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Financial
Distress signals
Property profile

4001 River Ridge Dr NE Cedar Rapids, IA 52402

FOR SALE
Office buildings
Property ID
US25-0204441
6,040 SF 0.72 ac lot Built 1988
Last sale Apr 2023 · $650,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This single-story, 6,040-square-foot office building in Cedar Rapids, Iowa, is situated on a 31,494-square-foot lot and offers a unique opportunity for ownership or lease. Built in 1988, the property features seven private offices, a large break room, and ample parking with 12 spaces, plus a distinctive drive-through garage/storage area. The building boasts a new roof (2021) and is conveniently located in Northeast Cedar Rapids, just off Edgewood Road, providing easy access to Highway 100 and…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$18k
Tax billed · 2022
Assessed value · 2023$555k
Assessed land$109k
Assessed improvement$447k
Effective rate3.19%

Value estimate

· Oct 2026
$490k
$441k – $539k
NOI build-up
Gross scheduled income$51k
Vacancy & credit loss−$12k
Operating expenses−$10k
NOI · 3.87% cap applied$29k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$92/SF
ZIP average, outlier-cleaned · 21 recorded sales of this use type
Observed band · Q1–Q3$71 – $104

Cap rate analysis

How does the asset earn?
3.87%
$29k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionLINN

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply20.0
Wholesale Shop19.2
Restaurant17.6

Location

4001 River Ridge Dr NE Cedar Rapids, IA 52402
County assessor Recorded deeds · 9 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4101 Glass NE, Cedar Rapids, IA 52402-2512 $825,000 Jul 2025 3,972 SF
4056 Glass NE, Cedar Rapids, IA 52402-2509 $700,000 Mar 2024 6,161 SF
1855 1st SE, Cedar Rapids, IA 52402-5474 $565,000 Apr 2022 5,548 SF
1116 Ctr Pt NE, Cedar Rapids, IA 52402-3826 $200,000 Dec 2020 3,996 SF
1233 1st SE, Cedar Rapids, IA 52402-5011 $140,000 Nov 2020 3,920 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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