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Property profile & analytics
OFF-MARKET
Estimated value
$1,050,000
Commercial real estate
1301 6th St Council Bluffs, IA 51501-6474
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US25-0356238
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1998
Total area
14,700 SF
Lot
1.21 ac (52,708 SF)
Zoning code
I-2
APN
7544 36 381 001
UPID
US25-0356238
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
-
Palleton of Council Bluffs Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$843k
Blend (final)
Blend
$1.05M
Owner & transaction history
Carl Gene Investments LLC
Carl Gene Investments LLC
since 2025
Last sale
$1.2M
2 recorded transactions
Zoning & alternative use
I-2 · Council Bluffs, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Zoning. Off-premises signs may be placed on property zoned I-1, I-2 and I-3, subject to all other restrictions in this section. Spacing Unless otherwise provided, no off-premises sign shall be located within a seven hundred (700) foot radius of any other existing off-premises sign whether conforming or not. On-premises signs shall not be counted nor shall me…
Zone name
General Industrial District
General category
INDUSTRIAL
Zone area
4,150.44 ac
Top alternative use upside
Apartment house (5+ units)
$1.7M
+55.9%
Office building
$1.7M
+50.7%
Restaurant
$1.4M
+23.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Council Bluffs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Council Bluffs submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,095,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,705,000
Change: +56% · Conversion: Moderate
OFFICE BUILDING
$1,650,000
Change: +51% · Conversion: Easy
RESTAURANT
$1,355,000
Change: +24% · Conversion: Difficult
MEDICAL BUILDING
$1,235,000
Change: +13% · Conversion: Easy
AUTO REPAIR, GARAGE
$980,000
Change: -10% · Conversion: Difficult
WAREHOUSE, STORAGE
$975,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$1.05M
Range $945k – $1.16M · ±10% · vs last sale $1.15M (Jun 26 2025)
Last sale anchor
$1.15M
Jun 26 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$71 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$25,622
Tax year 2023
Assessed value
$734,500
Assessed 2024
Previous assessed
$734,500
+0.0% YoY
Effective rate
3.49%
On assessed value
Assessed land
$138,100
Assessed improvement
$596,400
Land market value
$138,100
Improvement market value
$596,400
Total market value
$734,500
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1998
Heating
ELECTRIC
Stories
1
Total area
14,700 SF
Lot
1.21 ac (52,708 SF)
Zoning code
I-2
APN
7544 36 381 001
UPID
US25-0356238
Jurisdiction
POTTAWATTAMIE
Zoning & alternative use
I-2 · Council Bluffs, IAZoning I-2 · permitted uses
I-2 · Council Bluffs, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Zoning. Off-premises signs may be placed on property zoned I-1, I-2 and I-3, subject to all other restrictions in this section. Spacing Unless otherwise provided, no off-premises sign shall be located within a seven hundred (700) foot radius of any other existing off-premises sign whether conforming or not. On-premises signs shall not be counted nor shall measurements be taken from them for the purpose of determining compliance with the off-premises spacing requirements. No more than one off-premises sign may be erected at any one sign location, each sign may have not more than two sign faces, provided that: The sign faces are oriented in opposite directions; and The maximum perpendicular distance between parallel sign faces is five feet; or Nonparallel sign faces must be connected at one point and must have an angle of separation no greater than thirty (30) degrees. Surrounding Uses
Zone name
General Industrial District
General category
INDUSTRIAL
Zone area
4,150.44 ac
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.7M
RESTAURANT
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$980,000
WAREHOUSE, STORAGE
Est. value
$975,000
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1998
Heating
ELECTRIC
Stories
1
Lot
1.21 ac
Current owner
From public records · entity-resolved
Carl Gene Investments LLC
Entity
Mailing address
1504 VINTON ST, OMAHA, NE 68108-1504
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 26, 2025
$1,150,000
Carl Gene Investments LLC
Oakland-council Bluffs Limited Liab
Warranty Deed
$1,100,000 · Strongco Holdings LLC
Nov 17, 2011
$443,250
Oakland Council Bluffs LLC
Council Bluffs Pallets INC
Warranty Deed
$405,000 · Bank Of The West
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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