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    1 Parsons Dr Hiawatha, IA 52233

    For Sale
    $7,950,000

    Hiawatha office building featuring high-end amenities and ample parking.

    Property size:
    73,674 SF
    Lot size:
    7.34 Acres

    Property Features for 1 Parsons Dr

    General Information

    Size
    73,674 SF
    Lot size
    7.34 Acres

    Source: Cushman & Wakefield Agent Josh Seamans

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

    Overview

    Hiawatha Office Building with Amenities

    Located in Hiawatha, Iowa, a northern suburb of Cedar Rapids, this office building offers convenient access to I-380. Constructed in 1991 and updated in 2017, the 73,674-square-foot property includes high-end amenities such as a kitchenette (speakeasy bar), training rooms, a fitness facility, entertainment areas, and a full-service cafeteria. The property also features plentiful parking with over 400 parking stalls.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    ATM Atm GoDaddy- Hiawatha Web Hosting Company

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Hiawatha
    County
    Linn
    State
    Iowa
    Longitude
    -91.6744964
    Latitude
    42.0409532

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    FAQs

    What type of property is this?
    Office building - Hiawatha office building featuring high-end amenities and ample parking.
    Where is this office building located?
    The property is located at 1 Parsons Dr Hiawatha, IA.
    What is the asking price?
    The asking price for this property is $7,950,000.
    What are key features of this property?
    This property features: - High-end amenities including a kitchenette (speakeasy bar), training rooms, fitness facility, entertainment areas, and full-service cafeteria.; - Plentiful parking with 400 +/- parking stalls.; - Easily accessible from I-380.
    (319) 213-4884
    Request Owner's contact information
    1 Parsons Dr Hiawatha, IA 52233
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    Realmo Value Estimation

    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.

    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.

    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
    1 Parsons Dr Hiawatha, IA 52233
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