Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    NW 100th St & SE 35th St Johnston, IA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail building with drive-through and patio capabilities for rent.

    Type:RETAIL
    Property size:
    3,000 SF
    Lot size:
    26.69 Acres
    Added:
    Mar 3, 2025
    Days on Market:
    423
    Last Refresh:
    Apr 5 at 8:51 pm

    Property Features for NW 100th St & SE 35th St

    General Information

    Standard status
    Active
    Size
    3,000 SF
    Lot size
    26.69 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at NW 100th St & SE 35th St Contact us

    We can help!

    Listing Contact
    Tim Wirta

    Listing agent Tim Wirta

    Listing office Terrus Real Estate Group

    Listing date Mar 3, 2025

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Terrus Real Estate Group

    Overview

    3,000 SF Retail Building

    This 3,000 SF retail building offers drive-through and patio capabilities. It features excellent access to Interstate 80/35 and is adjacent to a major ambulatory surgery center. Situated in a high-growth area of the Des Moines Metro, the property is zoned C2 and is an ideal location for a coffee shop or restaurant.
    Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Map

    City
    Johnston
    County
    Polk
    State
    Iowa
    Longitude
    -93.7058
    Latitude
    41.6714

    Nearby Similar for Lease

    • $11 SF/Yr

      Office/Flex/Lab Space Sublease

      5,856 SF office/flex/lab space for sublease, immediate availability.
      5501 NW Beaver Drive, Johnston, IA 50131
      View Details
    • Sponsored
      Contact for pricing

      Foxboro Square

      6165 And, Unit 2ND, Johnston, IA 50131
      View Details
    • $22 SF/Yr

      Johnston Office or Retail Space

      Office or retail space in Johnston near professional offices.
      5705 Northwest 100th Street, Johnston, IA, 50131
      View Details
    • Contact for pricing

      Northpark Building Office Space

      Office space available for lease in Johnston, Iowa.
      9201 Northpark Dr, Johnston, IA 50131
      View Details
    • Contact for pricing

      Johnston Office Space For Lease

      Medical/Professional office space available in Johnston, Iowa.
      6105 Northwest 86th Street, Johnston, IA, 50131
      View Details
    • $14 SF/Yr

      Johnston Warehouse with Office Space

      Warehouse with showroom/office space, drive-in doors, and outdoor storage.
      5820 NW Beaver Dr, Johnston, IA
      View Details
    • $15 SF/Yr

      Restaurant Space Available For Rent

      Second generation restaurant space with existing kitchen equipment.
      5955 Merle Hay Rd, Johnston, IA
      View Details
    • $14 SF/Yr

      Retail Space on Merle Hay

      Turnkey retail space with high visibility and ample parking.
      5800 Merle Hay Rd, Johnston, IA
      View Details
    • $4 SF/Yr

      Johnston Warehouse with Fenced Parking

      118,000 SF warehouse with 1 acre fenced parking.
      6600 Merle Hay Rd, Johnston, IA
      View Details
    • $14 SF/Yr

      Retail/Office Space Near I-80

      Highly visible retail/office building, 1/2 mile from I-80.
      5525 Merle Hay Rd, Johnston, IA
      View Details
    • Contact for pricing

      New Retail Building in Johnston

      Modern retail space in high-growth Johnston corridor, available 2025.
      10200 NW 62nd Ave, Johnston, IA 50131
      View Details
    • $9 SF/Yr

      Johnston Office/Flex Space Available

      Prime office/flex space with drive-in access in Johnston, Iowa.
      8101 Birchwood Ct, Johnston, IA 50131
      View Details

    FAQs

    What type of property is this?
    Drive through restaurant - Retail building with drive-through and patio capabilities for rent.
    Where is this drive through restaurant located?
    The property is located at NW 100th St & SE 35th St Johnston, IA.
    What are key features of this property?
    This property features: Excellent access to Interstate 80/35; High growth area of the Des Moines Metro; 3,000 SF Retail Building
    (515) 314-7779 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Tim Wirta
    Learn More
    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

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