Flex Space with Overhead
1110 Hawkeye Drive, Hiawatha, IA 52233
For Sale
$300,000
Commercial, Hiawatha, IA
Property Size4,332 SF
Lot Size0.55 Acres
Price / SF$69.25
Days on Market165
Property Features for 1110 Hawkeye Drive
General Information
Property type
Property subtype
Zoning
Directions
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Building Details
Year built
Flooring type
Building materials
Roof type
Listing Agency:
GRAF REAL ESTATE, ERA POWERED · ERA Real Estate
(319) 826-1861
Listed By:
Doug Junge
(319) 981-3702
Added: Jun 1
Changed: Oct 17
Last Checked: Nov 12 at 6:06AM
MLS# 2603836
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex property includes 4,332 square feet on a 0.551-acre parcel, with a shop component offering up to 3,072 square feet. The building includes a restroom, heat, concrete flooring, and four 12-foot overhead doors. Connected office space is also associated with the property.
Built in 2003, the structure uses pole construction and has a metal roof. COM zoning applies to the Hiawatha property.
Built in 2003, the structure uses pole construction and has a metal roof. COM zoning applies to the Hiawatha property.
Key Highlights
- Up to 3,072SF of shop space
- Four 12' overhead doors
- Heated shop area with restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,554
Cap Rate
8.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$511,080
$511.1K
Cap Rate 7%
$365,057
$365.1K
Cap Rate 9%
$283,933
$283.9K
Market Conditions
NOI Build-Up for 4,332 SF
Gross rent
$31.9K $7.36/SF
− Vacancy
−$1.8K −$0.42/SF
EGI
$30.1K $6.94/SF
− OpEx
−$4.5K −$1.04/SF
NOI
$25.6K $5.90/SF
Area
Linn County, IA
Vacancy
5.71%
Lease Rate
$7.36 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$511,080
Cap Rate 7%
$365,057
Cap Rate 9%
$283,933
Alternative Uses
Best Use
Warehouse
$365.1K
$319.4K – $425.9K
NOI $25,554 @ 7.0% cap · market cap 8.52%
Second Best
Industrial
$300.6K
$263.1K – $350.7K
NOI $21,044 @ 7.0% cap · market cap 7.01%
Theoretical Best
Self Storage
$729.1K
$637.9K – $850.6K
NOI $51,035 @ 7.0% cap · market cap 17.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
589
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 52233, IA
7,091
Population
3,123
Households
2.3
Avg Household Size
39
Median Age
31%
College-Educated
97%
High-School Grad
3.9 sq mi
ZIP Area
1,818
Density / Sq Mi
$66,497
Median Household Income
$44,111
Median Earnings
$846
Median Rent
$200,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Flex space in Linn County, IA
Properties on Market for Flex space in Linn County
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Shop-focused flex property with heated space, restroom access, and connected office area.
Where is this flex space located?
The property is located at 1110 Hawkeye Drive Hiawatha, IA.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Up to 3,072SF of shop space; Four 12' overhead doors; Heated shop area with restroom
