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4250 River Center Court NE

Cedar Rapids, IA 52404
  • $1,725,000
  • STATUS: Active
  • ON SITE: 39 Days
  • MLS #: 2509151
UPDATED: 42 min ago
$1,725,000
  • 0
    BEDS
  • 1.59
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 13,919
    SQFT
  • $124
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1996
County:
Area:

School Ratings & Info

Description

Two tenant 13,919 SF office investment property, GSA Dept of Veterans Affairs and Genova. GSA lease term through January 3, 2042 and Genova lease term through May 31, 2029. Projected 2026 NOI $148,700 priced at 8.6% CAP rate. GSA has initiated a $282,000 remodel of their space showing their continued commitment to the location.

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© 2025 Cedar Rapids Area Association of REALTORS® Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Key Realty. Data last updated: 2025-12-16T08:42:33.653.
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4250 River Center Court NE Cedar Rapids, IA 52404

  • Price: $1,725,000
  • Status: Active
  • On Site: 39 Days
  • Updated: 42 min ago
  • MLS #: 2509151
0
Beds
0
Baths
0
½ Baths
1.59
Acres
13,919
SQFT
$124
$/SQFT
1996
Built
Neighborhood:
NE Quadrant
County:
Linn
Area:
NE Quadrant
Property Description
Two tenant 13,919 SF office investment property, GSA Dept of Veterans Affairs and Genova. GSA lease term through January 3, 2042 and Genova lease term through May 31, 2029. Projected 2026 NOI $148,700 priced at 8.6% CAP rate. GSA has initiated a $282,000 remodel of their space showing their continued commitment to the location.
Exterior Features

Roof Metal

Interior Features

Basement YN No Cooling Central Air Cooling YN Yes Flooring Carpet Levels One

Property Features

Building Features Multi- Tenant Inclusions Building Land Lease Considered YN No Property Sub Type Office Property Sub Type Additional Office Sewer Public Sewer Tax Annual Amount 52556 Zoning S- MC Zoning Description S- MC

Listing information © 2025 Cedar Rapids Area Association of REALTORS® Multiple Listing Service.
Listing provided courtesy of Thad Denhartog of Mel Foster Commercial Real Estate Services LLC: 563-324-4488.
© 2025 Cedar Rapids Area Association of REALTORS® Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Key Realty. Data last updated: 2025-12-16T08:42:33.653.
 
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Key Realty
4403 1st AV NE, STE 503
Cedar Rapids IA, 52402