Freestanding Office Building with Drive-Through
New
For Sale
$750,000
4001 River Ridge Drive NE, Cedar Rapids, IA 52402
The layout includes private offices, open work areas, a conference room, and a break room.
Property Size6,040 SF
Price / SF$124.17
Days on Market5
Property Features for 4001 River Ridge Drive NE
General Information
Standard status
Active
Size
6,040 SF
Total Parking Spaces
29
Property subtype
Commercial
Lease Term
[]
Amenities
conference room
break room
drive-through garage/storage area
Building Details
Year Built
1988
Buildings
1
Listing Agency:
Realty87, Jim Angstman
Listed By:
SoldBy JZ
(319) 389-0008
Source:
Cbhrealty
Added: Oct 3
Changed: Oct 7
Last Checked: Oct 7 at 10:58AM
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 Realty87, Jim Angstman
Investment Insights
Based on property information with market context.
This 6,040-square-foot freestanding office building was built in 1988 and is configured for a single tenant. The interior includes 8 or more private offices, a conference room, open office areas, and a break room. A drive-through garage area provides storage, and the building has 29 on-site parking spaces. A metal roof was installed in 2021, and the property is zoned Sub MU.
At 4001 River Ridge Drive NE in Cedar Rapids, the property is near Edgewood Road and 42nd Street NE, with Highway 100 and I-380 minutes away.
At 4001 River Ridge Drive NE in Cedar Rapids, the property is near Edgewood Road and 42nd Street NE, with Highway 100 and I-380 minutes away.
Key Highlights
- 6,040 square feet, configured for a single tenant
- 8 or more private offices, plus open office areas and a conference room
- Drive‑through garage area with storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,007
Cap Rate
3.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$580,140
$580.1K
Cap Rate 7%
$414,386
$414.4K
Cap Rate 9%
$322,300
$322.3K
Market Conditions
NOI Build-Up for 6,040 SF
Gross rent
$50.7K $8.40/SF
− Vacancy
−$12.1K −$2.00/SF
EGI
$38.7K $6.40/SF
− OpEx
−$9.7K −$1.60/SF
NOI
$29.0K $4.80/SF
Area
Cedar Rapids, IA
Vacancy
23.77%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$580,140
Cap Rate 7%
$414,386
Cap Rate 9%
$322,300
Alternative Uses
Best Use
Office B
$414.4K
$362.6K – $483.5K
NOI $29,007 @ 7.0% cap · market cap 3.87%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$874.2K
$764.9K – $1.02M
NOI $61,193 @ 7.0% cap · market cap 8.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
335
Businesses Nearby
Explore this area
Business Placement
Demographics for 52402, IA
42,072
Population
19,848
Households
2.1
Avg Household Size
36
Median Age
41%
College-Educated
95%
High-School Grad
13.7 sq mi
ZIP Area
3,071
Density / Sq Mi
$71,319
Median Household Income
$41,753
Median Earnings
$992
Median Rent
$188,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - The layout includes private offices, open work areas, a conference room, and a break room.
Where is this office building located?
The property is located at 4001 River Ridge Drive NE Cedar Rapids, IA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 6,040 square feet, configured for a single tenant; 8 or more private offices, plus open office areas and a conference room; Drive‑through garage area with storage
