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Property profile & analytics
FOR LEASE
Office buildings
4000 River Ridge Dr NE Cedar Rapids, IA 52402
Entity Owned
3-yr Hold
Free & Clear
Property ID
US25-0222584
For Lease
1 / 39
$10.50 SF/Yr
4000 River Ridge Dr NE, Cedar Rapids, IA 52402
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Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1995
Total area
14,537 SF
Lot
1.18 ac (51,401 SF)
APN
14-07-1-01-004-0-0000
UPID
US25-0222584
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · 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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.15M
Comparable Approach
Comparable
$1.22M
Blend (final)
Blend
$1.07M
Owner & transaction history
Seven Twelve Properties LLC · 3 yrs held
Seven Twelve Properties LLC
since 2023
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.6M
+16.3%
Medical building
$1.5M
+8.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Cedar Rapids submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cedar Rapids submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,240,000
6.5%
$1,145,000
7%
$1,065,000
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
Blend value · Realmo final
$1.07M
Range $959k – $1.17M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$73 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$45,074
Tax year 2022
Assessed value
$1,236,700
Assessed 2023
Previous assessed
$1,236,700
+0.0% YoY
Effective rate
3.64%
On assessed value
Assessed land
$177,000
Assessed improvement
$1,059,700
Land market value
$177,000
Improvement market value
$1,059,700
Total market value
$1,236,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1995
Heating
NONE
Stories
1
Total area
14,537 SF
Lot
1.18 ac (51,401 SF)
APN
14-07-1-01-004-0-0000
UPID
US25-0222584
Jurisdiction
LINN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.5M
RETAIL STORES
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1995
Heating
NONE
Stories
1
Lot
1.18 ac
Current owner
From public records · entity-resolved
Seven Twelve Properties LLC
Entity
Free & Clear · 3 yrs held
Mailing address
4000 RIV RDG DR NE, CEDAR RAPIDS, IA 52402-7586
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 16, 2023
—
Seven Twelve Properties LLC
Theodore Johnson
Warranty Deed
—
—
—
Fip Lc
—
Deed Of Trust
related
$1,500,000 · Us Bank NA
—
—
Fip Lc
—
Deed Of Trust
related
$404,410 · Us Bank NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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