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Financial
Distress signals
Property profile

1661 Boyson Square Dr Hiawatha, IA 52233

FOR LEASE
Other office properties
Property ID
US25-1105807
15,470 SF 6.19 ac lot Built 2012
Entity Owned Owner of record is a legal entity (LLC / corporation). 11-yr Hold Held for 11 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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1661 Boyson Square Dr, Hiawatha, IA 52233 For Lease
$1,531/Mo 525 SF available
1661 Boyson Square Dr, Hiawatha, IA 52233
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Property summary

AI-generated overview

The property is a second-generation office suite within the Boyson Square mixed-use retail and office development. It is located near the intersection of Boyson Road and I-380 and is configured as a fully built-out office space with access to a shared conference room and common area restrooms. The suite contains approximately 525 square feet of interior space, and office furniture is available as part of the setup.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$53k
Tax billed · 2022
Assessed value · 2023$1.63M
Assessed land$249k
Assessed improvement$1.38M
Effective rate3.27%

Value estimate

· Oct 2026
$1.15M
$1.04M – $1.27M
Submarket $/SF estimate$1.08M
NOI build-up
Gross scheduled income$4k
Vacancy & credit loss−$1k
Operating expenses−$835
NOI · 163.75% cap applied$3k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$63/SF
County average, outlier-cleaned · 91 recorded sales of this use type
Observed band · Q1–Q3$33 – $92
Qualifying comparables5

Cap rate analysis

How does the asset earn?
163.75%
$3k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionLINN

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm11.1
Tailor Shop9.3
Smoke and Vape Shop9.2

Location

1661 Boyson Square Dr Hiawatha, IA 52233
County assessor Recorded deeds · not on file 5 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2805 Stonegate, Hiawatha, IA 52233-4714 $600,000 Oct 2022 8,400 SF
295 Miller, Hiawatha, IA 52233-2372 $80,000 Sep 2022 10,059 SF
1850 Boyson, Hiawatha, IA 52233-2348 $2,000,000 Oct 2021 21,000 SF
698 Boyson, Hiawatha, IA 52233-1217 $325,000 Aug 2021 4,070 SF
405 Blairsferry, Hiawatha, IA 52233-7942 $1,395,000 Jul 2021 7,602 SF
1751 Boyson, Hiawatha, IA 52233-2313 $1,775,000 Jul 2021 11,780 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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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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