Property profile

8305 Hickman Rd Urbandale, IA 50322

OFF-MARKET
Retail properties & Spaces
Property ID
US25-0106332
5,356 SF 1.86 ac lot Built 2008
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Retail properties & Spaces
Use group SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built 2008
Construction STEEL FRAME
Total area 5,356 SF
Lot 1.86 ac (81,022 SF)
Zoning code PUD
APN 312/00612-632-202
UPID US25-0106332

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
  • Bank Loan Service
  • Auto Repair Shop

Location

8305 Hickman Rd Urbandale, IA 50322-4333
Urbandale metro Census 10411 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$615k
CAP Approach CAP
by Request
Comparable Approach Comparable
$556k
Blend (final) Blend
$640k

Owner & transaction history

since 2021
Last sale
$668,000
6 recorded transactions
2021
$668,000
2017
Price N/A
2012
$515,325
2012
$575,454
2007
Price N/A
1969
Price N/A

Zoning & alternative use

PUD · Urbandale, IA
Zoning description

T. § 160.21 “FW” FLOODWAY (OVERLAY) DISTRICT. § 160.22 “FF” FLOODWAY FRINGE (OVERLAY) DISTRICT. § 160.22.1 “GF” GENERAL FLOODPLAIN (OVERLAY) DISTRICT. § 160.23 ADMINISTRATION OF FLOODPLAIN MANAGEMENT DISTRICT. § 160.24 “…

General category PLANNED_DEVELOPMENT
Top alternative use upside
Auto repair, garage $920,000 +116.3%
Medical building $890,000 +109.1%
Restaurant $825,000 +93.9%

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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