Medical Office with
For Sale
$950,000
6105 Nw 86th St, Johnston, IA 50131
Exam rooms with sinks and cabinetry complement private offices and reception areas.
Property Size4,259 SF
Price / SF$223.06
Days on Market11
Property Features for 6105 Nw 86th St
General Information
Standard status
Active
Size
4,259 SF
Property subtype
Commercial
Building Details
Year Built
1998
Listing Agency:
Space Simply
Listed By:
Neil Timmins (515) 556-9674
(515) 556-9674
Source:
Centraliowahomesearch
Added: Oct 23
Changed: Nov 1
Last Checked: Nov 1 at 4:05PM
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 Space Simply
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Investment Insights
Based on property information with market context.
This single-story medical office building contains 4,259 square feet on a 1.937-acre parcel. Its interior includes reception and waiting areas, private offices, exam and treatment rooms with sinks and cabinetry, workrooms, and two restrooms. A covered drive-through is equipped with two windows. The building dates to 1998 and has approximately 50 parking spaces and building signage.
The property occupies the corner of NW 86th Street and NW 62nd Avenue in Johnston. Reported traffic on NW 86th Street is approximately 15,576 cars per day. Nearby businesses include John Deere Financial, Corteva Agriscience, and Regus. The property is zoned PUD; intended uses should be confirmed with the City of Johnston.
The property occupies the corner of NW 86th Street and NW 62nd Avenue in Johnston. Reported traffic on NW 86th Street is approximately 15,576 cars per day. Nearby businesses include John Deere Financial, Corteva Agriscience, and Regus. The property is zoned PUD; intended uses should be confirmed with the City of Johnston.
Key Highlights
- 4,259‑square‑foot, single‑story medical office building
- 1.937‑acre site at NW 86th Street and NW 62nd Avenue
- Covered drive‑through with two drive‑up windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,117
Cap Rate
5.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,122,340
$1.1M
Cap Rate 7%
$801,671
$801.7K
Cap Rate 9%
$623,522
$623.5K
Market Conditions
NOI Build-Up for 4,259 SF
Gross rent
$93.5K $21.96/SF
− Vacancy
−$18.7K −$4.39/SF
EGI
$74.8K $17.57/SF
− OpEx
−$18.7K −$4.39/SF
NOI
$56.1K $13.18/SF
Area
Polk County, IA
Vacancy
20.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,122,340
Cap Rate 7%
$801,671
Cap Rate 9%
$623,522
Alternative Uses
Best Use
Office B
$801.7K
$701.5K – $935.3K
NOI $56,117 @ 7.0% cap · market cap 5.91%
Second Best
Specialty Retail
$776.2K
$679.2K – $905.6K
NOI $54,334 @ 7.0% cap · market cap 5.72%
Theoretical Best
Flex RnD
$4.10M
$3.59M – $4.78M
NOI $286,989 @ 7.0% cap · market cap 30.21%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
322
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 50131, IA
24,434
Population
9,975
Households
2.4
Avg Household Size
37
Median Age
58%
College-Educated
97%
High-School Grad
23.7 sq mi
ZIP Area
1,031
Density / Sq Mi
$103,316
Median Household Income
$61,532
Median Earnings
$1,284
Median Rent
$347,100
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Exam rooms with sinks and cabinetry complement private offices and reception areas.
Where is this medical office space located?
The property is located at 6105 Nw 86th St Johnston, IA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 4,259‑square‑foot, single‑story medical office building; 1.937‑acre site at NW 86th Street and NW 62nd Avenue; Covered drive‑through with two drive‑up windows
