickman LLC
since 2012
Last sale
$4.5M
7 recorded transactions
Zoning & alternative use
C-2 · Clive, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.4M
+129.8%
Medical building
$5.3M
+122.8%
Warehouse, storage
$3.1M
+30.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Clive submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Clive submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$3,710,000
ML approach
$4,160,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,440,000
Change: +130% · Conversion: Difficult
MEDICAL BUILDING
$5,275,000
Change: +123% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,100,000
Change: +31% · Conversion: Difficult
Blend value · Realmo final
$4.22M
Range $3.79M – $4.64M · ±10% · vs last sale $4.50M (Feb 5 2020)
Last sale anchor
$4.50M
Feb 5 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$48 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$105,592
Tax year 2020
Assessed value
$3,210,000
Assessed 2023
Previous assessed
$3,210,000
+0.0% YoY
Effective rate
3.29%
On assessed value
Assessed land
$2,060,000
Assessed improvement
$1,150,000
Land market value
$2,060,000
Improvement market value
$1,150,000
Total market value
$3,210,000
Applied tax rate
20.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Status
For Sale
Year built
1995
Construction
FRAME
Heating
YES
Cooling
YES
Buildings
1
Stories
4
Rooms
7
Bathrooms
2
Total area
87,052 SF
Lot
5.74 ac (250,034 SF)
Zoning code
C-2
APN
291/00369-416-000
UPID
US25-0367988
Jurisdiction
POLK
Zoning & alternative use
C-2 · Clive, IA
Zoning C-2 · permitted uses
C-2 · Clive, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Clive. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$5.4M
MEDICAL BUILDING
Est. value
$5.3M
WAREHOUSE, STORAGE
Est. value
$3.1M
COMMERCIAL (GENERAL)
MEDICAL BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1995
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
4
Buildings
1
Rooms
7
Bathrooms
2
Lot
5.74 ac
Current owner
From public records · entity-resolved
Aspen Hickman LLC
Entity
Mailing address
6100 E CENTRAL AVE STE #3, WICHITA, KS 67208-4237
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2020
—
Genesis Health Clubs Hickman L
—
Deed
—
Feb 5, 2020
—
Genesis Health Clubs Hickman L
—
Deed
related
—
Sep 4, 2012
$4,000,000
Aspen Hickman LLC
SR Properties LLC
Grant Deed
$4,000,000 · Freedom Financial Bank
Jan 19, 2011
$1,200,000
West Bk
SR Properties LLC
Grant Deed
related
—
Oct 4, 2010
—
Aspen Hickman LLC
Health & Sports Club Lc
Grant Deed
—
—
—
Genesis Health Clubs Hickman L
—
Deed Of Trust
—
—
—
Genesis Health Clubs Hickman L
—
Deed Of Trust
related
—
—
—
SR Properties LLC
—
Deed Of Trust
related
$1,200,000 · West Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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