Fully Leased Office Investment
3950 River Ridge Dr NE Cedar Rapids, IA
For Sale
Contact for pricing
High-quality office building in Cedar Rapids, Iowa, fully leased.
Property Size9,936 SF
Lot Size1.06 Acres
Price / SF$158.51
Days on Market346
Property Features for 3950 River Ridge Dr NE
General Information
- Standard status
- Active
- Size
- 9,936 SF
- Lot size
- 1.06 Acres
- Property subtype
- OFFICE
Listing Agency:
GLD Commercial
(319) 731-3415
Listed By:
Adam Gibbs · License #B43857000
Source:
Moodyscre
Added: Aug 15, 2025
Changed: Jul 6
Last Checked: Jul 25 at 12:46PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of GLD Commercial
Investment Insights
Based on property information with market context.
Located in River Ridge Executive Park in Cedar Rapids, Iowa, this property is positioned off I380 and Collins Road/Highway 100. The area includes corporate offices, financial institutions, and professional service firms, with nearby restaurants, hotels, and retail centers. This is a fully leased office investment property occupied by Advancement Resources and the National Systems Contractors Association (NSCA). Both tenants are secured under triple net (NNN) lease structures. The property provides investors with a 7.88% capitalization rate. The property is priced below replacement cost.
Key Highlights
- Fully leased office investment property with a strong tenant roster including Advancement Resources and NSCA.
- Attractive 7.88% capitalization rate for strong cash flow.
- Triple net (NNN) lease structures minimize landlord responsibilities and provide stable, predictable income.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $83.5k | $8.40 |
| − Vacancy | −$19.8k | −$2.00 |
| EGI | $63.6k | $6.40 |
| − OpEx | −$15.9k | −$1.60 |
| NOI | $47.7k | $4.80 |
9,936 SF · lease $8.40/SF/yr · vacancy 23.77% · expense 25.00%
Alternative Uses
Best Use
Office B
$681.7K
$596.5K – $795.3K
NOI $47,718 @ 7.0% cap · market cap 3.03%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.44M
$1.26M – $1.68M
NOI $100,664 @ 7.0% cap · market cap 6.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
National Systems Contractors ...
General Contractor
Advancement Resources
Business To Business Service
Differentiation Strategies Inc
Business Management Consultant
FAQs
What type of property is this?
Office building - High-quality office building in Cedar Rapids, Iowa, fully leased.
Where is this office building located?
The property is located at 3950 River Ridge Dr NE Cedar Rapids, IA.
What is the asking price?
The asking price for this property is $1,575,000.
What are key features of this property?
This property features: Fully leased office investment property with a strong tenant roster including Advancement Resources and NSCA.; Attractive 7.88% capitalization rate for strong cash flow.; Triple net (NNN) lease structures minimize landlord responsibilities and provide stable, predictable income.
