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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Retail space
7300 Hickman Rd Windsor Heights, IA 50324
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US25-0077531
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2021
Construction
STEEL FRAME
Total area
4,534 SF
Lot
0.54 ac (23,380 SF)
Zoning code
CC
APN
292/01617-003-002
UPID
US25-0077531
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
by Request
CAP Approach
CAP
$675k
Comparable Approach
Comparable
$702k
Blend (final)
Blend
$625k
Owner & transaction history
Fireworks Leasing LLC · 7 yrs held
Fireworks Leasing LLC
since 2019
7 recorded transactions
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
$780,000
+48.3%
Medical building
$755,000
+43.3%
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 Windsor Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Windsor Heights 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$735,000
6.5%
$675,000
7%
$630,000
Alternative Use
Use
Estimation
RETAIL STORES
$525,000
Current use
AUTO REPAIR, GARAGE
$780,000
Change: +48% · Conversion: Difficult
MEDICAL BUILDING
$755,000
Change: +43% · Conversion: Difficult
COMMERCIAL (GENERAL)
$465,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$625k
Range $563k – $688k · ±10%
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
$138 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$3,888
Tax year 2020
Assessed value
$538,000
Assessed 2023
Previous assessed
$538,000
+0.0% YoY
Effective rate
0.72%
On assessed value
Assessed land
$198,000
Assessed improvement
$340,000
Land market value
$198,000
Improvement market value
$340,000
Total market value
$538,000
Applied tax rate
20.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2021
Construction
STEEL FRAME
Heating
CENTRAL
Buildings
1
Stories
1
Rooms
7
Bathrooms
2
Total area
4,534 SF
Lot
0.54 ac (23,380 SF)
Zoning code
CC
APN
292/01617-003-002
UPID
US25-0077531
Jurisdiction
POLK
Zoning & alternative use
CC · Windsor Heights, IAZoning CC · permitted uses
CC · Windsor Heights, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · 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 in the O District.
Zone name
Community Commercial District
General category
COMMERCIAL
Zone area
148.08 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$525,000
AUTO REPAIR, GARAGE
Est. value
$780,000
MEDICAL BUILDING
Est. value
$755,000
COMMERCIAL (GENERAL)
Est. value
$465,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
2021
Construction
STEEL FRAME
Heating
CENTRAL
Stories
1
Buildings
1
Rooms
7
Bathrooms
2
Lot
0.54 ac
Current owner
From public records · entity-resolved
Fireworks Leasing LLC
Entity
Free & Clear · 7 yrs held
Mailing address
1500 E 27TH TER, PITTSBURG, KS 66762-2757
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2019
—
Fireworks Leasing LLC
—
Deed
related
$576,000 · Arvest Bank
Jul 23, 2019
—
Fireworks Leasing LLC
Community St Bk
Correction Deed
related
—
Jul 2, 2019
$250,000
Fireworks Leasing LLC
Community St Bk
Warranty Deed
—
Oct 7, 2008
—
Community State Bank NA
Colby Michael P Family Trust
Warranty Deed
—
Oct 7, 2008
$316,000
Community State Bank NA
Cac Investment Co Lc
Warranty Deed
—
Jan 3, 2007
—
Colby Charles I III Family
Colby Charles I JR Trust
Quit Claim Deed
related
—
—
—
Sherwood Forest Co
—
Deed Of Trust
related
$650,000 · West 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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