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    Property profile & analytics
    OFF-MARKET Estimated value $1,180,000
    Warehouses

    2112 Robins Rd, Hiawatha, IA 52233-1049

    59,030 SF 4.62 ac lot Built 2023
    Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US25-0808795
    Property summary
    AI-generated overview

    This exceptional 59,108-square-foot industrial property in Hiawatha, Iowa, offers a prime opportunity for businesses seeking flexible warehouse or distribution space. Built in 2023, this single-story building boasts a 25-foot clear ceiling height, providing ample vertical storage capacity. The property features 11 loading docks and 8 drive-in doors, ensuring efficient loading and unloading operations. A total of 37,841 square feet is currently vacant, with spaces divisible down to 6,890 square feet. The building is equipped with an ESFR sprinkler system, energy-efficient LED lighting, and three-phase power, along with warehouse heating. Office/showroom space is also available at a separate rate. The property sits on a 4.6-acre lot and is zoned C-4. The lease rate for warehouse space is $7.95 per square foot NNN for single-bay leases and $7.50 per square foot NNN for leases of two or more bays. Office/showroom space is available at $14.95 per square foot. The owner is willing to negotiate the amortization of tenant improvements over the lease term. This property's strategic location in Hiawatha, Iowa, combined with its modern amenities and flexible lease options, makes it an ideal choice for a variety of industrial businesses. The APN is 112832600800000.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 2023
    Construction STEEL FRAME
    Total area 59,030 SF
    Lot 4.62 ac (201,247 SF)
    APN 11-28-3-26-010-0-0000
    UPID US25-0808795
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.12M
    Blend (final) Blend
    $1.18M
    Owner & transaction history
    Hiawaha Properties LLC · 5 yrs held
    Hiawaha Properties LLC
    since 2021
    5 recorded transactions
    2023
    2021
    2021
    $1.8M
    2007
    2007
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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