Office Building with Drive-Through
New
For Sale
$750,000
4001 River Ridge Drive NE, Cedar Rapids, IA 52402
Commercial, Cedar Rapids, IA
Property Size6,040 SF
Lot Size0.72 Acres
Price / SF$124.17
Days on Market2
Property Features for 4001 River Ridge Drive NE
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
Sub MU
Directions
From Edgewood Rd NE take 42nd Street NE to River Ridge Dr NE south to 4001.
Subdivision
NE Quadrant
Standard status
Active
APN
14071-02003-00000
Size
6,040 SF
Lot size
0.72 Acres
Taxes and HOA fees
Tax Description
LIFE INVESTORS OFFICE PARK FOURTH ADDN STR/LB 9
Tax Annual Amount
17710
Legal Description
LIFE INVESTORS OFFICE PARK FOURTH ADDN STR/LB 9
Amenities
private offices
conference room
open office areas
break room
drive-through garage/storage
Building Details
Year built
1988
Flooring type
Concrete
Building materials
Frame
Roof type
Metal
Listing Agency:
Realty87 · Coldwell Banker Real Estate
(319) 378-8760
Listed By:
Jim Zachar
(319) 367-8760
Added: Oct 5
Last Checked: Oct 6 at 3:06PM
MLS# 2606970
Copyright © 2026 Cedar Rapids Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 6,040-square-foot standalone office building was constructed in 1988 and occupies 0.723 acres. Its layout includes at least eight private offices, a conference room, open office areas, and a break room. A drive-through garage and storage area adds functional support space, while 29 parking spaces are provided on site. The metal roof was installed in 2021.
At 4001 River Ridge Drive NE in Cedar Rapids, the property is just off Edgewood Road and 42nd Street NE, with Highway 100 and I-380 a short drive away. Zoning is Sub MU.
At 4001 River Ridge Drive NE in Cedar Rapids, the property is just off Edgewood Road and 42nd Street NE, with Highway 100 and I-380 a short drive away. Zoning is Sub MU.
Key Highlights
- 6,040‑square‑foot office building on 0.723 acres
- At least 8 private offices, plus conference room and open office areas
- Drive‑through garage and storage area
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
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
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
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - A single-occupant layout combines private offices, shared work areas, meeting space, and on-site parking.
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‑foot office building on 0.723 acres; At least 8 private offices, plus conference room and open office areas; Drive‑through garage and storage area
