Back to Search
Property profile & analytics
FOR SALE
Commercial real estate
740 Kacena Rd Hiawatha, IA 52233
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US25-0054659
For Sale
1 / 19
$995,000
740 Kacena Rd, Hiawatha, IA 52233
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2003
Total area
6,528 SF
Lot
2.11 ac (91,912 SF)
APN
11-29-4-76-001-0-0000
UPID
US25-0054659
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
-
North Ridge Development Housing Development
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$530k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$412k
Blend (final)
Blend
$595k
Owner & transaction history
Br4 Development LLC · 5 yrs held
Br4 Development LLC
since 2021
Last sale
$640,000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$740,000
+79.1%
Auto repair, garage
$695,000
+68.7%
Neighborhood: shopping center
$670,000
+62.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Hiawatha submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hiawatha submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$565,000
ML approach
$530,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$415,000
Current use
RESTAURANT
$740,000
Change: +79% · Conversion: Difficult
AUTO REPAIR, GARAGE
$695,000
Change: +69% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$670,000
Change: +62% · Conversion: Difficult
MEDICAL BUILDING
$650,000
Change: +58% · Conversion: Easy
RETAIL STORES
$525,000
Change: +27% · Conversion: Easy
OFFICE BUILDING
$515,000
Change: +25% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$400,000
Change: -3% · Conversion: Moderate
Blend value · Realmo final
$595k
Range $536k – $655k · ±10% · vs last sale $640k (Jun 21 2021)
Last sale anchor
$640k
Jun 21 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$91 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$14,564
Tax year 2022
Assessed value
$618,000
Assessed 2023
Previous assessed
$495,100
+24.8% YoY
Effective rate
2.36%
On assessed value
Assessed land
$256,100
Assessed improvement
$361,900
Land market value
$256,100
Improvement market value
$361,900
Total market value
$618,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
2003
Heating
SPACE
Cooling
YES
Stories
1
Bathrooms
3
Total area
6,528 SF
Lot
2.11 ac (91,912 SF)
APN
11-29-4-76-001-0-0000
UPID
US25-0054659
Jurisdiction
LINN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$415,000
RESTAURANT
Est. value
$740,000
AUTO REPAIR, GARAGE
Est. value
$695,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$670,000
MEDICAL BUILDING
Est. value
$650,000
RETAIL STORES
Est. value
$525,000
OFFICE BUILDING
Est. value
$515,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$400,000
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2003
Heating
SPACE
Cooling
Yes
Stories
1
Bathrooms
3
Lot
2.11 ac
Current owner
From public records · entity-resolved
Br4 Development LLC
Entity
Mailing address
740 KACENA RD, HIAWATHA, IA 52233-1290
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2024
—
Br4 Development LLC
—
Deed
related
$575,000 · Bank Iowa
Aug 24, 2021
—
Br4 Development LLC
—
Deed
related
$512,000 · Cedar Rapids Bank & Trust Co
Jun 21, 2021
$640,000
Br4 Development LLC
Iggys Properties LLC
Warranty Deed
$512,000 · Cedar Rapids Bank & Trust Co
Nov 4, 2015
—
Iggys Properties LLC
Tope,mark
Quit Claim Deed
related
—
Jul 3, 2013
$580,000
Iggys Properties LLC
Peoples Housing LLC
Warranty Deed
$468,127 · Farmers State Bank
Apr 7, 2009
$580,000
Iggys Properties LLC
Peoples Housing LLC
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
