Property profile & analytics
4000 Riv Rdg NE Dr Cedar Rapids, IA 52402-7586
- Office buildings
- 14,537 SF
- 1.18 lot acres
OFF-MARKET
Last Sale
Jan 16, 2023
Jan 16, 2023
Value Estimations
$1,065,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US25-0222584
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Current Use by Public Records
- Piper Family Medicine Pc / Medical Clinic
- Q4 Wealth Management / Financial Advisor
- Steindler Orthopedic Clinic / Medical Clinic
- Frontier Futures / Financial Advisor
- Scott Piper / Pediatrician / Physician
Property Details for 4000 Riv Rdg NE Dr
- Year built
- 1995
- Lot size
- 1.18 lot acres
- Property size
- 14,537 SF
- Property type
- Office buildings
- APN
- 14-07-1-01-004-0-0000
- APU
- 140710100400000
Description
This single-story, 14,537 square foot Class B office building, situated on 1.18 acres in Cedar Rapids, Iowa, presents a compelling leasing opportunity. Built in 1995 and renovated in 2018, the property boasts 9,612 square feet of immediately available space, divisible to a minimum of 4,612 square feet and a maximum contiguous space of 9,612 square feet. The building features attractive 11-14 foot ceilings and is conveniently located in the River Ridge Executive Park, offering easy access to major roadways including 42nd Street, Center Point Road, Edgewood Road, Blairs Ferry Road, Highway 100/Collins Road extension, and Interstates 380 and 27. The property includes three total suites and ample space for private offices and open work areas. On-site signage is available. The building is zoned T-MU Limited. A tenant improvement allowance is negotiable. The property's address is 4000 River Ridge Drive NE, Cedar Rapids, IA 52402, and its Linn County APN is 14071-01004-00000. There are no elevators. This is an exceptional opportunity for businesses seeking a well-maintained, conveniently located office space with immediate occupancy.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,240,000
- 6.5%
- $1,145,000
- 7%
- $1,065,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,217,000
- AI Estimate
- $835,000
Market price range: $1.04M - $1.51MMarket price range: $403k - $1.33M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $1,335,000 Current use
- AUTO REPAIR, GARAGE
- $1,550,000 Change: +16% Conversion: Difficult
- MEDICAL BUILDING
- $1,450,000 Change: +9% Conversion: Easy
- RETAIL STORES
- $1,195,000 Change: -10% Conversion: Moderate
- NEIGHBORHOOD: SHOPPING CENTER
- $1,190,000 Change: -11% Conversion: Difficult
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Cedar Rapids
- County
- Linn
- State
- Iowa
- Longitude
- -91.6995
- Latitude
- 42.0199
- CBSA code
- 16300
- CBSA name
- CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$45,074
$177,000
$1,059,700
$1,236,700
-
$177,000
$1,059,700
$1,236,700
