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    1408 Industrial Ave Hiawatha, IA 2386176

    Sponsored
    For Lease
    $7 SF/Yr ($7,437 /Mo)

    Modern flex warehouse, 2,349-7,115 SF available

    Lot size:
    11,900 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This newly constructed (2022) industrial property at 1408 Industrial Ave, Hiawatha, IA, offers 7,115 square feet of immediately available flex/warehouse space within a larger 11,900 square foot building situated on a 2.5-acre lot. The space is divisible to a minimum of 2,349 square feet and offers up to 7,115 contiguous square feet. The single-story building features five drive-in doors and a 200 AMP electrical panel. Landlord improvements include a unisex restroom, warehouse heater, LED lighting, and a 14' x 14' overhead door. Office build-out is available at a lease rate of $14.95 per square foot, NNN. The property is zoned I-2 and boasts a convenient location in Hiawatha, less than half a mile from the Boyson Road/I-380 interchange, providing excellent access to major transportation routes. The APN is 11294-77011-00000. This is a multi-tenant building.

    Property Features for 1408 Industrial Ave

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,900 SF
    Total Rate
    7437.5

    Building Details

    Year Built
    2022
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space
    Size
    7,115 SF
    Rate per SF
    $7

    HighLights

    • New construction (2022) flex/warehouse space.
    • 7,115 SF available, divisible to 2,349 SF.
    • Excellent location, less than 0.5 miles from I‑380 interchange in Hiawatha, IA.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Hiawatha
    County
    Linn
    State
    Iowa
    Longitude
    -91.679996945896
    Latitude
    42.051894631537

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    FAQs

    What type of property is this?
    Distribution property - Modern flex warehouse, 2,349-7,115 SF available
    Where is this distribution property located?
    The property is located at 1408 Industrial Ave Hiawatha, IA.
    What is the lease rate?
    The lease rate is $7 SF/Yr.
    What are key features of this property?
    This property features: New construction (2022) flex/warehouse space.; 7,115 SF available, divisible to 2,349 SF.; Excellent location, less than 0.5 miles from I-380 interchange in Hiawatha, IA.
    Request Owner's contact information
    1408 Industrial Ave Hiawatha, IA 2386176
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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
    1408 Industrial Ave Hiawatha, IA 2386176
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