20 Pearl St Council Bluffs, IA 51503-0817
- Office buildings
- 0.13 lot acres
Current Use by Public Records
- Hamilton Associates, PC / Certified Public Accountant / Accountant
- Ferdig Mark CPA / Accountant
Property Details for 20 Pearl St
- Year built
- 1920
- Lot size
- 0.13 lot acres
- Zone code
- C-4
- Property type
- Office buildings
- APN
- 7544 36 128 007
- APU
- 754436128007
Description
This 8,800 square foot, two-story office building at 20 Pearl Street in Council Bluffs, Iowa, is available for sale with a leaseback option. The property, built in 1920, features 4,400 square feet of net rentable space and is currently 100% occupied by a long-established, reputable Certified Public Accounting firm with deep community ties. The building boasts several private offices, a reception area, two walk-in safes, and three restrooms. A full basement and four parking spaces are also included. The property sits on a 5,600 square foot lot and is zoned C-4. The asking price is $550,000, representing a price per square foot of $62.50 and a pro-forma cap rate of 0.98%. The pro-forma NOI is $5,400. This is a unique opportunity to acquire a well-located, income-producing property in a thriving downtown area with a built-in tenant. The lease is a NNN (triple net) lease.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $240,000
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Location Insight
- Map
- Local Demand
- City
- Council Bluffs
- County
- Pottawattamie
- State
- Iowa
- Longitude
- -95.8508
- Latitude
- 41.2603
- CBSA code
- 36540
- CBSA name
- OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN STATISTICAL AREA
