Property profile

1750 Progress Dr Hiawatha, IA 52233

OFF-MARKET
Warehouses
Property ID
US25-0356269
50,000 SF 3.57 ac lot Built 1994
Individually Owned 6-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1994
Construction STEEL FRAME
Total area 50,000 SF
Lot 3.57 ac (155,509 SF)
APN 11-32-2-52-002-0-0000
UPID US25-0356269

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
  • Insurance Agency

Location

1750 Progress Dr Hiawatha, IA 52233-2400
Hiawatha metro Census 205 CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.43M
Blend (final) Blend
$2.33M

Owner & transaction history

since 2020
2 recorded transactions
2020
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Commercial (general) $3.2M +23.3%

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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