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

    2112 Robins Rd Hiawatha, IA 52233

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

    New construction warehouse/flex building for lease with flexible space.

    Type:Industrial
    Property size:
    30,872 SF
    Added:
    Jun 22, 2023
    Days on Market:
    1024
    Last Refresh:
    Mar 17 at 1:19 pm

    Property Features for 2112 Robins Rd

    General Information

    Standard status
    Active
    Size
    30,872 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    2023

    Spaces For Lease

    at 2112 Robins Rd Contact us

    Single Bay $7 /Mo

    Size
    6,969 SF
    Type
    Industrial
    Contact us

    Multiple Bays $7 /Mo

    Size
    30,872 SF
    Type
    Industrial
    Contact us

    We can help!

    Listing Contact
    Michael Gibbs

    Listing agent Michael Gibbs License #S66802000

    Listing office GLD Commercial Real Estate Advisors

    Listing date Jun 22, 2023

    Source Crexi

    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 GLD Commercial Real Estate Advisors

    Overview

    New Construction Warehouse/Flex Space

    This new construction warehouse/flex building is available for lease. It features an ESFR sprinkler system, 25' sidewall height, LED lighting, 3-phase power, and warehouse heat. The property offers a combination of docks and overhead doors. Warehouse lease rate is $7.95/SF NNN for a single bay and $7.50/SF NNN for two or more bays, and $14.95/SF for office/showroom. The owner is willing to amortize additional tenant-required improvements over the term of the lease. Available space ranges from 6,969 to 30,872 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Hiawatha
    County
    Linn
    State
    Iowa
    Longitude
    -91.6733315
    Latitude
    42.0556951

    Nearby Similar for Lease

    • Contact for pricing

      Hiawatha Office and Warehouse Space

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

      Hiawatha Contractor Bay For Lease

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

      Hiawatha Medical Office Suites

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

      Industrial Facility with Crane Systems

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

      Hiawatha Office Suite For Rent

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

      Hiawatha Warehouse with Overhead Doors

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

      Hiawatha Flex Space with Storage

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

      Move-in Ready Hiawatha Office Space

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

      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
    • $12/mo

      Hiawatha Office Building For Lease

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

      Hiawatha Office Park Space

      Office space for rent in Hiawatha near I-380.
      1450 Boyson Rd, Hiawatha, IA 52402
      View Details

    FAQs

    What type of property is this?
    Flex space - New construction warehouse/flex building for lease with flexible space.
    Where is this flex space located?
    The property is located at 2112 Robins Rd Hiawatha, IA.
    What are key features of this property?
    This property features: New Construction (Built in 2023); Flexible Space: **6,969 - 30,872 SF Available**; ESFR Sprinkler System
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Michael Gibbs
    Real Estate License ID: S66802000
    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!