Technical
Financial
Distress signals
Property profile

7109 Hickman Rd Urbandale, IA 50322

OFF-MARKET
Investment properties
Property ID
US25-0176746
6,450 SF 0.77 ac lot Built 2022
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 2022
Construction FRAME
Total area 6,450 SF
Lot 0.77 ac (33,373 SF)
Zoning code C-O
APN 312/02630-555-001
UPID US25-0176746

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Accounting Firm
  • Advertising Agency Marketing & Advertising

Location

7109 Hickman Rd Urbandale, IA 50322-4851
Urbandale metro Census 10408 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$630k
CAP Approach CAP
by Request
Comparable Approach Comparable
$511k
Blend (final) Blend
$560k

Owner & transaction history

since 2021
Last sale
$565,000
7 recorded transactions
2021
$565,000
2021
$40,000
2019
Price N/A
2013
Price N/A
2008
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C-O · Urbandale, IA
Zoning description

T. § 160.09 “R-2” TOWNHOUSE RESIDENTIAL DISTRICT. § 160.10 “R-3” LOW DENSITY MULTI-FAMILY DISTRICT. § 160.11 “R-4” MEDIUM DENSITY MULTI-FAMILY DISTRICT. § 160.12 “O-R” TRANSITIONAL OFFICE/RESIDENTIAL DISTRICT. § 160.13 “…

General category COMMERCIAL
Top alternative use upside
Apartment house (5+ units) $950,000 +62.3%
Retail stores $750,000 +28.0%
Warehouse, storage $595,000 +1.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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