Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Northpark Building Office Space Title is generated by Realmo AI

    9201 Northpark Dr, Johnston, IA 50131

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Office space available for lease in Johnston, Iowa.

    Type:office
    Property size:
    3,500 SF
    Added:
    Apr 15, 2026
    Days on Market:
    47
    Last Refresh:
    Apr 14 at 8:17 pm

    Property Features for 9201 Northpark Dr

    General Information

    Standard status
    Active
    Size
    3,500 SF
    Property subtype
    office

    Spaces For Lease

    at 9201 Northpark Dr Contact us

    We can help!

    Listing Contact
    Marcus R. Pitts, CCIM, SIOR
    Marcus R. Pitts, CCIM, SIOR

    Listing agent Marcus R. Pitts, CCIM, SIOR License #B43999000

    Listing office Des Moines

    Listing date Apr 15, 2026

    Source Property.jll

    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 Des Moines

    HighLights

    • Office space available for lease
    • Located in the Northpark Bldg at 9201 Northpark Dr, Johnston, Iowa 50131
    • Available square footage: 3,500 SF
    • Office use

    Overview

    Office space is available for lease at the Northpark Building, located at 9201 Northpark Dr in Johnston, Iowa. The available space encompasses 3,500 square feet. For further details, please inquire for more information.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Johnston
    County
    Polk
    State
    Iowa
    Longitude
    -93.7441
    Latitude
    41.655255

    Nearby Similar for Lease

    • $14 SF/Yr
      10,988 SF

      Johnston Flex Space Available

      10,988 SF flex space for lease near Interstate 80.
      5145 NW Beaver Dr, Johnston, IA 50131
      View Details
    • Sponsored
      $129-$3,094/Mo
      11-1,292 SF

      Foxboro Square

      6165 And, Unit 2ND, Johnston, IA 50131
      View Details
    • $22 SF/Yr
      1,400 SF

      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
      4,259 SF

      Johnston Office Space For Lease

      Medical/Professional office space available in Johnston, Iowa.
      6105 Northwest 86th Street, Johnston, IA, 50131
      View Details
    • $15 SF/Yr
      4,437 SF

      Restaurant Space Available For Rent

      Second generation restaurant space with existing kitchen equipment.
      5955 Merle Hay Rd, Johnston, IA
      View Details
    • Contact for pricing
      10,988 SF

      Industrial Space Available For Lease

      Industrial space for lease near Interstate 80.
      5145 NW Beaver Dr, Johnston, IA 50131
      View Details
    • $16 SF/Yr
      1,496 SF

      Retail Space in Johnston, Iowa

      Retail space available in a busy Johnston shopping center.
      8655-8675 Northpark Ct, Johnston, IA
      View Details
    • $14 SF/Yr
      1,600 SF

      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
    • $4 SF/Yr
      118,000 SF

      Johnston Warehouse with Fenced Parking

      118,000 SF warehouse with 1 acre fenced parking.
      6600 Merle Hay Rd, Johnston, IA
      View Details
    • $9 SF/Yr
      21,278 SF

      Johnston Office/Flex Space Available

      Prime office/flex space with drive-in access in Johnston, Iowa.
      8101 Birchwood Ct, Johnston, IA 50131
      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
    • $46 SF/Yr

      Flexible Workspace in Johnston, Iowa

      Adaptable office spaces with global network and collaborative services.
      6165 N.W. 86th Street 1st and 2nd Floors, Johnston, IA 50131
      View Details

    FAQs

    What type of property is this?
    Office units - Office space available for lease in Johnston, Iowa.
    Where is this office units located?
    The property is located at 9201 Northpark Dr Johnston, IA.
    What are key features of this property?
    This property features: Office space available for lease; Located in the Northpark Bldg at 9201 Northpark Dr, Johnston, Iowa 50131; Available square footage: **3,500 SF**
    (515) 556-4727
    We can help!
    Listing Contact
    Marcus R. Pitts, CCIM, SIOR
    Marcus R. Pitts, CCIM, SIOR
    Real Estate License ID: B43999000
    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

    Thank You for Inquiry
    9201 Northpark Dr, 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!