Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    421 E Broadway Council Bluffs, IA 51503

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    421 E Broadway Council Bluffs, IA 51503

    View on Map
    • Office buildings
    • 1,885 SF
    • 0.19 lot acres
    For Lease
    $1,200/Mo
    View Listing →
    Council Bluffs Commercial Space For Lease
    $1,200/Mo
    700 SF

    Council Bluffs Commercial Space

    700 SF commercial space on high-visibility corridor.

    421 E BROADWAY, Council Bluffs, IA 51503
    View Listing
    Property ID
    US25-2573973
    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

    • Kolln II Lonny L / Law Firm
    • Melcher Larry-Attorney At Law / Law Firm / Financial Advisor
    • Rankin Lee M / Law Firm
    • Pechacek Jr Frank W / Law Firm
    • Willson & Pechacek PLC: Pechacek, Jr. Frank W. / Law Firm

    Property Details for 421 E Broadway

    Year built
    1955
    Lot size
    0.19 lot acres
    Property size
    1,885 SF
    Zone code
    C-3
    Property type
    Office buildings
    APN
    7543 30 302 004
    APU
    754330302004

    Description

    This exceptional office space in the heart of Council Bluffs, Iowa, presents a unique opportunity for businesses seeking a prestigious address. Located at 421 W Broadway, this five-story building offers a blend of executive and traditional office suites within a professional environment. The building boasts a desirable tenant mix, including established businesses like US Bank and Pechacek Law, creating a thriving and reputable business community. Individual suites range from a minimum of 874 square feet to a maximum contiguous space of 1,920 square feet, providing flexibility for businesses of various sizes. Currently, one space is available for lease, offering a chance to establish a presence in this vibrant downtown location. The building's central location provides convenient access to local amenities and major transportation routes, making it an ideal choice for startups, small businesses, or those seeking to relocate. The ownership is committed to offering flexible lease terms to accommodate individual business needs. This property in Pottawattamie County, Iowa, zip code 51503, offers a compelling combination of location, amenities, and adaptable lease options. Contact us today to learn more about this exciting opportunity.

    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
    -95.8407
    Latitude
    41.265
    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
    $5,810
    $82,400
    $140,400
    $222,800
    -
    $82,400
    $140,400
    $222,800

    Comparable in this City

    • Value Estimation by Request
      2.70 Acres

      3434 Harry Langdon Blvd

      OFFICE BUILDING • 2.70 Acres
      3434 Harry Langdon Blvd, Council Bluffs, IA 51503-8637
      View Details
    • Value Estimation by Request
      60.00 Acres

      18452 Applewood Rd

      OFFICE BUILDING • 60.00 Acres
      18452 Applewood Rd, Council Bluffs, IA 51503-7302
      View Details
    • Value Estimation by Request
      1,988 SF

      2115 Mcpherson Ave

      OFFICE BUILDING • 1,988 SF
      2115 Mcpherson Ave, Council Bluffs, IA 51503-4980
      View Details
    • Value Estimation by Request
      18.00 Acres

      24997 Hwy 92

      OFFICE BUILDING • 18.00 Acres
      24997 Hwy 92, Council Bluffs, IA 51503-5747
      View Details
    • Value Estimation by Request
      1.23 Acres

      1512 Main St

      OFFICE BUILDING • 1.23 Acres
      1512 Main St, Council Bluffs, IA 51503-6578
      View Details
    • Value Estimation by Request
      2,160 SF

      619 Main St

      OFFICE BUILDING • 2,160 SF
      619 Main St, Council Bluffs, IA 51503-0911
      View Details

    Similar Nearby for Sale

    • 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
    • $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
    • $315,000

      Updated Tri-Plex Investment Opportunity

      Fully updated tri-plex with modern finishes and versatile unit mix.
      541 Mill St, Council Bluffs, IA 51503
      View Details
    • Contact for pricing
      63,097 SF

      Historic Senior Living Community

      36-unit independent senior living community in Council Bluffs, Iowa.
      25 Linden Ave S, Council Bluffs, IA 51503
      View Details
    • $380,000
      2,880 SF

      Council Bluffs Turnkey Commercial Property

      Turnkey bar with ample parking and great road frontage.
      2701 Harry Langdon Blvd, Council Bluffs, IA 51503
      View Details
    • New
      $59,900

      Residential Land in Council Bluffs

      Ideal lot for a walkout layout in a beautiful neighborhood.
      Grandfield Est, Council Bluffs, IA 51503
      View Details

    Similar Nearby for Lease

    • 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

      Downtown Council Bluffs Office Space

      Small office space for lease in a professional downtown building.
      421 W Broadway, Council Bluffs, IA 51503
      View Details
    • $12 SF/Yr
      428 SF

      Downtown Council Bluffs Office Space

      Small office space in a professionally maintained downtown location.
      421 West Broadway, Council Bluffs, IA 51503
      View Details
    • $14 SF/Yr
      10,000 SF

      Retail/Office Space with Drive-Thru

      Lease opportunity: retail/office space with potential drive-thru.
      928 Valley View Dr, Council Bluffs, IA 51503
      View Details
    • $1,200 /Mo
      700 SF

      Council Bluffs Commercial Space

      700 SF commercial space on high-visibility corridor.
      421 E Broadway, Council Bluffs, IA 51503
      View Details
    • $13 SF/Yr
      20,250 SF

      New Industrial Building Available Soon

      20,250 SF industrial building with drive-thru doors, delivery Q1 2026.
      51503 Usa, Council Bluffs, IA 51503
      View Details
    View Listing
    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.
    421 E Broadway
    Council Bluffs, IA 51503
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!