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Property profile & analytics
OFF-MARKET
Estimated value
$1,650,000
Medical Office Space
3265 24th St Council Bluffs, IA 51501-6901
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0392847
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2009
Total area
3,504 SF
Lot
0.55 ac (23,958 SF)
Zoning code
P-C
APN
7444 11 151 001
UPID
US25-0392847
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
-
Omaha & Council Bluffs Oral Surgery Dental Office
-
Dr. Thomas Elias Dental Office
-
Dr. Federico Castillo Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.52M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.65M
Owner & transaction history
Virginia Avenue Properties LLC · 5 yrs held
Virginia Avenue Properties LLC
since 2021
Last sale
$1.9M
6 recorded transactions
Zoning & alternative use
P-C · 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
Method
Estimation
Statistic approach
$1,360,000
ML approach
$1,520,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.65M
Range $1.49M – $1.82M · ±10% · vs last sale $1.86M (Jul 15 2021)
Last sale anchor
$1.86M
Jul 15 2021
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
$471 / 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
$31,065
Tax year 2023
Assessed value
$997,100
Assessed 2024
Previous assessed
$997,100
+0.0% YoY
Effective rate
3.12%
On assessed value
Assessed land
$285,000
Assessed improvement
$712,100
Land market value
$285,000
Improvement market value
$712,100
Total market value
$997,100
Applied tax rate
2.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2009
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
3,504 SF
Lot
0.55 ac (23,958 SF)
Zoning code
P-C
APN
7444 11 151 001
UPID
US25-0392847
Jurisdiction
POTTAWATTAMIE
Zoning & alternative use
P-C · Council Bluffs, IA
Zoning P-C · permitted uses
P-C · 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
2009
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.55 ac
Current owner
From public records · entity-resolved
Virginia Avenue Properties LLC
Entity
Mailing address
1235 N 96TH ST, LINCOLN, NE 68505-3109
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 10, 2022
—
Virginia Avenue Properties LLC
—
Deed
related
$270,000 · Lincoln Federal Savings Bank Of Nebraska
Aug 4, 2022
—
Virginia Avenue Properties LLC
—
Deed
related
$1,460,000 · Lincoln Federal Savings Bank Of Nebraska
Jul 15, 2021
$1,858,000
Virginia Avenue Properties LLC
South 24 LLC
Special Warranty Deed
$1,486,086 · Charter West Bank
Jun 21, 2019
$500,000
South 24 LLC
Vbc INC
Warranty Deed
—
Jul 11, 2012
$697,000
Vbc Marketplace
River Crossing LLC
Grant Deed
—
—
—
Vbc Marketplace LLP
—
Deed Of Trust
related
$975,000 · Homefed Bank
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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