Multi-Tenant Retail
New
For Sale
$2,500,000
8705 Chambery Blvd, Johnston, IA 50131
A vacant owner-user suite and neighboring bay offer flexible occupancy alongside an existing restaurant tenancy.
Property Size9,650 SF
Price / SF$259.07
Days on Market1
Property Features for 8705 Chambery Blvd
General Information
Standard status
Active
Size
9,650 SF
Property subtype
Retail
Site & Location
Anchor Co-Tenants
Roots 95
Highway Access
Yes
Road Access
Yes
Additional Details
Tenant in Place
Yes
Building Details
Building Size
9,650 SF
Year Built
2014
Tenancy
Multi
Listing Agency:
NAI Iowa Realty Commercial - Des Moines
Listed By:
Jerry Marckres · License #S65891000
(515) 491-7575
Source:
Iowacommercial
Added: Oct 23
Last Checked: Oct 23 at 3:44PM
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 NAI Iowa Realty Commercial - Des Moines
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Investment Insights
Based on property information with market context.
Built in 2014, this 9,650-square-foot retail center combines an owner-user opportunity with leased space. The 5,331-square-foot suite will be vacant at sale, and an adjoining 1,400-square-foot bay is also available. Together, the two spaces provide up to 6,731 square feet of contiguous occupancy. The remaining 2,906 square feet is occupied by Roots 95 under an NNN lease through December 31, 2033, with two renewal options.
The property has access to 86th Street and the I-35/80 interchange. A surrounding surface parking area serves the center. The owner-user suite may be divided into smaller bays or joined to the adjacent vacant bay.
The property has access to 86th Street and the I-35/80 interchange. A surrounding surface parking area serves the center. The owner-user suite may be divided into smaller bays or joined to the adjacent vacant bay.
Key Highlights
- 9,650 SF multi‑tenant retail center built in 2014
- 5,331 SF owner‑user suite to be vacant at sale
- Adjacent 1,400 SF vacant bay; combined contiguous space totals up to 6,731 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,004
Cap Rate
3.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,780,080
$1.8M
Cap Rate 7%
$1,271,486
$1.3M
Cap Rate 9%
$988,933
$988.9K
Market Conditions
NOI Build-Up for 9,650 SF
Gross rent
$139.0K $14.40/SF
− Vacancy
−$11.8K −$1.22/SF
EGI
$127.1K $13.18/SF
− OpEx
−$38.1K −$3.95/SF
NOI
$89.0K $9.22/SF
Area
Polk County, IA
Vacancy
8.50%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,780,080
Cap Rate 7%
$1,271,486
Cap Rate 9%
$988,933
Alternative Uses
Best Use
Retail
$1.27M
$1.11M – $1.48M
NOI $89,004 @ 7.0% cap · market cap 3.56%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$9.29M
$8.13M – $10.84M
NOI $650,256 @ 7.0% cap · market cap 26.01%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
609
Businesses Nearby
42k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 82%
Shops & Services 18%
McDonald's
Dining
14,648 visits/mo
0.2 miles
Pancheros Mexican Grill
Dining
10,518 visits/mo
0.4 miles
Dunkin' Donuts
Dining
6,965 visits/mo
0.3 miles
The UPS Store
Shops & Services
5,212 visits/mo
0.1 miles
Tropical Smoothie Cafe
Dining
2,720 visits/mo
0.3 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- WESTFIELD PLAZA — 8805 Chambery Blvd, Johnston, IA 50131
Frequently Asked Questions
What type of property is this?
Shopping center - A vacant owner-user suite and neighboring bay offer flexible occupancy alongside an existing restaurant tenancy.
Where is this shopping center located?
The property is located at 8705 Chambery Blvd Johnston, IA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 9,650 SF multi‑tenant retail center built in 2014; 5,331 SF owner‑user suite to be vacant at sale; Adjacent 1,400 SF vacant bay; combined contiguous space totals up to 6,731 SF
