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Property profile & analytics
FOR SALE
Retail space
1065 N Center Point Rd Hiawatha, IA 52233
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US25-0260732
For Sale
1 / 3
$1,625,000
1065 N Center Point Rd, Hiawatha, IA 52233
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2005
Total area
7,595 SF
Lot
0.63 ac (27,443 SF)
APN
11-32-1-26-011-0-0000
UPID
US25-0260732
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
Current use
Occupant on record · Public records
-
105.7 KOKZ - Iowa's Classic Hits Radio Station Telecommunications Service
-
105-7 KOKZ Radio Station Telecommunications Service
-
Rock 108 | KFMW Radio Station Telecommunications Service
-
First Construction Company Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.11M
Comparable Approach
Comparable
$933k
Blend (final)
Blend
$940k
Owner & transaction history
520 Prop LLC · 9 yrs held
520 Prop LLC
since 2017
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$860,000
+40.7%
Auto repair, garage
$810,000
+32.6%
Neighborhood: shopping center
$780,000
+27.6%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,195,000
6.5%
$1,105,000
7%
$1,025,000
Alternative Use
Use
Estimation
RETAIL STORES
$610,000
Current use
RESTAURANT
$860,000
Change: +41% · Conversion: Easy
AUTO REPAIR, GARAGE
$810,000
Change: +33% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$780,000
Change: +28% · Conversion: Moderate
MEDICAL BUILDING
$760,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$600,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$940k
Range $846k – $1.03M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$124 / SF
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
$31,734
Tax year 2022
Assessed value
$1,148,300
Assessed 2023
Previous assessed
$1,009,300
+13.8% YoY
Effective rate
2.76%
On assessed value
Assessed land
$245,700
Assessed improvement
$902,600
Land market value
$245,700
Improvement market value
$902,600
Total market value
$1,148,300
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
2005
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
2
Total area
7,595 SF
Lot
0.63 ac (27,443 SF)
APN
11-32-1-26-011-0-0000
UPID
US25-0260732
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
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$610,000
RESTAURANT
Est. value
$860,000
AUTO REPAIR, GARAGE
Est. value
$810,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$780,000
MEDICAL BUILDING
Est. value
$760,000
OFFICE BUILDING
Est. value
$600,000
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2005
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.63 ac
Current owner
From public records · entity-resolved
520 Prop LLC
Entity
Mailing address
417 1ST AVE SE, CEDAR RAPIDS, IA 52401-1309
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 23, 2017
$1,350,000
520 Prop LLC
Jbs Holdings LLC
Warranty Deed
$1,350,000 · University Of Ia Cmnty Cu
Apr 13, 2017
—
Jbs Holdings LLC
—
Deed
related
$1,300,000 · Farmers & Merchants Svgs Bk
Dec 2, 2016
—
Jbs Holdings LLC
—
Deed
related
$195,000 · O'brien-neal Properties LLC
Jun 2, 2014
$1,095,000
Jbs Holdings LLC
Obrien-neal Properties LLC
Warranty Deed
related
$847,500 · Farmers & Merchants Svgs Bk
—
—
Jbs Holdings LLC
—
Deed Of Trust
related
$195,000 · O'brien-neal Properties LLC
—
—
Jbs Holdings LLC
—
Loan Modification
related
$1,300,000 · Farmers & Merchants Svgs Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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