3950 River Ridge Dr NE, CedarRapids, IA 52402
Linn County
Key Facts
Description
A high-quality, fully leased office investment located in the prestigious River Ridge Executive Park in Cedar Rapids, Iowa. The building is occupied by two well-established tenants: Advancement Resources, a global leader in professional development and philanthropic strategy, and the National Systems Contractors Association (NSCA), the nation's premier association representing the commercial integration industry. Both tenants are secured under triple net (NNN) lease structures, minimizing landlord responsibilities and providing stable, predictable income. The current offering provides investors with a 7.6% capitalization rate, making this an attractive opportunity for those seeking strong cash flow in a mature professional office corridor. Strategically positioned just off I-380 and Collins Road/Highway 100, this property offers excellent accessibility and visibility in a thriving business park setting. The area is home to a diverse mix of corporate offices, financial institutions, and professional service firms, with nearby amenities including restaurants, hotels, and retail centers serving the robust NE Cedar Rapids business district. With its strong tenant roster, low-maintenance lease structure, and prime location, 3950 River Ridge Dr NE is an exceptional addition to any commercial real estate investment portfolio.
Property Information
Property Type
Commercial Sale
Sub-Type
Office
Year Built
1989
Lot Size
1.06 acres
Zoning
TML
MLS® Listing#
202504874
Property Features
Cooling
Heating
Flooring
Construction
Roof
Utilities
Water Source
Financial Details
Annual Taxes
$27,746
Tax year 2023
Parcel Number
14071-01007-00000
Directions
Traveling on Hwy 100, take the Edgewood Rd NE exit and head South. Turn East on River Center Ct NE and this property is on the corner of River Center Ct NE & River Ridge
Affordability Calculator
$315,000
Estimated monthly payment
$8,383/mo
Principal $1,260,000 · Est. interest $1,757,812 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in CedarRapids, IA
- $319,048
- Median Listing Price
- 33
- Median Days on Market
- 1,708
- Median Sq Ft
- $146
- Median Price / Sq Ft
- 53
- Active Listings
- This home’s price is 394% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in CedarRapids, IA.
Location
- 3950 River Ridge Dr NE, CedarRapids, IA 52402
Points of Interest in CedarRapids, IA
Showing the CedarRapids area map.
Nearby Schools
Good Shepherd Lutheran Day School
Elementary · 0.8 mi away
Bova's Class
School · 1.0 mi away
Kennedy High School
Secondary · 1.0 mi away
Pierce Elementary School
Elementary · 1.2 mi away
Cedar Rapids Community School District
Elementary · 1.2 mi away
Xavier High School
Secondary · 1.3 mi away
Champions at Viola Gibson Elementary School
Elementary · 1.6 mi away
Isaac Newton Christian Academy
School · 1.6 mi away
Hiawatha Elementary School
Elementary · 1.7 mi away
Champions at Hiawatha Elementary School
Elementary · 1.7 mi away
Wright Elementary School
Elementary · 2.1 mi away
Apple Kids
School · 2.1 mi away
St Pius X School
School · 2.1 mi away
Xavier High School
Secondary · 2.1 mi away
Madison Elementary School
Elementary · 2.3 mi away
Harrison Elementary School
Elementary · 2.4 mi away
Nixon Elementary School
Elementary · 2.4 mi away
Champions at Nixon Elementary School
Elementary · 2.4 mi away
Garfield Elementary School
Elementary · 2.5 mi away
Champions at Maple Grove Elementary School
Elementary · 2.5 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1700 NE Boyson Road, CedarRapids, IA | $1,200,000 | — | — | — |
| 0 SW 16th Ave, CedarRapids, IA | $1,250,000 | — | — | — |
| 5230 Edgewood Road NE, CedarRapids, IA | $1,251,378 | — | — | — |
| 4820 Armar Dr SE, CedarRapids, IA | $1,445,000 | — | — | — |
| 6271 Edgewood Rd SW, CedarRapids, IA | $1,499,000 | — | — | — |
| 2710 SW 6th Street, CedarRapids, IA | $1,550,000 | — | — | — |
Moving Cost Estimate
EXIT Agents in CedarRapids
Listing Courtesy: GLD Commercial Real Estate Advisors - 3197313410
Presented by: Adam Gibbs