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Property profile & analytics
FOR LEASE
Warehouses
1110 Hawkeye Dr Hiawatha, IA 52233
Individually Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0208492
For Lease
1 / 9
Contact for pricing
1110 Hawkeye Dr, Hiawatha, IA 52233
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Property summary
AI-generated overview
This single-tenant industrial property at 1110 Hawkeye Drive in Hiawatha, IA, offers 4,332 square feet of flexible space, ideal for a variety of businesses. Built in 2003, the building sits on a 0.551-acre lot and is zoned C-4. The property features a 1,260 square foot office area currently undergoing renovations, including new paint, trim, interior doors, three large offices, a lobby/reception area, break room, and restroom. The 3,072 square foot warehouse section includes two 10' x 10' overhead doors, a restroom, heater, and floor drain. Four drive-in doors provide convenient access. Ample shared parking is available. The entire 4,332 square foot building is available for lease. The property's APN is 11321-01013-00000. This is a one-story building.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2023
Total area
6,624 SF
Lot
0.55 ac (23,958 SF)
APN
11-32-1-01-013-0-0000
UPID
US25-0208492
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
Gregory J Reininga · 13 yrs held
Gregory J Reininga
since 2013
7 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 2023Property tax & assessments
Tax year 2023
Tax billed
$7,588
Tax year 2023
Assessed value
$296,300
Assessed 2024
Previous assessed
$296,300
+0.0% YoY
Effective rate
2.56%
On assessed value
Assessed land
$71,600
Assessed improvement
$224,700
Land market value
$71,600
Improvement market value
$224,700
Total market value
$296,300
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
2023
Heating
FORCED AIR
Cooling
YES
Buildings
3
Stories
1
Bathrooms
1
Total area
6,624 SF
Lot
0.55 ac (23,958 SF)
APN
11-32-1-01-013-0-0000
UPID
US25-0208492
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
Year built
2023
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Bathrooms
1
Lot
0.55 ac
Current owner
From public records · entity-resolved
Gregory J Reininga
Individual
Mailing address
6118 RPDS RDG RD NE, CEDAR RAPIDS, IA 52411-7921
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 2, 2022
—
Gregory J Reininga
—
Deed
related
$870,000 · Farmers & Merchants Bancorp Western Pa
Oct 12, 2018
—
Gregory J Reininga
—
Deed
related
$248,000 · Dupaco Cmnty Cu
May 24, 2013
—
Gregory J Reininga
Keune,chalise N
Quit Claim Deed
related
—
Apr 4, 2008
—
Gregory J Reininga
—
Trustees Deed
related
$75,000 · Cedar Rapids Bank & Trust Co
—
—
Gregory J Reininga
—
Loan Modification
related
$450,000 · Nxt Bk-marion
—
—
Gregory J Reininga
—
Deed Of Trust
related
$248,000 · Dupaco Cmnty Cu
—
—
Gregory J Reininga
—
Deed Of Trust
related
$302,000 · Cedar Rapids Bank & Trust Co
—
—
Gregory J Reininga
—
Deed Of Trust
related
$77,245 · Farmers State Bank
—
—
Gregory J Reininga
—
Deed Of Trust
related
$300,000 · City State Bank
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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