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    4050 River Center Ct Cedar Rapids, IA 52402

    Sponsored
    For Lease
    $10 SF/Yr ($17,530 /Mo)

    Cedar Rapids, IA Office Suites, 5,000-9,850 SF

    Lot size:
    21,036 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    400
    This exceptional Class A office building, located at 4050 River Center Ct NE in Cedar Rapids, Iowa, offers a unique opportunity for businesses seeking flexible and high-quality workspace. The single-story, 21,036 square foot building, constructed in 1988, sits on a spacious 182,516 square foot lot and boasts a tranquil backyard setting with a private pond and ample wildlife viewing. Currently, 9,850 square feet of office space is available, adaptable to various needs, ranging from 5,000 to 9,850 square feet. The property features a secure, private entrance, high-speed fiber optic internet, two large conference rooms, three spacious private offices, and a sizable open area ideal for cubicles. Existing cubicle and office furniture is available for tenant use. Amenities include ADA-compliant restrooms and a large parking lot. The building's convenient location provides easy access to Highway 100, I-380, and Edgewood Road. A tenant improvement package is available, contingent upon lease terms. Floor plans are available upon request. The property is zoned Trad MU and its Linn County APN is 140710100500000. This versatile space is suitable for traditional office, executive office, coworking, medical office, or creative office uses.

    Property Features for 4050 River Center Ct

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    21,036 SF
    Class
    A
    Total Rate
    17530

    Building Details

    Year Built
    1988
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    4050 River Center Ct #B
    Size
    9,850 SF
    Rate per SF
    $10

    HighLights

    • 9,850 SF of Class A office space available for lease in a single‑story building.
    • Tranquil backyard setting with private pond and wildlife viewing.
    • Secure private entrance.
    • Two large conference rooms and three large private offices.
    • Excellent location with easy access to Hwy 100, I‑380, and Edgewood Rd.
    Property Profile Location Intelligence

    Current Use by Public Records

    Anderson Bogert Engineers ... Civil Engineer

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.69885885
    Latitude
    42.0194887

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    FAQs

    What type of property is this?
    Office space - Cedar Rapids, IA Office Suites, 5,000-9,850 SF
    Where is this office space located?
    The property is located at 4050 River Center Ct Cedar Rapids, IA.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: 9,850 SF of Class A office space available for lease in a single-story building.; Tranquil backyard setting with private pond and wildlife viewing.; Secure private entrance.
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    4050 River Center Ct Cedar Rapids, IA 52402
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4050 River Center Ct Cedar Rapids, IA 52402
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