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Property profile & analytics
OFF-MARKET
Commercial real estate
1011 Kacena Rd Hiawatha, IA 52233
Entity Owned
2-yr Hold
Free & Clear
Property ID
US25-2533618
Property summary
AI-generated overview
This exceptional 1.63-acre commercial lot is offered for sale at $340,000. Located in Hiawatha, Iowa (Linn County, zip code 52233), this property boasts a desirable C-4 zoning designation. The parcel is situated on a corner lot offering a scenic pond view and convenient access to I-380, making it ideal for a variety of commercial developments. Its prime location within the Cedar Rapids Metro Area places it near established businesses, including a pet hospital, dental center, and a dental implant and oral surgery center. The property's proximity to local amenities such as coffee shops and restaurants further enhances its appeal. The APN is 112945301200000. This is a rare opportunity to acquire a well-situated commercial lot with significant development potential in a thriving area. The address is 1011 Kacena Road. Serious inquiries only.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
1.63 ac (71,003 SF)
APN
11-29-4-53-012-0-0000
UPID
US25-2533618
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mwr Properties LLC · 2 yrs held
Mwr Properties LLC
since 2024
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Hiawatha submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hiawatha submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$5,696
Tax year 2022
Assessed value
$302,900
Assessed 2023
Previous assessed
$302,900
+0.0% YoY
Effective rate
1.88%
On assessed value
Assessed land
$302,900
Land market value
$302,900
Total market value
$302,900
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Lot
1.63 ac (71,003 SF)
APN
11-29-4-53-012-0-0000
UPID
US25-2533618
Jurisdiction
LINN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Lot
1.63 ac
Current owner
From public records · entity-resolved
Mwr Properties LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1811 BOYSON RD STE A, HIAWATHA, IA 52233-1386
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 17, 2024
—
Mwr Properties LLC
Murray Wilson & Rose Counseling And
Warranty Deed
—
Jan 17, 2024
—
Mwr Properties LLC
—
Deed
related
$150,523 · Greenstate Cu
Dec 22, 2021
$258,500
Murray Wilson & Rose Counseling & B
Sherman Properties LLC
Warranty Deed
$150,523 · Greenstate Cu
Dec 22, 2021
—
Murray Wilson & Rose Conseling & Be
Christopher T Sherman
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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