Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Hiawatha Office Space For Rent Title is generated by Realmo AI

    810-820 N Compton Drive 820, Hiawatha, IA 52233

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

    Well-appointed office space in Hiawatha office park available for lease.

    Type:Rental
    Property size:
    9,584 SF
    Lot size:
    0.87 Acres
    Added:
    Jun 7, 2024
    Days on Market:
    715
    Last Refresh:
    May 20 at 1:57 am

    Property Features for 810-820 N Compton Drive 820

    General Information

    Standard status
    Active
    Size
    9,584 SF
    Lot size
    0.87 Acres
    Property subtype
    Rental

    Building Details

    Year Built
    1997

    We can help!

    Listing Contact
    Doug D Laird

    Listing agent Doug D Laird

    Listing office SKOGMAN REALTY COMMERCIAL

    Listing date Jun 7, 2024

    Source Exitrealty

    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 SKOGMAN REALTY COMMERCIAL

    HighLights

    • Convenient location near I‑380 Boyson Rd Exit
    • Ample off‑street parking
    • Proximity to numerous restaurants and shopping
    • Well‑appointed office space
    • Negotiable improvements with landlord's subcontractors
    • Total operating cost of $7.21/SF including utilities

    Overview

    Office space is available for rent in Hiawatha office park, situated near the I-380 Boyson Rd Exit. The brick building offers off-street parking and restrooms. Its location provides convenient access to numerous restaurants and shopping options. Improvements can be negotiated as part of the lease term, with the landlord's subcontractors completing the work. The total operating cost is $7.21 per square foot, which includes utilities at $1.84 per square foot and will be included in CAM. The property has a size of 9584 square feet.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon 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
    -91.6920347
    Latitude
    42.0455053

    Nearby Similar for Lease

    • $4,205/Mo
      3,545 SF

      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
      4,674 SF

      Hiawatha Contractor Bay For Lease

      4,674 SF commercial contractor bay available for lease.
      1770 Robins Rd, Hiawatha, IA
      View Details
    • $12 SF/Yr
      19,808 SF

      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
      11,600 SF

      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
      1,400 SF

      Hiawatha Office Suite For Rent

      Affordable office suite in Hiawatha with functional layout.
      900 Kacena Rd, Hiawatha, IA
      View Details
    • $10 SF/Yr
      14,364 SF

      Hiawatha Flex Space with Storage

      Flex space with secured outdoor storage near I-380.
      1525 Ketelsen Dr, Hiawatha, IA
      View Details
    • $7 SF/Yr
      12,600 SF

      Hiawatha Warehouse with Overhead Doors

      Stand-alone warehouse with multiple doors, offices, and parking.
      1465 Sherman Rd, Hiawatha, IA 52233
      View Details
    • $11 SF/Yr
      5,574 SF

      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
      5,333 SF

      Warehouse Space Near I-380

      Warehouse space for lease with easy access to I-380.
      1325-1331 Stamy Rd, 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 52233
      View Details
    • Contact for pricing
      30,872 SF

      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
      28,464 SF

      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 - Well-appointed office space in Hiawatha office park available for lease.
    Where is this office units located?
    The property is located at 810-820 N Compton Drive 820 Hiawatha, IA.
    What are key features of this property?
    This property features: Convenient location near I‑380 Boyson Rd Exit; Ample off‑street parking; Proximity to numerous restaurants and shopping
    (319) 360-8577
    We can help!
    Listing Contact
    Doug D Laird
    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

    Thank You for Inquiry
    810-820 N Compton Drive 820, Hiawatha, IA 52233
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!