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Property profile & analytics
OFF-MARKET Estimated value $5,565,000
Office buildings

4515 Riv NE Blvd Cedar Rapids, IA 52411

90,954 SF 16.09 ac lot Built 1993
Entity Owned 4-yr Hold Free & Clear
Property ID
US25-0363320
Property summary
AI-generated overview

This exceptional office property, located at 4515 N River Blvd NE in Cedar Rapids, Iowa, offers a diverse range of flexible spaces to suit various business needs. The property encompasses a substantial 172,674 square feet across two buildings, each five stories high, and is situated on a generous 5.87 acres of land. Built in 1993, the property features convenient amenities including elevators and abundant on-site parking. Units range from a minimum of 3,000 square feet up to the entire 172,674 square feet, allowing for significant scalability. Each floor is thoughtfully designed with perimeter private offices, dedicated conference rooms, and open work areas, catering to a variety of work styles. The property benefits from a highly desirable location within Edgewood Pointe, Cedar Rapids' newest mixed-use development, providing easy access to Edgewood Road and Highway 100, ensuring convenient access to all parts of the city. Nearby amenities further enhance the property's appeal. Currently, a Regus co-working space is among the tenants. The property is zoned for Suburban Mixed Use Regional Center use within Linn County, Iowa, and boasts a convenient 52411 zip code. This turnkey office space presents a compelling opportunity for businesses seeking a well-appointed and strategically located office environment.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1993
Total area 90,954 SF
Lot 16.09 ac (700,880 SF)
APN 14-06-4-27-001-0-0000
UPID US25-0363320
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
  • Azzowak Accounting Firm Tax Preparation
  • Stange Law Firm, PC Law Firm
  • Carelinks ABA Pediatrician
  • Regus - Private Offices | Coworking | Meeting Rooms | Virtual Offices Real Estate Agency
  • Regus Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$5.24M
CAP Approach CAP
$7.17M
Comparable Approach Comparable
$4.74M
Blend (final) Blend
$5.57M
Owner & transaction history
1031 Pros Titleholder 1116 LLC · 4 yrs held
1031 Pros Titleholder 1116 LLC
since 2022
Last sale
$7.0M
2 recorded transactions
2022
$7.0M
2020
$9.7M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $9.1M +27.9%
Retail stores $7.5M +5.4%
Neighborhood: shopping center $7.5M +4.9%
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