1850 Boyson Rd Hiawatha, IA 52233
- Office Properties & Spaces
- 21,000 SF
- 2.88 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 1850 Boyson Rd
- Year built
- 1996
- Lot size
- 2.88 lot acres
- Property size
- 21,000 SF
- Property type
- Office Properties & Spaces
- APN
- 11-31-1-77-003-0-0000
- APU
- 113117700300000
Description
This exceptional 2,400 square foot single-tenant office building is ideally situated in Hiawatha, Iowa, at 1850 BOISON Road, ZIP code 52233. The property, identified by APN 11311-77003-00000, is zoned C-4 and offers a convenient single-suite occupancy. The building itself is well-maintained and presents a fantastic opportunity for a business seeking a comfortable and functional workspace. Ample off-street parking is available, providing convenient access for employees and clients. Its strategic location offers easy access to Interstate 380, enhancing its appeal for businesses requiring convenient highway access. The property is available for occupancy beginning August 1st, 2024. This is a single-building property with one suite, making it an ideal solution for a business seeking a self-contained office space. The property's location in Hiawatha, Iowa, provides access to a thriving local community and its amenities. This is a rare opportunity to acquire a well-located, well-maintained office building in a desirable market. Serious inquiries are encouraged.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,770,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,025,000
- 6.5%
- $1,815,000
- 7%
- $2,045,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,875,000
- Geo Method
- $1,810,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,635,000
- Retail
- $2,105,000
- Mixed-Use
- $2,150,000
- Hospitality
- $1,855,000
- Educational
- $1,820,000
- Residential Income
- $2,185,000
- Energy
- $2,160,000
- Income-Based Land
- $2,200,000
- Food Service
- $2,140,000
Location Insight
- Map
- Local Demand
- City
- Hiawatha
- County
- Linn
- State
- Iowa
- Longitude
- -91.6981
- Latitude
- 42.0449
- CBSA code
- 16300
- CBSA name
- CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA