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Property profile & analytics
OFF-MARKET
Warehouses

1465 Sherman Rd Hiawatha, IA 52233-1245

12,600 SF 1.24 ac lot Built 1995
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US25-2490135
Property summary
AI-generated overview

This single-tenant industrial property, located at 1465 Sherman Rd, Hiawatha, IA 52233, offers 12,600 square feet of flexible warehouse space on a 1.24-acre lot. Built in 1995, the one-story building features eight 12-foot drive-in doors and two dock-high doors (without levelers). The interior includes a convenient floor drain running down the center, a wash bay with a separator pit, and approximately 900 square feet of heated and cooled space. Office space comprises two 12' x 14' rooms, and two unisex restrooms are available. The property is zoned I-2 and boasts 120/208V 3-phase electrical service and 14 on-site parking spaces. The entire 12,600 square feet is currently vacant and ready for immediate occupancy. This well-maintained building presents a unique opportunity for businesses seeking a versatile industrial space in a convenient Hiawatha location. The property's features make it suitable for a variety of uses, from light manufacturing and distribution to storage and flex space needs. The ample drive-in and dock-high doors ensure efficient loading and unloading, while the included office space provides a comfortable workspace. The property's location offers easy access to major transportation routes, making it an ideal choice for businesses needing convenient access to regional markets. The APN is 11294-77004-00000.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1995
Construction STEEL FRAME
Total area 12,600 SF
Lot 1.24 ac (54,014 SF)
APN 11-29-4-77-004-0-0000
UPID US25-2490135
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
Current use
Occupant on record · Public records
  • Brokaw Vending Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
1395 Stamy Road LLC · 7 yrs held
1395 Stamy Road LLC
since 2018
2 recorded transactions
2018
$2.1M
2008
$725,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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