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Property profile & analytics
FOR LEASE
Strip malls
15920 Hickman Rd, Clive, IA 50325
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0224149
For Lease
1 / 2
$14 SF/Yr
15920 Hickman Rd, Clive, IA 50325
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2005
Total area
15,171 SF
Lot
1.55 ac (67,518 SF)
APN
1235200031
UPID
US25-0224149
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
$2.32M
CAP Approach
CAP
$2.77M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.58M
Owner & transaction history
Jjr Holdings LLC · 1 yrs held
Jjr Holdings LLC
since 2025
Last sale
$2.7M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.6M
+115.3%
Medical building
$2.5M
+108.1%
Restaurant
$2.3M
+93.0%
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
$2,410,000
ML approach
$2,320,000
CAP Approach
CAP Return
Estimation
6%
$2,995,000
6.5%
$2,765,000
7%
$2,565,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,610,000
Change: +115% · Conversion: Difficult
MEDICAL BUILDING
$2,525,000
Change: +108% · Conversion: Difficult
RESTAURANT
$2,340,000
Change: +93% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,235,000
Change: +84% · Conversion: Difficult
OFFICE BUILDING
$2,170,000
Change: +79% · Conversion: Moderate
RETAIL STORES
$1,760,000
Change: +45% · Conversion: Easy
Blend value · Realmo final
$2.58M
Range $2.32M – $2.84M · ±10% · vs last sale $2.70M (May 21 2025)
Last sale anchor
$2.70M
May 21 2025
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
$170 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$52,596
Tax year 2022
Assessed value
$2,121,240
Assessed 2023
Previous assessed
$1,817,540
+16.7% YoY
Effective rate
2.48%
On assessed value
Assessed land
$540,140
Assessed improvement
$1,581,100
Land market value
$540,140
Improvement market value
$1,581,100
Total market value
$2,121,240
Applied tax rate
710,000.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
2005
Heating
NONE
Stories
1
Total area
15,171 SF
Lot
1.55 ac (67,518 SF)
APN
1235200031
UPID
US25-0224149
Jurisdiction
DALLAS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$2.5M
RESTAURANT
Est. value
$2.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.2M
OFFICE BUILDING
Est. value
$2.2M
RETAIL STORES
Est. value
$1.8M
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
RETAIL STORES
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
2005
Heating
NONE
Stories
1
Lot
1.55 ac
Current owner
From public records · entity-resolved
Jjr Holdings LLC
Entity
Mailing address
3737 WOODLAND AVE STE #320, WEST DES MOINES, IA 50266-1937
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 21, 2025
$2,700,000
Jjr Holdings LLC
Mant LLC
Warranty Deed
—
Sep 17, 2020
$175,000
Daaeg Props LLC
Bk Peoples
Warranty Deed
—
Oct 5, 2018
$229,875
Cash Flow Ia LLC
Stepehn,vera M
Warranty Deed
—
Apr 10, 2017
$1,312,000
Mant LLC
Emerald Isle Props LLC
Warranty Deed
$2,000,000 · Luana Svgs Bk
Nov 22, 2013
—
Dj Dev INC
Country Club Square LLC
Quit Claim Deed
related
—
Nov 24, 2010
—
Country Club Square LLC
Dj Dev INC
Quit Claim Deed
related
—
Jul 13, 2004
—
Dj Dev INC
—
Grant Deed
related
$1,568,000 · Liberty Federal Savings Bank
—
—
Emerald Isle Props LLC
—
Deed Of Trust
$850,000 · Northwest Bank
—
—
D J Dev INC
—
Deed Of Trust
related
$1,000,000 · Northwest Bank
—
—
Dj Dev INC
—
Deed Of Trust
related
$72,000 · Liberty Federal Savings 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.
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