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    3501 Broadway Council Bluffs, IA 51501-3266

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    3501 Broadway Council Bluffs, IA 51501-3266

    View on Map
    • Grocery and convenience stores
    • 6,586 SF
    • 2.50 lot acres
    Off-Market
    Last Sale Aug 31, 2022
    Property ID
    US25-0308726
    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
    $995,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • FedEx Drop Box / Shipping Company / Freight Service
    • Buy Bitcoin / Crypto Atm
    • bp / Car Wash
    • Casey's / Take-out & Catering
    • CDReload - Online Bitcoin ATM / Crypto Atm / Atm

    Property Details for 3501 Broadway

    Year built
    2007
    Lot size
    2.50 lot acres
    Property size
    6,586 SF
    Zone code
    C-2
    Property type
    Grocery and convenience stores
    APN
    7544 28 488 001
    APU
    754428488001

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,165,000
      6.5%
      $1,075,000
      7%
      $1,000,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $914,000
      Market price range: $357k - $933k

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $765,000
      OFFICE BUILDING
      $740,000
      RESTAURANT
      $605,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Council Bluffs
    County
    Pottawattamie
    State
    Iowa
    Longitude
    -95.9027
    Latitude
    41.2613
    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
    $96,820
    $975,000
    $1,598,400
    $2,573,400
    -
    $975,000
    $1,598,400
    $2,573,400

    Comparable in this City

    • Value Estimation
      $585,000
      3,830 SF

      510 23rd Ave

      CONVENIENCE STORE • 3,830 SF
      510 23rd Ave, Council Bluffs, IA 51501-7362
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    • Value Estimation
      $645,000
      5,640 SF

      7 16th St

      CONVENIENCE STORE • 5,640 SF
      7 16th St, Council Bluffs, IA 51501-2502
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    • Value Estimation by Request
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      3434 Nebraska Ave

      CONVENIENCE STORE • 6,282 SF
      3434 Nebraska Ave, Council Bluffs, IA 51501-7042
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    • Value Estimation by Request
      2,577 SF

      3624 9th Ave

      CONVENIENCE STORE • 2,577 SF
      3624 9th Ave, Council Bluffs, IA 51501-5632
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    • Value Estimation by Request
      2,646 SF

      3632 Ave G G

      CONVENIENCE STORE • 2,646 SF
      3632 Ave G G, Council Bluffs, IA 51501-1838
      View Details
    • Value Estimation by Request
      3,840 SF

      1535 Ave G G

      GROCERY, SUPERMARKET • 3,840 SF
      1535 Ave G G, Council Bluffs, IA 51501-2516
      View Details

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      Established Trailer Repair Business For Sale

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      Prime Land For Sale

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    Similar Nearby for Lease

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      Retail Space on West Broadway

      Retail space with parking and signage on West Broadway.
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      Council Bluffs Retail Spaces Available

      Retail suites available for lease in Council Bluffs, Iowa.
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    • $8 SF/Yr
      18,880 SF

      Retail Space with Ample Parking

      Retail space for rent with great signage and parking.
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      Retail Space For Rent

      Retail space available for rent, approximately 1,200 square feet.
      3030 W Broadway, Council Bluffs, IA 51501
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      Council Bluffs Commercial Space Available

      Commercial space for rent in Council Bluffs, Iowa.
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      Retail Space in Power Center

      Retail space in a major power center available for rent.
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    Property Visit Statistics

    • Visits by month
      49.6k
    • Visitors by month
      30.3k
    • Avg Time on site
      7 min
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    Council Bluffs, IA 51501-3266
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    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
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