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Property profile & analytics
OFF-MARKET
Estimated value
$850,000
Office Spaces
1420 Stamy Rd, Hiawatha, IA 52233-1288
Entity Owned
1-yr Hold
Free & Clear
Property ID
US25-0805529
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1998
Total area
12,457 SF
Lot
2.45 ac (106,722 SF)
APN
11-29-4-52-011-0-0000
UPID
US25-0805529
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
-
Concurrent Management Solutions Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$850k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$744k
Blend (final)
Blend
$850k
Owner & transaction history
Rw Investments LLC · 1 yrs held
Rw Investments LLC
since 2024
Last sale
$850,000
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.4M
+79.1%
Auto repair, garage
$1.3M
+68.7%
Neighborhood: shopping center
$1.3M
+62.4%
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
$850,000
ML approach
$850,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$790,000
Current use
RESTAURANT
$1,410,000
Change: +79% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,330,000
Change: +69% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,280,000
Change: +62% · Conversion: Difficult
MEDICAL BUILDING
$1,245,000
Change: +58% · Conversion: Easy
RETAIL STORES
$1,000,000
Change: +27% · Conversion: Easy
OFFICE BUILDING
$985,000
Change: +25% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$760,000
Change: -3% · Conversion: Moderate
Blend value · Realmo final
$850k
Range $765k – $935k · ±10% · vs last sale $850k (Sep 4 2024)
Last sale anchor
$850k
Sep 4 2024
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
$68 / 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
$27,478
Tax year 2022
Assessed value
$1,116,700
Assessed 2023
Previous assessed
$1,116,700
+0.0% YoY
Effective rate
2.46%
On assessed value
Assessed land
$282,500
Assessed improvement
$834,200
Land market value
$282,500
Improvement market value
$834,200
Total market value
$1,116,700
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1998
Buildings
2
Total area
12,457 SF
Lot
2.45 ac (106,722 SF)
APN
11-29-4-52-011-0-0000
UPID
US25-0805529
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
COMMERCIAL (GENERAL) Current
Est. value
$790,000
RESTAURANT
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$1.0M
OFFICE BUILDING
Est. value
$985,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$760,000
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1998
Buildings
2
Lot
2.45 ac
Current owner
From public records · entity-resolved
Rw Investments LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1420 STAMY RD, HIAWATHA, IA 52233-1288
Mailing matches property
Yes
Owner-occupied
Yes
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 4, 2024
—
Rw Investments LLC
—
Deed
related
—
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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