Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1450 N Center Point Rd Hiawatha, IA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office space for rent in Hiawatha, Iowa.

    Type:OFFICE
    Property size:
    40,000 SF
    Lot size:
    7.01 Acres
    Added:
    Sep 15, 2021
    Days on Market:
    1689
    Last Refresh:
    Apr 5 at 8:09 pm

    Property Features for 1450 N Center Point Rd

    General Information

    Standard status
    Active
    Size
    40,000 SF
    Lot size
    7.01 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 1450 N Center Point Rd Contact us

    We can help!

    Listing Contact
    Josh Seamans
    Josh Seamans

    Listing agent Josh Seamans

    Listing office Cushman & Wakefield

    Listing date Sep 15, 2021

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield

    Overview

    Hiawatha Office Space Available

    Office space is available for lease in Hiawatha, Iowa. The lease rate includes furniture. Approximately 380 parking stalls are available. The property is easily accessible from I-380. Nearby businesses include Stillwater Coffee Company, Ketelsen RV, Fisher Group, Culver's, Tomaso's Pizza, First Federal Credit Union, UnityPoint, and McGrath Auto. The property has a size of 40000 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Windstream Telecommunications Service

    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
    -91.6919
    Latitude
    42.053

    Nearby Similar for Lease

    • $4,205/Mo

      Hiawatha Office and Warehouse Space

      Office and warehouse space in a convenient Hiawatha location.
      2050 Boyson Rd, Hiawatha, IA 52233
      View Details
    • $7 SF/Yr

      Hiawatha Contractor Bay For Lease

      4,674 SF commercial contractor bay available for lease.
      1770 Robins Rd, Hiawatha, IA
      View Details
    • $12 SF/Yr

      Hiawatha Medical Office Suites

      Medical office suites in Hiawatha with easy access.
      754 - 762 North Center Point Road, Hiawatha, IA 52233
      View Details
    • $6 SF/Yr

      Industrial Facility with Crane Systems

      Hiawatha industrial facility featuring crane systems and outside storage.
      1265 Hawkeye Dr, Hiawatha, IA 52233
      View Details
    • $14 SF/Yr

      Hiawatha Office Suite For Rent

      Affordable office suite in Hiawatha with functional layout.
      900 Kacena Rd, Hiawatha, IA
      View Details
    • $7 SF/Yr

      Hiawatha Warehouse with Overhead Doors

      Stand-alone warehouse with multiple doors, offices, and parking.
      1465 Sherman Rd, Hiawatha, IA 52233
      View Details
    • $10 SF/Yr

      Hiawatha Flex Space with Storage

      Flex space with secured outdoor storage near I-380.
      1525 Ketelsen Dr, Hiawatha, IA
      View Details
    • $11 SF/Yr

      Move-in Ready Hiawatha Office Space

      Sublease office space with furniture included, convenient Hiawatha location.
      1501 Boyson Square Dr, Hiawatha, IA
      View Details
    • $6 SF/Yr

      Warehouse Space Near I-380

      Warehouse space for lease with easy access to I-380.
      1325-1331 Stamy Rd, Hiawatha, IA
      View Details
    • Contact for pricing

      Move-In Ready Hiawatha Office Space

      Sublease office space with furniture included, convenient Hiawatha location.
      1501 Boyson Square Dr, Hiawatha, IA 52233
      View Details
    • Contact for pricing

      New Construction Warehouse/Flex Space

      New construction warehouse/flex building for lease with flexible space.
      2112 Robins Rd, Hiawatha, IA 52233
      View Details
    • $12 SF/Yr

      Hiawatha Office Building For Lease

      Office building for lease in Hiawatha's premier office park.
      1125 Dina Ct, Hiawatha, IA
      View Details

    FAQs

    What type of property is this?
    Office units - Office space for rent in Hiawatha, Iowa.
    Where is this office units located?
    The property is located at 1450 N Center Point Rd Hiawatha, IA.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: Office space available in Hiawatha, IA; Easily accessible from I‑380; Approximately 380 parking stalls
    (319) 213-4884 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Josh Seamans
    Josh Seamans
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!