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    Property profile & analytics

    1600 Mcpherson Ave Council Bluffs, IA 51503-4858

    • Warehouses
    • 56,878 SF
    • 5.52 lot acres
    OFF-MARKET
    Value Estimation
    $3,540,000
    Last Sale
    Jul 19, 2022
    $3,979,000
    Location Intelligence
    Property ID
    US25-0398641
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Beverly Patterson, PTA / Physical Therapy Clinic / Massage Therapist
    • Denise M. Collins, OTR / Occupational Therapist
    • Anna Shields, PTA / Physical Therapist
    • Brenda Sennett / Occupational Therapist
    • Teresa Nelson / Occupational Therapist

    Property Details for 1600 Mcpherson Ave

    Year built
    1970
    Lot size
    5.52 lot acres
    Property size
    56,878 SF
    Zone code
    C-2
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    7543 29 376 004
    APU
    754329376004

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,460,000

    • CAP approach

      CAP return
      Estimation
      6%
      $4,375,000
      6.5%
      $3,995,000
      7%
      $3,830,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,890,000
      Geo Method
      $3,430,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,735,000
      Retail
      $3,655,000
      Mixed-Use
      $4,575,000
      Hospitality
      $3,965,000
      Educational
      $4,395,000
      Residential Income
      $3,425,000
      Energy
      $4,100,000
      Income-Based Land
      $3,435,000
      Food Service
      $4,110,000

    Location Insight

    • Map
    • Local Demand
    City
    Council Bluffs
    County
    Pottawattamie
    State
    Iowa
    Longitude
    -95.8157
    Latitude
    41.2618
    CBSA code
    36540
    CBSA name
    OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $103,144
    $213,000
    $2,523,700
    $2,736,700
    -
    $213,000
    $2,523,700
    $2,736,700

    Comparable in this City

    • Value Estimation
      $365,000
      9,060 SF

      20497 Mcpherson Ave

      MINI-WAREHOUSE, STORAGE • 9,060 SF
      20497 Mcpherson Ave, Council Bluffs, IA 51503-5829
      View Details
    • Value Estimation by Request
      864 SF

      1911 Rue St

      MINI-WAREHOUSE, STORAGE • 864 SF
      1911 Rue St, Council Bluffs, IA 51503-7890
      View Details
    • Value Estimation
      $4,290,000
      8.20 Acres

      1170 Railroad Hwy

      MINI-WAREHOUSE, STORAGE • 8.20 Acres
      1170 Railroad Hwy, Council Bluffs, IA 51503-6412
      View Details
    • Value Estimation
      $365,000
      14,876 SF

      2535 Perry Rd

      MINI-WAREHOUSE, STORAGE • 14,876 SF
      2535 Perry Rd, Council Bluffs, IA 51503
      View Details
    • Value Estimation
      $475,000
      1.03 Acres

      Council Bluffs, IA 51503

      MINI-WAREHOUSE, STORAGE • 1.03 Acres
      Council Bluffs, IA 51503
      View Details
    • Value Estimation by Request
      147.97 Acres

      10420 Bunge Ave

      WAREHOUSE, STORAGE • 147.97 Acres
      10420 Bunge Ave, Council Bluffs, IA 51503-6544
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
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      Lease opportunity: retail/office space with potential drive-thru.
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    Council Bluffs, IA 51503-4858
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    Realmo Value Estimation

    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.

    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.

    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
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