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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    11151 Hickman Rd Urbandale, IA 50322-3741

    • Hotels
    • 69,715 SF
    • 13.65 lot acres
    OFF-MARKET
    Value Estimations
    $6,615,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US25-0839709
    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

    • Hotels

    Property Details for 11151 Hickman Rd

    Year built
    2015
    Construction
    FRAME
    Lot size
    13.65 lot acres
    Property size
    69,715 SF
    Property type
    Hotels
    Property subtype
    Motels
    APN
    312/02839-015-008
    APU
    31202839015008

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $8,740,000
      6.5%
      $8,070,000
      7%
      $7,495,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $7,147,000
      Market price range: $2.75M - $7.15M
      AI Estimate
      $4,631,000
      Market price range: $810k - $4.63M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $5,065,000
      Current use
      RESTAURANT
      $10,760,000
      Change: +112% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $10,265,000
      Change: +103% Conversion: Difficult
      RETAIL STORES
      $8,095,000
      Change: +60% Conversion: Difficult
      WAREHOUSE, STORAGE
      $6,410,000
      Change: +26% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $6,325,000
      Change: +25% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Urbandale
    County
    Polk
    State
    Iowa
    Longitude
    -93.7725
    Latitude
    41.6159
    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
    2023
    $0.00
    $2,850,220
    $5,810,000
    $8,660,220
    -
    $2,850,220
    $5,810,000
    $8,660,220

    Comparable in this City

    • Value Estimation
      $3,250,000
      47,286 SF

      3940 114th St

      HOTEL/MOTEL • 47,286 SF
      3940 114th St, Urbandale, IA 50322-2068
      View Details
    • Value Estimation
      $5,680,000
      61,235 SF

      11211 Hickman Rd

      HOTEL/MOTEL • 61,235 SF
      11211 Hickman Rd, Urbandale, IA 50322-3743
      View Details
    • Value Estimation
      $1,540,000
      27,220 SF

      5900 Sutton Pl

      HOTEL/MOTEL • 27,220 SF
      5900 Sutton Pl, Urbandale, IA 50322-1876
      View Details
    • Value Estimation
      $1,820,000
      19,530 SF

      7625 Hickman Rd

      HOTEL/MOTEL • 19,530 SF
      7625 Hickman Rd, Urbandale, IA 50322-4509
      View Details
    • Value Estimation
      $4,955,000
      60,828 SF

      8789 Plum Dr

      HOTEL/MOTEL • 60,828 SF
      8789 Plum Dr, Urbandale, IA 50322-6245
      View Details
    • Value Estimation
      $2,245,000
      59,240 SF

      4995 Merle Hay Rd, Unit A

      HOTEL/MOTEL • 59,240 SF
      4995 Merle Hay Rd, Des Moines, IA 50322-1901
      View Details

    Similar Nearby for Sale

    • $1,457,082
      1.06 Acres

      Urbandale Commercial Land Opportunity

      Prime Urbandale land, ideal for retail/commercial development.
      10500 Plum Dr, Urbandale, IA 50322
      View Details
    • Contact for pricing
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      6.35 Acres

      Urbandale Development Land - I-80/35 Access

      6.35-acre commercial development site. Prime Urbandale location.
      12408 Meredith 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

      Land for Retail/Office/Hotel

      Land with quick access to I35/I80 interchange.
      11050 Douglas Ave, Urbandale, IA 50322
      View Details
    • $495,000
      51,822 SF

      Prime Commercial Land in Urbandale

      1.19 acres of commercial land in a prime location.
      2931 100 St, Urbandale, IA 50322
      View Details

    Similar Nearby for Lease

    • $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
      6,500 SF

      Urbandale Flex Office Space Available

      6,500 SF Flex Office, Two Suites Available
      2990 Justin Dr, Urbandale, IA 50322
      View Details
    • $6 SF/Yr
      47,840 SF

      Urbandale Warehouse: 47,840 SF

      Spacious Iowa warehouse, ideal for lease.
      4451 112Th St, Urbandale, IA 50322
      View Details
    • $13 SF/Yr
      4,928 SF

      Prime Urbandale Executive Office Space

      Modern Office Suites, 2,073-2,855 SF
      3809 109 St, Urbandale, IA 50322
      View Details
    • $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
    • $8 SF/Yr
      35,718 SF

      Aurora Business Park Flex Space

      Urbandale, IA: Class A Flex Space Available
      11101 Aurora Ave, Urbandale, IA 50322
      View Details
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    Urbandale, IA 50322-3741
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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
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