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Property profile & analytics
OFF-MARKET Estimated value $600,000
Strip malls

1940 Blairs Fry Rd Hiawatha, IA 52233-2075

20,669 SF 3.46 ac lot Built 2018
Entity Owned 2-yr Hold Free & Clear
Property ID
US25-2402974
Property summary
AI-generated overview

This exceptional 7,646 square foot commercial property, located at 1940 Blairs Ferry Road #Lot 1B #102 in Hiawatha, Iowa, offers flexible office space ideal for various businesses. Built in 2018, the building boasts high ceilings ranging from 11 to 14 feet, providing a spacious and modern feel. The property is currently fully vacant and available for lease, with a minimum divisible space of 932 square feet and a maximum contiguous space of 2,529 square feet. Multiple tenancy options are available within this versatile space, suitable for traditional or executive office uses, as well as retail or restaurant concepts. Situated on a 19-acre lot within Peck's Landing, a master-planned retail power center, this location offers excellent visibility at the intersection of Blairs Ferry Road and Edgewood Road NE. The property benefits from easy access to I-380 and Highway 100/Collins Road extension, and is conveniently located across from a rapidly expanding residential and commercial sub-market in Cedar Rapids, boasting the highest household income in the metro area. The property is zoned C-3 and is located in Linn County, Iowa, zip code 52233. This prime location and flexible space make it an excellent opportunity for businesses seeking high visibility and convenient access.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2018
Total area 20,669 SF
Lot 3.46 ac (150,718 SF)
APN 14-06-1-04-001-0-0000
UPID US25-2402974
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
  • UnityPoint Clinic - Express (Peck's Landing) Medical Clinic
  • Carly Roskop, NP Physician
  • Rachel Blackford, ARNP Physician
  • Mackenzie J. VanRees, PA-C Physician
  • Tamara Meier, ARNP Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$480k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$600k
Owner & transaction history
Brakes Plus LLC · 2 yrs held
Brakes Plus LLC
since 2023
Last sale
$700,000
6 recorded transactions
2023
$700,000
2022
Price N/A
2018
Price N/A
2018
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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