1420 Stamy RdHiawatha, IA 52233

Property Details for 1420 Stamy Rd

Year built

1998

Lot size

2.45 AC

Property size (Sq ft)

12,457 SF

Property type

Office properties

Property subtype

Other office properties

APN

11-29-4-52-011-0-0000

APU

112945201100000

Description

This single-tenant industrial property, located at 1420 Stamy Rd, Hiawatha, IA 52233, offers 12,457 square feet of versatile space. The building, constructed in 1998, sits on a 2.45-acre lot and is zoned I-2. It features a blend of office and warehouse space, ideal for a variety of businesses. Approximately 4,000 square feet are dedicated to climate-controlled office space, and another 4,000 square feet provide climate-controlled production area. The remaining 4,500 square feet comprise the warehouse area, equipped with one 9' x 10' dock-high door and two 12' x 10' drive-in doors. The property's ample lot size presents opportunities for future expansion. This exceptional property is available for sale or lease and is conveniently located near Sherman Rd (Cross Street). The building is a single-story structure with one building on the property. The property's APN is 11294-52011-00000. This is a fantastic opportunity for businesses seeking a functional and expandable industrial space in a prime Hiawatha location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,050,560

  6.5%

  $1,892,824

  7%

  $1,757,622

• Comparable approach

  Method

  Valuation

  Relative Method

  $635,805

  Geo Method

  $635,805

• Alternative Use

  Use

  Valuation

  Residential

  $2,347,102

  Hospitality

  $2,149,933

  Educational

  $1,788,719

  Medical

  $1,850,236

  Retail

  $2,782,452

Location Insight

City

Hiawatha

County

Linn

State

Iowa

Latitude

42.0529

Longitude

-91.6842

CBSA code

16300

CBSA name

CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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