4001 Riv Rdg NE Dr Cedar Rapids, IA 52402-7544
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 I-380. The property is currently vacant and available for immediate occupancy. Zoned Sub MU, this standalone building is ideal for a single tenant seeking a professional and well-maintained workspace. The asking price is $755,000, and the property is offered as a net lease. The Linn County Assessor's Parcel Number (APN) is 14710200300000. This exceptional property presents a rare opportunity to acquire a well-located, functional office building in a thriving area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
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