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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    45 Boyson Rd Hiawatha, IA 52233-1203

    • Individual retail properties
    • 864 SF
    • 0.19 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US25-0241024
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • The Design House / Interior Designer / Cabinet Maker
    • S D Waves & Co / Tanning Salon

    Property Details for 45 Boyson Rd

    Year built
    1991
    Lot size
    0.19 lot acres
    Property size
    864 SF
    Property type
    Individual retail properties
    APN
    11-33-2-52-015-0-0000
    APU
    113325201500000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hiawatha
    County
    Linn
    State
    Iowa
    Longitude
    -91.6737
    Latitude
    42.0473
    CBSA code
    16300
    CBSA name
    CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $1,948
    $42,300
    $68,200
    $110,500
    -
    $42,300
    $68,200
    $110,500

    Comparable in this City

    • Value Estimation
      $2,055,000
      24,551 SF

      885 Edgewood Rd

      GROCERY, SUPERMARKET • 24,551 SF
      885 Edgewood Rd, Hiawatha, IA 52233
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    • Value Estimation by Request
      1,200 SF

      1210 Ctr Pt Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,200 SF
      1210 Ctr Pt Rd, Hiawatha, IA 52233-1228
      View Details
    • Value Estimation by Request
      6,372 SF

      1035 Ctr Pt Rd

      FINANCIAL BUILDING • 6,372 SF
      1035 Ctr Pt Rd, Hiawatha, IA 52233-2070
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    • Value Estimation by Request
      9,012 SF

      175 Ctr Pt Rd

      FINANCIAL BUILDING • 9,012 SF
      175 Ctr Pt Rd, Hiawatha, IA 52233-1550
      View Details
    • Value Estimation by Request
      2,609 SF

      300 Blairs Fry Rd

      CONVENIENCE STORE • 2,609 SF
      300 Blairs Fry Rd, Hiawatha, IA 52233-1513
      View Details
    • Value Estimation
      $710,000
      7,317 SF

      1880 Blairs Fry Rd

      CONVENIENCE STORE • 7,317 SF
      1880 Blairs Fry Rd, Hiawatha, IA 52233-2077
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.24 Acres

      Hiawatha Retail Space - Robins Road

      Prime Hiawatha retail location, 0.24 acres.
      830 Robins Rd, Hiawatha, IA 52233
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    • Contact for pricing
      6.19 Acres

      Hiawatha Office Building, 6 Acres

      Spacious office building on large lot. Ideal for expansion.
      1641 Boyson Square Dr, Hiawatha, IA 52233
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    • Contact for pricing
      8.22 Acres

      Hiawatha Industrial Property - 8 Acres

      Large industrial lot, ideal for development. Prime Hiawatha location.
      1780 Robins Rd, Hiawatha, IA 52233
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    • $2,335,000
      20,295 SF

      Hiawatha Flex Industrial Office Space

      Flex industrial office space in Hiawatha, easily accessible from I-380.
      921-929 Marthas Way, Hiawatha, IA 52233
      View Details
    • $135,000
      1.60 Acres

      Residential Lot in Timber Creek

      Over an acre lot in Hiawatha with city amenities.
      2909 Timber Crk Ct, Hiawatha, IA 52233
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    • $676,269
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      Hiawatha Commercial Lot Opportunity

      2.3 acre commercial lot near I-380 in Hiawatha, Iowa.
      1175 Tower Terrace Rd, Hiawatha, IA 52233
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    Similar Nearby for Lease

    • $1,500 /Mo
      3,572 SF

      Retail Space on Robins Road

      Retail space available for lease with gated parking.
      830 Robins Rd, Hiawatha, IA 52233
      View Details
    • Contact for pricing

      Former Liquor Store Retail/Office Space

      Retail or office space available in former liquor store.
      830 Robins Rd, Hiawatha, IA 52233
      View Details
    • $15 SF/Yr
      154,000 SF

      Hiawatha Retail Power Center

      High-Visibility Retail Space in Iowa
      1940 Blairs Ferry Rd, Hiawatha, IA 52233
      View Details
    • Contact for pricing

      Hiawatha Warehouse/Flex Space For Lease

      Build-to-suit warehouse/flex space available in Hiawatha.
      1470 Ketelsen Dr, Hiawatha, IA 52233
      View Details
    • $9 SF/Yr
      30,000 SF

      Hiawatha Industrial Flex Space

      Modern flex warehouse, 10,000-30,000 SF available.
      1470 Ketelsen Dr, Hiawatha, IA 52233
      View Details
    • $10 SF/Yr
      14,364 SF

      Hiawatha Flex Space with Storage

      Flex space with secured outdoor storage near I-380.
      1525 Ketelsen Dr, Hiawatha, IA 52233
      View Details
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    45 Boyson Rd
    Hiawatha, IA 52233-1203
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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