Property profile

506 Main St Council Bluffs, IA 51503

OFF-MARKET
Retail space
Property ID
US25-2563441
0.04 ac lot Built 1900
Entity Owned 3-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1900
Lot 0.04 ac (1,742 SF)
Zoning code C-3
APN 7544 36 179 003
UPID US25-2563441

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Apartment Complex
  • Law Firm

Location

506 Main St Council Bluffs, IA 51503-6507
Council Bluffs metro Census 30900 OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$315k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$305k

Owner & transaction history

since 2023
Last sale
$350,000
7 recorded transactions
2023
$350,000
2020
$255,000
2006
$150,000
2005
$49,500
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C-3 · Council Bluffs, IA
Zoning description

The C-3 district is intended to accommodate office, retail and related activities in the traditional commercial center of the city as well as other appropriate commercial sites. (Ord. 5469 § 1 (part), 1999) 15.16.020 Pri…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 506 Main St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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