1641 Boyson Square DrHiawatha, IA 52233

Property Details for 1641 Boyson Square Dr

Year built

2011

Lot size

6.19 AC

Property size (Sq ft)

12,636 SF

Property type

Office properties

APN

11-32-3-27-017-0-1009

APU

113232701701009

Description

This exceptional 3,040 square foot office space is available for lease in a vibrant mixed-use retail/office park in Hiawatha, Iowa. Located on the first floor of a two-story, Class B building constructed in 2011, this suite offers a modern and efficient layout, perfect for a variety of businesses. The property boasts a total of 12,636 square feet across three suites, with this particular suite offering the maximum contiguous space available. The building features one elevator for convenient access. Situated on a substantial 6.19-acre lot (269,636.4 square feet), the property provides ample parking and visibility. The location offers easy access to major roadways, including I-380, Center Point Road, Blairs Ferry Road, and Edgewood Road, ensuring convenient commutes for employees and clients. The property is zoned C-3, allowing for a range of commercial uses. The asking lease rate is $12.95 per square foot, NNN. This is a second-generation space, ready for immediate occupancy. The Linn County property (APN: 113232701701009) presents a unique opportunity to establish or expand your business in a thriving community. The minimum divisible space is 3,040 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $2,080,025

  6.5%

  $1,920,023

  7%

  $1,782,878

• Comparable approach

  Method

  Valuation

  Relative Method

  $644,941

  Geo Method

  $644,941

• Alternative Use

  Use

  Valuation

  Residential

  $2,380,828

  Hospitality

  $2,180,826

  Educational

  $1,814,422

  Medical

  $1,876,822

  Retail

  $2,822,434

Location Insight

City

Hiawatha

County

Linn

State

Iowa

Latitude

42.0434

Longitude

-91.6962

CBSA code

16300

CBSA name

CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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