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Property profile & analytics
OFF-MARKET
Office buildings
16 15th St Council Bluffs, IA 51501-3919
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-2486004
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1976
Total area
10,349 SF
Lot
0.26 ac (11,326 SF)
Zoning code
C-2
APN
7544 26 464 003
UPID
US25-2486004
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
-
Red Wheel Fundraising Food Processing Plant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Eric D Corrili JR · 2 yrs held
Eric D Corrili JR
since 2024
7 recorded transactions
Zoning & alternative use
C-2 · Council Bluffs, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$12,720
Tax year 2023
Assessed value
$220,400
Assessed 2024
Previous assessed
$401,300
-45.1% YoY
Effective rate
5.77%
On assessed value
Assessed land
$34,200
Assessed improvement
$186,200
Land market value
$34,200
Improvement market value
$186,200
Total market value
$220,400
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1976
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
10,349 SF
Lot
0.26 ac (11,326 SF)
Zoning code
C-2
APN
7544 26 464 003
UPID
US25-2486004
Jurisdiction
POTTAWATTAMIE
Zoning & alternative use
C-2 · Council Bluffs, IA
Zoning C-2 · permitted uses
C-2 · Council Bluffs, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Council Bluffs. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1976
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
Eric D Corrili JR
Individual
Mailing address
310 MARINA CT, CARTER LAKE, IA 51510
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2024
$165,000
Eric D Corrili JR
Value Foods LLC
Warranty Deed
—
Nov 5, 2013
—
Value Foods LLC
Rwfr INC
Quit Claim Deed
related
—
Mar 17, 2009
—
Red Wheel Fundraising
—
Trustees Deed
related
$535,000 · Mutual Of Omaha Bank
Apr 13, 2005
$250,000
Rwfr INC
Three R INC
Warranty Deed
related
$5,263,000 · Reineke's INC
Apr 13, 2005
—
Three R INC
Reineke,raymond J & Janice K
Warranty Deed
related
—
—
—
Red Wheel Fundraising
—
Deed Of Trust
related
$635,000 · Mutual Of Omaha Bank
—
—
Rwfr INC
—
Deed Of Trust
related
$922,250 · American National Bank & Trust
—
—
Value Foods LLC
—
Deed Of Trust
related
$176,832 · Mutual Of Omaha Bank
—
—
Rwfr INC
—
Deed Of Trust
related
$512,704 · American National Bank & Trust
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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