1 Parsons Dr Hiawatha, IA 52233-1448
Property profile & analytics
1 Parsons Dr Hiawatha, IA 52233-1448
- Office properties & Spaces
- 58,849 SF
- 5.74 lot acres
Property ID
US25-0269632
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- ATM / Atm / Convenience Store
- GoDaddy- Hiawatha / Data Center / IT Consulting Firm
Property Details for 1 Parsons Dr
- Year built
- 1991
- Lot size
- 5.74 lot acres
- Property size
- 58,849 SF
- Property type
- Office properties & Spaces
- APN
- 11-33-3-27-005-0-0000
- APU
- 113332700500000
Description
This exceptional 73,674 square foot Class B office building, located at 1 Parsons Drive in Hiawatha, IA (a northern suburb of Cedar Rapids), presents a unique owner/user opportunity. The property, built in 1991 and extensively renovated in 2017, features four units across two stories within a single building situated on a 5.74-acre lot. The building boasts high-end amenities including a kitchenette (speakeasy bar), training rooms, a fitness facility, entertainment areas, and a full-service cafeteria. With ample parking (400+ spaces) and convenient access to I-380, this property is ideally suited for a variety of office uses, including executive, medical, and traditional office spaces. The asking price is $7,950,000, translating to $107.91 per square foot. The property is currently vacant and zoned for commercial use. The Net Net Net (NNN) lease structure offers flexibility for the new owner. The property's features and location make it an attractive investment opportunity. The Linn County location and 52233 zip code provide easy access to a strong workforce and regional amenities.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,100,000
- ML approach
- $3,100,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,959,000
- AI Estimate
- $3,873,000
Market price range: $1.96M - $5.44MMarket price range: $1.83M - $5.37M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $3,720,000 Current use
- RETAIL STORES
- $4,735,000 Change: +27% Conversion: Easy
- OFFICE BUILDING
- $4,660,000 Change: +25% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $3,600,000 Change: -3% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Hiawatha
- County
- Linn
- State
- Iowa
- Longitude
- -91.6744
- Latitude
- 42.0411
- CBSA code
- 16300
- CBSA name
- CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$197,786
$893,100
$5,046,400
$5,939,500
-
$893,100
$5,046,400
$5,939,500
