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    8401 Hickman Rd Urbandale, IA 50322

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    8401 Hickman Rd Urbandale, IA 50322

    View on Map
    • Strip malls
    • 28,426 SF
    • 3.50 lot acres
    For Lease
    $10 SF/Yr
    View Listing →
    High-Traffic Urbandale Retail Center For Lease
    $10 SF/Yr
    57,546 SF

    High-Traffic Urbandale Retail Center

    Retail spaces available in high-traffic Urbandale neighborhood center.

    8401 Hickman Road, Urbandale, IA 50322
    View Listing
    Property ID
    US25-0085495
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Strip malls

    Property Details for 8401 Hickman Rd

    Year built
    1988
    Construction
    STEEL FRAME
    Lot size
    3.50 lot acres
    Property size
    28,426 SF
    Zone code
    PUD
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    312/00612-608-000
    APU
    31200612608000

    Description

    Invest in this prime Urbandale, Iowa retail property, Cobblestone Marketplace, located at 8401 Hickman Rd, zip code 50322. This 57,546 square foot strip center offers multiple suites, with 20,430 square feet currently vacant. Individual spaces range from a minimum of 2,237 square feet to a maximum contiguous space of 7,093 square feet, providing flexibility for various retail businesses. The property boasts ample parking to accommodate customers and employees. The center enjoys a strong tenant mix, including established local and national businesses such as Coin Laundry, Scornovacca's, Great Clips, Tasty Taco, State Farm Insurance, American Family Insurance, NuCara Home Medical, Red King Tattoo, HearingLife, and Image360. Recently, a significant addition to the center's tenant roster is Crunch Fitness, occupying 50,000 square feet. This thriving location in Polk County, Iowa, presents a compelling investment opportunity within a high-traffic neighborhood. The property's diverse tenant base and strategic location contribute to its strong potential for future growth and profitability. Contact us today to learn more about this exceptional retail investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $644,000
      Market price range: $573k - $1.59M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Urbandale
    County
    Polk
    State
    Iowa
    Longitude
    -93.7341
    Latitude
    41.6156
    CBSA code
    19780
    CBSA name
    DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $50,062
    $1,600,000
    $460,000
    $2,060,000
    -
    $1,600,000
    $460,000
    $2,060,000

    Comparable in this City

    • Value Estimation by Request
      10,080 SF

      6401 Douglas Ave

      SHOPPING CENTER, STRIP CENTER • 10,080 SF
      6401 Douglas Ave, Urbandale, IA 50322-3350
      View Details
    • Value Estimation by Request
      7,500 SF

      8801 Hickman Rd

      SHOPPING CENTER, STRIP CENTER • 7,500 SF
      8801 Hickman Rd, Urbandale, IA 50322-5302
      View Details
    • Value Estimation
      $1,225,000
      12,864 SF

      7020 Douglas Ave

      SHOPPING CENTER, STRIP CENTER • 12,864 SF
      7020 Douglas Ave, Urbandale, IA 50322-3261
      View Details
    • Value Estimation
      $900,000
      9,460 SF

      5824 Douglas Ave

      SHOPPING CENTER, STRIP CENTER • 9,460 SF
      5824 Douglas Ave, Des Moines, IA 50322-3302
      View Details
    • Value Estimation
      $690,000
      16,000 SF

      Urbandale, IA 50322

      SHOPPING CENTER, STRIP CENTER • 16,000 SF
      Urbandale, IA 50322
      View Details
    • Value Estimation
      $2,910,000
      23,390 SF

      11101 Plum Dr

      SHOPPING CENTER, STRIP CENTER • 23,390 SF
      11101 Plum Dr, Urbandale, IA 50322-6333
      View Details

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      Retail Building in Urbandale Area

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      Renovated Office Space on Hickman

      Modern office space for sale in Urbandale, Iowa.
      7177 Hickman Rd, Urbandale, IA 50322
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Sublease in Urbandale Center

      High-traffic retail sublease opportunity in Urbandale's Cobblestone Marketplace.
      8405 Hickman Rd, Urbandale, IA 50322
      View Details
    • Contact for pricing
      1,000 SF

      Retail Space in Urbandale Corridor

      Retail spaces available in high-traffic Urbandale location.
      8000-8056 Douglas Ave, Urbandale, IA 50322
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      1,000 SF

      Retail and Office Spaces Available

      Retail and office spaces for lease in Urbandale, Iowa.
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      3,000 SF

      Retail Space in Colby Woods

      Retail space for lease in Urbandale's desirable neighborhood corridor.
      8066-8080 Douglas Ave, Urbandale, IA 50322
      View Details
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      7,866 SF

      Retail/Office Center in Urbandale

      Multi-tenant retail/office center with high traffic and ample parking.
      7501-7611 Douglas Ave, Urbandale, IA 50322
      View Details
    • Contact for pricing
      1,388 SF

      Retail Space in Urbandale Center

      Retail spaces available in high-traffic Urbandale location.
      8104-8128 Douglas Ave, Urbandale, IA 50322
      View Details
    View Listing
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    Urbandale, IA 50322
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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