Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Residential Lot in Johnston Development Title is generated by Realmo AI

    9021 Timberwood Drive, Johnston, IA 50131

    View on Map
    Claim this Listing
    For Sale
    $125,000

    LAND - Johnston, IA

    Lot size:
    0.23 Acres
    Added:
    Apr 23, 2025
    Days on Market:
    404
    Last Refresh:
    May 31 at 10:06 am

    Property Features for 9021 Timberwood Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R
    Standard status
    Active
    Lot size
    0.23 Acres

    Taxes and HOA fees

    Tax Description
    Lot 4, Greenwood Haven Plat 1
    Tax Annual Amount
    1

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Chrissi Ripperger

    Listing agent Chrissi Ripperger

    Listing office RE/MAX Concepts 2940 Grand Prairie Pkwy Ste. 200, IA

    Listing date Apr 23, 2025

    MLS# 716423 Listing URL

    Copyright © 2026 Des Moines Area Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 0.27 acre walkout lot backing to trees with a flat backyard.
    • Located in Greenwood Haven, Johnston's newest residential development.
    • Prime location west of 86th St, close to schools, restaurants, and amenities.
    • Access to Johnston's city‑wide trail system.
    • Located in a mature neighborhood on a quiet culdesac.
    • Anticipated to be ready to build Spring 2025.

    Overview

    This 0.23 acre lot is located in the Greenwood Haven residential development in Johnston, Iowa. The property is positioned west of 86th Street, between NW 54th Avenue and Windsor Drive. It is part of a mature neighborhood near schools, restaurants, and other community amenities. The development offers access to Johnston's city-wide trail system. The lot is anticipated to be ready for building in Spring 2025.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Johnston
    County
    Polk
    State
    Iowa
    Longitude
    -93.742808
    Latitude
    41.664577

    Nearby Similar for Sale

    • $249,900
      1,092 SF

      Ranch Twin Home in Johnston

      Well-maintained twin home with finished basement and fenced yard.
      5949 NW 50th Street, Johnston, IA 50131
      View Details
    • $199,900

      Residential Land in Johnston, Iowa

      Corner lot for architecturally stunning home in RidgeView development.
      11865 Meadow Springs Drive, Johnston, IA 50131
      View Details
    • $195,000

      Quarter Acre Residential Lot

      Residential lot in Johnston's newest development, ready Spring 2025.
      9016 Timberwood Drive, Johnston, IA 50131
      View Details
    • $145,000

      Residential Land in Johnston, Iowa

      Land for sale in a new, scenic residential community.
      2 NW 88th Street, Johnston, IA 50131
      View Details
    • $130,000

      Residential Land in Wooded Point

      Land in a new community with space, nature, and convenience.
      1 NW 88th Street, Johnston, IA 50131
      View Details
    • $145,000

      Residential Land in Wooded Setting

      Residential land for sale in a scenic, convenient Johnston location.
      3 NW 88th Street, Johnston, IA 50131
      View Details
    • $225,000

      Residential Land with Lake Views

      Desirable walk-out lot with lake views in Johnston, Iowa.
      6255 Pinnacle Place, Johnston, IA 50131
      View Details
    • $225,000

      Corner Lot in Johnston, Iowa

      0.944 acre corner lot backing to ravine with mature timber.
      6269 Enclave Lane, Johnston, IA 50131
      View Details
    • $175,000

      Residential Land with City Views

      Desirable 0.821-acre lot in Johnston School District with city views.
      6254 Pinnacle Place, Johnston, IA 50131
      View Details
    • $2,314,000

      Commercial Land in Johnston, Iowa

      Two adjoining parcels with commercial options in Johnston, Iowa.
      8605 Valley Parkway, Johnston, IA 50131
      View Details
    • $175,000

      Corner Lot with Lake Views

      Residential land in Johnston, IA, with lake views and wooded ravine.
      6268 Enclave Lane, Johnston, IA 50131
      View Details
    • $199,800

      Residential Land in Johnston, Iowa

      Two lots for twin home build near amenities and I-35.
      6605 River Bend Drive, Johnston, IA 50131
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 0.23 acre lot in a mature Johnston neighborhood.
    Where is this residential land & home lot located?
    The property is located at 9021 Timberwood Drive Johnston, IA.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: 0.27 acre walkout lot backing to trees with a flat backyard.; Located in Greenwood Haven, Johnston's newest residential development.; Prime location west of 86th St, close to schools, restaurants, and amenities.
    (515) 276-2872
    We can help!
    Listing Contact
    Chrissi Ripperger
    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.
    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
    9021 Timberwood Drive, Johnston, IA 50131
    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!