0 Hiawatha Rd Cedar Falls, IA 50613
This exceptional 46.25-acre parcel in Cedar Falls, Iowa, presents a remarkable investment opportunity. Currently zoned R-1 & A-1, this shovel-ready subdivision is fully approved and poised for immediate development. Phase I is meticulously planned with 33 residential lots encompassing 15.15 acres, leaving an additional 31+ acres for future expansion, providing significant long-term growth potential. The property's strategic location is ideally positioned to benefit from proposed Tax Increment Financing (TIF) funds currently under consideration by the City Council. This development is perfectly suited for local builders seeking expansion opportunities or out-of-town developers looking to enter the thriving Cedar Falls market. All necessary approvals are in place, eliminating lengthy permitting processes and allowing for a swift commencement of construction. The existing infrastructure layout minimizes upfront costs and maximizes efficiency. Located on Hiawatha Rd, Cedar Falls, IA 50613, in Black Hawk County, this property offers unparalleled convenience and accessibility. This is a truly turnkey project ready for immediate development, promising substantial returns for the discerning investor. The property's size and zoning provide flexibility for a variety of residential development options. Don't miss this golden opportunity to acquire a highly desirable and strategically located development site. The asking price is $2,135,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.