Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    21 Ardmore St Council Bluffs, IA 51503

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    21 Ardmore St Council Bluffs, IA 51503

    View on Map
    • Land
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 21 Ardmore St

    Property type
    Land

    Description

    This exceptional 8,609 square foot residential lot, located at Lot 21 Ardmore Street in Council Bluffs, Iowa, presents a unique opportunity to build your dream home. Priced at $86,500, this single-family residential zoned lot boasts city services, including electricity and gas. The property features curbs, gutters, finished grade, and a storm sewer system, simplifying the construction process. Situated within the desirable Lewis Central Community, this lot offers a tranquil setting in the gently rolling hills of Cedar Creek, while eliminating the need for flood insurance. The lot is level to rolling in terrain and has city/town road frontage. Parcel number 7543 34 401 002. Note that the developer will approve plans and specifications, and the property is subject to covenants and homeowners association restrictions. Don't miss this chance to build in a prime location with all the conveniences of city living.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Council Bluffs
    County
    Pottawattamie
    State
    Iowa
    Longitude
    -95.7683
    Latitude
    41.2486

    Comparable in this City

    • Value Estimation by Request
      19.00 Acres

      16090 Crystal Ln

      Land • 19.00 Acres
      16090 Crystal Ln, Council Bluffs, IA 51503
      View Details
    • Value Estimation by Request
      22.00 Acres

      20873 Greenview Rd

      Land • 22.00 Acres
      20873 Greenview Rd, Council Bluffs, IA 51503
      View Details
    • Value Estimation by Request
      41.00 Acres

      18000 Bunge Ave

      Farms • 41.00 Acres
      18000 Bunge Ave, Council Bluffs, IA 51503
      View Details
    • Value Estimation by Request
      3.20 Acres

      3.20 Ac. Mid America Loop

      Land • 3.20 Acres
      0 3.20 Ac. Mid America Loop, Council Bluffs, IA 51503
      View Details
    • Value Estimation by Request
      16.00 Acres

      Bunge Ave

      Land • 16.00 Acres
      0 Bunge Ave, Council Bluffs, IA 51503
      View Details
    • Value Estimation by Request
      40.00 Acres

      Wabash Ave

      Farms • 40.00 Acres
      0 Wabash Ave, Council Bluffs, IA 51503
      View Details

    Similar Nearby for Sale

    • $315,000

      Updated Tri-Plex Investment Opportunity

      Fully updated tri-plex with modern finishes and versatile unit mix.
      541 Mill St, Council Bluffs, IA 51503
      View Details
    • Contact for pricing
      63,097 SF

      Historic Senior Living Community

      36-unit independent senior living community in Council Bluffs, Iowa.
      25 Linden Ave S, Council Bluffs, IA 51503
      View Details
    • $225,000
      3,976 SF

      Council Bluffs Mixed-Use Property

      Commercial space with two apartments, all currently rented.
      519 S Main St, Council Bluffs, IA 51503
      View Details
    • $605,000
      7,596 SF

      Downtown Retail/Office Building For Sale

      Well-maintained retail/office building in a downtown location.
      533 South Main St, Council Bluffs, IA 51503
      View Details
    • $375,000
      Pending

      Council Bluffs Fourplex Opportunity

      Fully occupied fourplex with long-term tenants and upside potential.
      403 Voorhis St, Council Bluffs, IA 51503
      View Details
    • New
      $275,000

      Well-Maintained Triplex in Council Bluffs

      Triplex with income-producing units, new roof, and LVP flooring.
      909 Avenue G, Council Bluffs, IA 51503
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      20,250 SF

      New Industrial Building Available Soon

      20,250 SF industrial building with drive-thru doors, delivery Q1 2026.
      51503 Usa, Council Bluffs, IA 51503
      View Details
    • $20 SF/Yr
      2,464 SF

      Council Bluffs Retail Space Available

      2,464 SF retail space for lease in Council Bluffs.
      12 Menard Dr, Council Bluffs, IA 51503
      View Details
    • Contact for pricing

      Downtown Council Bluffs Office Space

      Office space available for rent in Council Bluffs, Iowa.
      310 W Kanesville Blvd, Council Bluffs, IA 51503
      View Details
    • $9 SF/Yr
      27,560 SF

      Industrial Buildings Near I-80

      Three industrial buildings totaling 27,560 SF, near I-80.
      2427 South Ave, Council Bluffs, IA 51503
      View Details
    • Contact for pricing

      Downtown Council Bluffs Office Space

      Small office space for lease in a professional downtown building.
      421 W Broadway, Council Bluffs, IA 51503
      View Details
    • Contact for pricing
      810,000 SF

      Council Bluffs Industrial Space

      Up to 810,000 SF of industrial space for lease.
      & I-80 Kanesville Blvd, Council Bluffs, IA 51503
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    21 Ardmore St
    Council Bluffs, IA 51503
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!