Versatile Industrial Warehouse with
For Sale
$999,950
2700 Stonegate Court, Hiawatha, IA 52233
8,448 SF industrial warehouse suitable for various commercial uses.
Property Size8,448 SF
Price / SF$118.37
Days on Market325
Property Features for 2700 Stonegate Court
General Information
Standard status
Active
Size
8,448 SF
Property subtype
Commercial
Lease Term
[]
Building Details
Year Built
2008
Listing Agency:
Realty87
Listed By:
Laurdyn DeNeve-Meyer · License #S72383000
(319) 693-0072
Source:
Cbhrealty
Added: Oct 15, 2025
Changed: Sep 3
Last Checked: Sep 4 at 9:59AM
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 Realty87
Investment Insights
Based on property information with market context.
This 8,448 SF industrial warehouse is suitable for manufacturing, distribution, storage, or a wide range of commercial uses. The property features concrete construction and approximately 22' ceilings. It includes (3) 14 x 14/16 insulated overhead doors and (1) 7x14 insulated overhead door, along with 5 entry service doors, a floor drain, and air compressor hose stations. Electrical capacity includes 110 and 220 AMP service. The property contains one premium office space on the main level, equipped with high-efficiency vinyl windows and an attached kitchenette. The second level includes additional office spaces/loft. There are 3 total bathroom areas, including 2 that are handicap accessible. The property provides ample parking and storage spaces, paved in the front, side, and back of the building. The property is conveniently located near Cedar Rapids, Hiawatha, and Robins, with proximity to both Boyson Road and Center Point Road.
Key Highlights
- 8,448 SF Industrial Warehouse suitable for various uses.
- High ceilings (approximately 22') and multiple insulated overhead doors (three 14x14/16 and one 7x14).
- Convenient location close to Cedar Rapids, Hiawatha, and Robins.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$49,833
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$996,660
$996.7K
Cap Rate 7%
$711,900
$711.9K
Cap Rate 9%
$553,700
$553.7K
Market Conditions
NOI Build-Up for 8,448 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$62.2K $7.36/SF
− Vacancy
−$3.6K −$0.42/SF
EGI
$58.6K $6.94/SF
− OpEx
−$8.8K −$1.04/SF
NOI
$49.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$996,660
Cap Rate 7%
$711,900
Cap Rate 9%
$553,700
Alternative Uses
Best Use
Warehouse
$711.9K
$622.9K – $830.6K
NOI $49,833 @ 7.0% cap · market cap 4.98%
Second Best
Industrial
$586.3K
$513.0K – $684.0K
NOI $41,039 @ 7.0% cap · market cap 4.10%
Theoretical Best
Self Storage
$1.42M
$1.24M – $1.66M
NOI $99,526 @ 7.0% cap · market cap 9.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
137
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
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Quick N Easy Self Storage — 1450 Robins Rd, Hiawatha, IA 52233
Frequently Asked Questions
What type of property is this?
Warehouse - 8,448 SF industrial warehouse suitable for various commercial uses.
Where is this warehouse located?
The property is located at 2700 Stonegate Court Hiawatha, IA.
What is the asking price?
The asking price for this property is $999,950.
What are key features of this property?
This property features: 8,448 SF Industrial Warehouse suitable for various uses.; High ceilings (approximately 22') and **multiple insulated overhead doors** (three 14x14/16 and one 7x14).; Convenient location close to Cedar Rapids, Hiawatha, and Robins.
