7180 Hickman RdWindsor Heights, IA 50324

  • Medical offices
  • 3,280 SF
For Lease
$18/SF/YR View listing

Property Details for 7180 Hickman Rd

Year built
1976
Construction
FRAME
Lot size
0.88 AC
Property size (Sq ft)
3,280 SF
Zone code
CC
Property type
Medical offices
Property subtype
Medical centers
APN
292/01885-003-005
APU
29201885003005

Description

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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $571,877
    6.5%
    $527,887
    7%
    $490,181
  • Comparable approach

    Method
    Valuation
    Relative Method
    $167,411
    Geo Method
    $167,411
  • Alternative Use

    Use
    Valuation
    Residential
    $654,580
    Hospitality
    $599,591
    Educational
    $498,853
    Medical
    $516,009
    Retail
    $775,994

Location Insight

City
Windsor Heights
County
Polk
State
Iowa
Latitude
41.6142
Longitude
-93.7169
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
$11,114
$262,000
$224,000
$486,000
-
$262,000
$224,000
$486,000

FAQs

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