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    11895 Hickman Rd Urbandale, IA 50323-1821

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    11895 Hickman Rd Urbandale, IA 50323-1821

    View on Map
    • Strip malls
    • 7,952 SF
    • 1.19 lot acres
    Off-Market
    Property ID
    US25-0702808
    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.
    Value Estimations
    $710,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Strip malls

    Property Details for 11895 Hickman Rd

    Year built
    2016
    Construction
    STEEL FRAME
    Lot size
    1.19 lot acres
    Property size
    7,952 SF
    Zone code
    PUD
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    312/01034-706-000
    APU
    31201034706000

    Description

    This exceptional retail opportunity is located at 11895 Hickman Road in Urbandale, Iowa, 50323, offering 1,488 square feet of immediately available space within a larger 15,127 square foot building. Situated on a high-traffic corridor with excellent visibility from Frontage Road, this property ensures maximum exposure for your business. The space is part of a multi-tenant building, providing a vibrant and bustling environment. The minimum divisible space is 1,488 square feet, ideal for a variety of retail uses. This location in Urbandale, Iowa offers a strong customer base and convenient access for patrons. The property's address is easily accessible and highly visible, making it an attractive location for businesses seeking to establish a strong presence in the area. The total building size is 15,127 square feet, indicating a substantial and well-established retail center. This is a rare opportunity to secure a prime retail space in a thriving Urbandale location. Don't miss out on this chance to boost your business's visibility and success. Contact us today to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $926,000
      Market price range: $422k - $927k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $635,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $1,170,000
      Change: +84% Conversion: Difficult
      RETAIL STORES
      $925,000
      Change: +45% Conversion: Easy
      COMMERCIAL (GENERAL)
      $815,000
      Change: +28% Conversion: Easy
      WAREHOUSE, STORAGE
      $730,000
      Change: +15% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Urbandale
    County
    Polk
    State
    Iowa
    Longitude
    -93.7813
    Latitude
    41.6156
    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
    $60,856
    $1,090,000
    $1,340,000
    $2,430,000
    -
    $1,090,000
    $1,340,000
    $2,430,000

    Comparable in this City

    • Value Estimation
      $2,005,000
      22,463 SF

      3881 121st St

      SHOPPING CENTER, STRIP CENTER • 22,463 SF
      3881 121st St, Urbandale, IA 50323-2420
      View Details
    • Value Estimation
      $1,810,000
      9,600 SF

      4440 128th St

      SHOPPING CENTER, STRIP CENTER • 9,600 SF
      4440 128th St, Urbandale, IA 50323-1728
      View Details
    • Value Estimation
      $1,765,000
      22,463 SF

      3821 121st St

      SHOPPING CENTER, STRIP CENTER • 22,463 SF
      3821 121st St, Urbandale, IA 50323
      View Details
    • Value Estimation
      $685,000
      7,565 SF

      11881 Hickman Rd

      SHOPPING CENTER, STRIP CENTER • 7,565 SF
      11881 Hickman Rd, Urbandale, IA 50323-1823
      View Details
    • Value Estimation
      $705,000
      7,500 SF

      4555 156th St

      SHOPPING CENTER, STRIP CENTER • 7,500 SF
      4555 156th St, Urbandale, IA 50323-2459
      View Details
    • Value Estimation by Request
      1.18 Acres

      156th St & Meredith Dr

      Day care centers • 1.18 Acres
      156th St & Meredith Dr, Urbandale, IA 50323
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      22,301 SF

      Leased Retail Center For Sale

      100% leased retail center available in Urbandale, Iowa.
      3881 121 St, Urbandale, IA 50323
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    • Contact for pricing

      Land For Sale

      Land available for sale.
      4230 121 St, Urbandale, IA 50323
      View Details
    • $3,700,000

      Prime Urbandale Mixed-Use Opportunity

      Office and basketball/mixed-use property in a prime location.
      4020 121 St, Urbandale, IA 50323
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    • $500,000
      3.84 Acres

      Urbandale Development Land For Sale

      3.84 acres of development land in Urbandale, Iowa.
      SE 156Th St, Urbandale, IA 50323
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    • $205,900
      0.44 Acres

      Residential Land in Urbandale, Iowa

      Executive development lot near Waukee schools and amenities.
      4653 176 Ct, Urbandale, IA 50323
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    • $129,900
      0.32 Acres

      Land in Urbandale Executive Development

      Gorgeous executive development land with rolling terrain, trees, and pond.
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    Similar Nearby for Lease

    • Contact for pricing

      Class A Flex Space Available

      215,000 SF Class A flex space in Urbandale, Iowa.
      4651 121 St, Urbandale, IA 50323
      View Details
    • Contact for pricing
      6,000 SF

      Retail Space in Growing Area

      Retail space for lease in rapidly growing Urbandale.
      156Th Ct NW, Urbandale, IA 50323
      View Details
    • $33 SF/Yr
      6,000 SF

      Prime Polk County Retail Center

      6,000 SF Retail Space Available
      0 156Th Ct, Urbandale, IA 50323
      View Details
    • Contact for pricing

      New Industrial, Flex, Retail Development

      Modern industrial, flex, and retail spaces available for lease.
      128 St, Urbandale, IA 50323
      View Details
    • Contact for pricing

      Updated Office Space For Rent

      Recently updated office space available for rent, can be subdivided.
      12000 Ridgemont Dr, Urbandale, IA 50323
      View Details
    • Contact for pricing

      Class A Office Building

      90,000 SF Class A office building for rent.
      12100 Meredith Dr, Urbandale, IA 50323
      View Details
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    Urbandale, IA 50323-1821
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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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