Property profile

1850 Boyson Rd B Hiawatha, IA 52233

FOR LEASE
Office Spaces
Property ID
US25-0374229
21,000 SF 2.88 ac lot Built 1996
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 2,400 square foot single-tenant office building is ideally situated in Hiawatha, Iowa, at 1850 BOISON Road, ZIP code 52233. The property, identified by APN 11311-77003-00000, is zoned C-4 and offers a convenient single-suite occupancy. The building itself is well-maintained and presents a fantastic opportunity for a business seeking a comfortable and functional workspace. Ample off-street parking is available, providing convenient access for employees and clients. Its strategic location offers easy access to Interstate 380, enhancing its appeal for businesses requiring convenient highway access. The property is available for occupancy beginning August 1st, 2024. This is a single-building property with one suite, making it an ideal solution for a business seeking a self-contained office space. The property's location in Hiawatha, Iowa, provides access to a thriving local community and its amenities. This is a rare opportunity to acquire a well-located, well-maintained office building in a desirable market. Serious inquiries are encouraged.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1996
Total area 21,000 SF
Lot 2.88 ac (125,453 SF)
APN 11-31-1-77-003-0-0000
UPID US25-0374229

Cap rate & NOI

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

Location

1850 Boyson Rd, Unit B Hiawatha, IA 52233
Hiawatha metro Census 205 CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.83M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.57M
Blend (final) Blend
$1.77M

Owner & transaction history

since 2021
Last sale
$2.0M
7 recorded transactions
2021
$2.0M
2019
Price N/A
2014
$2.2M
2014
$1.5M
2012
Price N/A
2011
$623,052
2009
Price N/A

Zoning & alternative use

Top alternative use upside
Restaurant $2.4M +79.1%
Auto repair, garage $2.2M +68.7%
Neighborhood: shopping center $2.2M +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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message