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Property profile & analytics
OFF-MARKET Estimated value $910,000
Medical Office Space

7180 Hickman Rd Windsor Heights, IA 50324-4852

3,280 SF 0.88 ac lot Built 1976
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US25-0386419
Property summary
AI-generated overview

This exceptional 2,930 square foot medical office building, located at 7180 Hickman Rd in Windsor Heights, IA 50324, presents a unique investment opportunity. Built in 1977 and extensively renovated in 2015, the property boasts a desirable two-story layout within a single building situated on a 0.88-acre lot. The building is zoned for Community Commercial District use and features a total of 31 parking spaces, including 26 in the main lot and 5 additional staff spaces. Previously used as an orthodontics practice, the space includes multiple operatories, a dedicated lab area, private offices, and an implant workroom, making it ideally suited for a variety of dental or medical practices. The adaptable floor plan offers a seamless blend of treatment and administrative areas. The property is currently vacant, providing a blank canvas for a new tenant to customize the space to their specific needs. A tenant improvement allowance is negotiable. This is a rare opportunity to acquire a well-maintained, strategically located medical office building in a thriving community.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1976
Construction FRAME
Total area 3,280 SF
Lot 0.88 ac (38,222 SF)
Zoning code CC
APN 292/01885-003-005
UPID US25-0386419
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
$975k
CAP Approach CAP
$585k
Comparable Approach Comparable
by Request
Blend (final) Blend
$910k
Owner & transaction history
Real Estate Holdings I LLC · 4 yrs held
Real Estate Holdings I LLC
since 2021
Last sale
$900,000
4 recorded transactions
2021
$900,000
2018
Price N/A
2011
Price N/A
2011
Price N/A
Zoning & alternative use
CC · Windsor Heights, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

This district is intended for commercial facilities which serve the needs of markets ranging from several neighborhoods to the overall region. While allowed commercial and office uses are generally compatible with nearby residential areas, traffic and operating characteristics may have more negative effects on residential neighborhoods than those permitted i…

Zone name Community Commercial District
General category COMMERCIAL
Zone area 148.08 ac
Source Realmo
Top alternative use upside
Auto repair, garage $565,000 +3.5%
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