Property profile

1641 Boyson Sq Dr Hiawatha, IA 52233

OFF-MARKET
Office Spaces
Property ID
US25-0648312
12,636 SF 6.19 ac lot Built 2011
Entity Owned 13-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 3,040 square foot office space is available for lease in a vibrant mixed-use retail/office park in Hiawatha, Iowa. Located on the first floor of a two-story, Class B building constructed in 2011, this suite offers a modern and efficient layout, perfect for a variety of businesses. The property boasts a total of 12,636 square feet across three suites, with this particular suite offering the maximum contiguous space available. The building features one elevator for convenient access. Situated on a substantial 6.19-acre lot (269,636.4 square feet), the property provides ample parking and visibility. The location offers easy access to major roadways, including I-380, Center Point Road, Blairs Ferry Road, and Edgewood Road, ensuring convenient commutes for employees and clients. The property is zoned C-3, allowing for a range of commercial uses. The asking lease rate is $12.95 per square foot, NNN. This is a second-generation space, ready for immediate occupancy. The Linn County property (APN: 113232701701009) presents a unique opportunity to establish or expand your business in a thriving community. The minimum divisible space is 3,040 square feet.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 2011
Total area 12,636 SF
Lot 6.19 ac (269,636 SF)
APN 11-32-3-27-017-0-1009
UPID US25-0648312

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Real Estate Agency

Location

1641 Boyson Sq Dr Hiawatha, IA 52233-2337
Hiawatha metro Census 201 CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$936k
Blend (final) Blend
$970k

Owner & transaction history

Zoning & alternative use

Top alternative use upside
Restaurant $1.4M +79.1%
Auto repair, garage $1.4M +68.7%
Neighborhood: shopping center $1.3M +62.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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