Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    19344 Portland St Council Bluffs, IA 51503-6806
    Back to Search
    Property profile & analytics

    19344 Portland St, Council Bluffs, IA 51503-6806

    View on Map
    • Retail space
    • 1.11 lot acres
    Off-Market
    Last Sale Mar 18, 2022
    $169,000
    Property ID
    US25-2479232
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 19344 Portland St

    Year built
    2021
    Lot size
    1.11 lot acres
    Zone code
    I-1
    Property type
    Retail space
    APN
    7443 17 178 003
    APU
    744317178003

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 18, 2022 $169,000 P5 Properties LLC Armstrong Investments LLC Warranty Deed $960k · Access Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Council Bluffs
    County
    Pottawattamie
    State
    Iowa
    Longitude
    -95.8162
    Latitude
    41.2135
    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
    $370
    $111,000
    $726,900
    $837,900
    -
    $111,000
    $726,900
    $837,900

    Comparable in this City

    • Value Estimation by Request
      1.49 Acres

      1851 Madison Ave, Unit 2

      RETAIL STORES (PERSONAL SERVICES)
      1851 Madison Ave, Council Bluffs, IA 51503-3605
      View Details
    • Value Estimation by Request
      2.62 Acres

      1227 Main St

      RETAIL STORES (PERSONAL SERVICES)
      1227 Main St, Council Bluffs, IA 51503-6554
      View Details
    • Value Estimation
      $2,045,000
      25,000 SF

      928 Vly Vw Dr

      RETAIL STORES (PERSONAL SERVICES)
      928 Vly Vw Dr, Council Bluffs, IA 51503-5275
      View Details
    • Value Estimation by Request

      Council Bluffs, IA 51503

      RETAIL STORES (PERSONAL SERVICES)
      Council Bluffs, IA 51503
      View Details
    • Value Estimation by Request
      3,882 SF

      200 16th Ave

      RETAIL STORES (PERSONAL SERVICES)
      200 16th Ave, Council Bluffs, IA 51503-6830
      View Details
    • Value Estimation
      $1,075,000
      13,137 SF

      545 Washington Ave

      RETAIL STORES (PERSONAL SERVICES)
      545 Washington Ave, Council Bluffs, IA 51503-0216
      View Details

    Similar Nearby for Sale

    • $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
    • Contact for pricing
      7,596 SF

      Downtown Brick Retail/Office Building

      Well-maintained 7,596 SF retail/office building in downtown location.
      533 S Main St, 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
    • Contact for pricing
      35,002 SF

      Multi-Tenant Commercial Building with Upside

      35,002 SF multi-tenant building with income and growth potential.
      7 S 4Th St, Council Bluffs, IA 51503
      View Details
    • $185,000
      1.84 Acres

      Vacant Land in Council Bluffs

      1.84 acre building site with new well.
      11704 240Th St, Council Bluffs, IA 51503
      View Details
    • $400,000
      8.00 Acres

      Council Bluffs Commercial/Industrial Land

      8 acre commercial/industrial lot with excellent access to interstates.
      17850 Bunge Ave, Council Bluffs, IA 51503
      View Details

    Similar Nearby for Lease

    • New
      Contact for pricing

      Retail Strip Center Space

      Available retail space in Sherwood Plaza with ample parking and convenient access along a major Council Bluffs corridor.
      2731 East Kanesville Blvd, Council Bluffs, IA 51503
      View Details
    • Contact for pricing
      478,400 SF

      Council Bluffs Distribution Warehouse

      478,400 square foot warehouse with ample parking.
      E Kainesville Blvd & Hunt Ave, Council Bluffs, IA 51503
      View Details
    • Contact for pricing

      Downtown Council Bluffs Office Suite

      Professional office suite in downtown Council Bluffs with ample parking.
      600 S 4Th St, 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
    • 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.
    19344 Portland St
    Council Bluffs, IA 51503-6806
    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

    Thank You for Inquiry
    19344 Portland St, Council Bluffs, IA, 51503
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!