Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    15 Kacena Rd Hiawatha, IA 52233

    Sponsored
    For Sale
    $428,304

    Commercial Lot - Hiawatha, IA

    Lot size:
    2.07 Acres
    Days on Market:
    3
    Last Refresh:
    Feb 4 at 9:06 pm

    Property Features for 15 Kacena Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    11293-76006-00000 - New parcel
    Lot size
    2.07 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Molly Iversen

    Coldwell Banker Hedges (319) 367-8760

    Listing agent Molly Iversen (319) 378-8760

    Listing date Feb 2, 2026

    MLS# 2600763 Listing URL

    Copyright © 2026 Cedar Rapids Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Hiawatha Commercial Lot For Sale

    This 2.07-acre commercial lot is located in Hiawatha, near N Center Point Road and Tower Terrace Road. It is situated in Sherman Square and is approximately 0.75 miles from the I-380/Tower Terrace interchange. The property is zoned C-4 and offers development opportunities with access from either Kacena or Anchor Roads. There are no restrictive covenants, allowing developments to be tailored to current business needs and future expansion, while aligning with developer goals and City standards. Utilities available to the site include city sewer and water, natural gas, Alliant electric service, and high-speed internet via ImOn. Each lot must include on-site stormwater detention via individual detention basins. The property is development-ready.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hiawatha
    County
    Linn
    State
    Iowa
    Longitude
    -91.680346
    Latitude
    42.05356

    Nearby Similar for Sale

    • $1,100,000
      8,448 SF

      Versatile Industrial Warehouse with Office Space

      8,448 SF Hiawatha warehouse suitable for manufacturing, distribution, or storage.
      2700 Stonegate Ct, Hiawatha, IA 52233
      View Details
    • $245,000
      3,100 SF

      Hiawatha Fourplex: Investor Opportunity

      Fully occupied fourplex in Hiawatha generating steady rental income.
      780 Ryan Ave, Hiawatha, IA 52233
      View Details
    • $2,150,000

      Hiawatha Flex Industrial Office Space

      Flex industrial office space, convertible, accessible from I-380.
      929 Marthas Way, Hiawatha, IA 52233
      View Details
    • $290,000
      2,685 SF

      Spacious Ranch Condo with Open Layout

      Three-bedroom, three-bath ranch condo with open layout and wooded views.
      1816 Emmy Ln, Hiawatha, IA 52233
      View Details
    • $2,335,000
      20,295 SF

      Hiawatha Flex Industrial Office Space

      Flex industrial office space in Hiawatha, easily accessible from I-380.
      921-929 Marthas Way, Hiawatha, IA 52233
      View Details
    • $7,950,000
      73,674 SF

      Hiawatha Office Building with Amenities

      Hiawatha office building featuring high-end amenities and ample parking.
      1 Parsons Dr, Hiawatha, IA 52233
      View Details
    • Contact for pricing
      6.19 Acres

      Hiawatha Office Building, 6 Acres

      Spacious office building on large lot. Ideal for expansion.
      1641 Boyson Square Dr, Hiawatha, IA 52233
      View Details
    • Contact for pricing
      3.46 Acres

      Hiawatha Commercial Land Opportunity

      3.46 Acres, Prime Commercial Location
      1950 Blairs Ferry Rd, Hiawatha, IA 52233
      View Details
    • Contact for pricing
      4.94 Acres

      Hiawatha Industrial Land - 4.94 Acres

      Prime Hiawatha industrial land, ready for development.
      1729 Hawkeye Dr, Hiawatha, IA 52233
      View Details
    • Contact for pricing
      8.22 Acres

      Hiawatha Industrial Property - 8 Acres

      Large industrial lot, ideal for development. Prime Hiawatha location.
      1760 Robins Rd, Hiawatha, IA 52233
      View Details
    • Contact for pricing
      1.24 Acres

      Hiawatha Industrial Land Opportunity

      1.24 Acres, Prime Industrial Site
      1465 Sherman Rd, Hiawatha, IA 52233
      View Details
    • Contact for pricing
      6.19 Acres

      Hiawatha Office Building, 6 Acres

      Prime Hiawatha office space, ample land.
      1661 Boyson Square Dr, Hiawatha, IA 52233
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.07 acre commercial lot in Hiawatha, Iowa.
    Where is this commercial land located?
    The property is located at 15 Kacena Rd Hiawatha, IA.
    What is the asking price?
    The asking price for this property is $428,304.
    What are key features of this property?
    This property features: - 2.07 acres of development-ready commercial land.; - Located near N Center Point Road and Tower Terrace Road, 0.75 miles from I-380 interchange.; - No restrictive covenants, allowing tailored development.
    (319) 378-8760
    Request Owner's contact information
    15 Kacena Rd Hiawatha, IA 52233
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    15 Kacena Rd
    Hiawatha, IA 52233
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    15 Kacena Rd Hiawatha, IA 52233
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Molly Iversen
    (319) 378-8760
    Learn more
    Google sign-in failed. Please try again or use another login method.