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Property profile & analytics
FOR LEASE
Strip malls

8401 Hickman Rd Urbandale, IA 50322

28,426 SF 3.5 ac lot Built 1988
Individually Owned 12-yr Hold Free & Clear
Property ID
US25-0085495
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1988
Construction STEEL FRAME
Total area 28,426 SF
Lot 3.5 ac (152,591 SF)
Zoning code PUD
APN 312/00612-608-000
UPID US25-0085495
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
by Request
Comparable Approach Comparable
$645k
Blend (final) Blend
$880k
Owner & transaction history
Diane Schoenauer · 12 yrs held
Diane Schoenauer
since 2014
3 recorded transactions
2014
Price N/A
2014
$3.4M
1969
Price N/A
Zoning & alternative use
PUD · Urbandale, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 “P.U.D.” PLANNED UNIT DEVELOPMENT DISTRICT. § 160.25 GENERAL REGULATIONS FOR LAND AND STRUCTURES. § 160.26 GENERAL USE RESTRICTIONS AND RULES…

Zone name Planned Unit Development
General category PLANNED_DEVELOPMENT
Zone area 3,693.79 ac
Source CHAPTER 160: ZONING
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