Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5440 86Th St Johnston, IA 50131

    Sponsored
    For Lease
    Contact for pricing

    High-traffic grocery store space, prime Johnston location.

    Lot size:
    67,051 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    415
    This exceptional retail opportunity presents a 67,051-square-foot single-tenant space, formerly occupied by a Price Chopper grocery store. Located at 5440 NW 86th St, Johnston, IA 50131, this property sits on an 8-acre lot in Polk County and enjoys a highly visible corner location at the intersection of 86th Street and NW 54th Avenue. The building, which underwent renovations in 2000, is zoned C-2, offering flexibility for a variety of retail uses. The entire space is currently vacant, providing a blank canvas for a new tenant to customize. Its strategic location offers unparalleled accessibility, being just blocks from the I-35/80 interchange, ensuring convenient access for customers throughout the Des Moines metropolitan area. This presents a rare chance to establish a significant retail presence in a thriving community with high foot traffic and excellent visibility. The property's substantial size and prime location make it an ideal investment for businesses seeking a strong foothold in the Johnston market. All 67,051 square feet are available for lease.

    Property Features for 5440 86Th St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    67,051 SF

    Building Details

    Year Renovated
    2000

    Unit(s) available at that property

    Space
    Available Space
    Size
    67,051 SF

    We can help!

    Listing Contact
    Steve Scott
    Steve Scott

    Learn more

    Property Insight Report

    HighLights

    • 67,051 SF single‑tenant retail space, formerly a Price Chopper, available for lease.
    • High‑visibility corner lot (8 acres) at 86th St & NW 54th Ave, Johnston, IA.
    • C‑2 zoning allows for flexible retail uses.
    • Excellent location near I‑35/80 interchange, providing easy access to Des Moines metro.
    • Strong demographics: affluent suburban families and young professionals, plus proximity to 25,000 daytime employees at major employers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop 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
    -93.7365291
    Latitude
    41.6593522

    Nearby Similar for Lease

    • Contact for pricing
      4,259 SF

      Johnston Medical/Professional Office Space

      Well-maintained office space with drive-thru potential in Johnston, Iowa.
      6105 NW 86Th St, Johnston, IA 50131
      View Details
    • $9 SF/Yr
      58,147 SF

      Johnston Office/Flex Space Available

      Office and flex space available for lease in Johnston, Iowa.
      8101 Birchwood Ct, Johnston, IA 50131
      View Details
    • Contact for pricing
      32,000 SF

      Des Moines NW Johnston Dr Office/Retail

      Prime Des Moines location; build-to-suit options.
      5450 Johnston Dr, Johnston, IA 50131
      View Details
    • Contact for pricing
      8,955 SF

      Gateway Crossing Retail Space

      Johnston, IA: Prime Retail Opportunity
      5260 Merle Hay Rd, Johnston, IA 50131
      View Details
    • $7 SF/Yr
      14,501 SF

      Green Meadows West Office Park

      Johnston, IA Office Space Available
      5619 86Th St, Johnston, IA 50131
      View Details
    • $14 SF/Yr
      58,658 SF

      Johnston Executive Office Suites

      Prime Johnston location, flexible suites available
      86th St & Northpark Dr, Johnston, IA 50131
      View Details
    • $46 SF/Yr
      22,000 SF

      Johnston Executive Office Suites

      Premium Iowa Office Space: Flexible, Modern
      6165 Floors, Johnston, IA 50131
      View Details
    • $11 SF/Yr
      63,500 SF

      Johnston Station Executive Suites

      Des Moines West Office Space for Lease
      5525 Merle Hay Rd, Johnston, IA 50131
      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 50131
      View Details
    • $26 SF/Yr
      1,400 SF

      Retail Space on Merle Hay

      New retail shopping center with immediate availability on Merle Hay.
      5260 Merle Hay Rd, Johnston, IA 50131
      View Details
    • $9 SF/Yr
      36,630 SF

      Johnston Executive Office Space

      Prime Johnston location, 3 suites available
      8191 Birchwood Ct, Johnston, IA 50131
      View Details
    • $14 SF/Yr
      11,427 SF

      Mixed-Use Development Retail Space

      Mixed-use development with retail space for lease in Johnston, IA.
      8801-8843 Northpark Ct, Johnston, IA
      View Details

    FAQs

    What type of property is this?
    Retail property - High-traffic grocery store space, prime Johnston location.
    Where is this retail property located?
    The property is located at 5440 86Th St Johnston, IA.
    What are key features of this property?
    This property features: 67,051 SF single-tenant retail space, formerly a Price Chopper, available for lease.; High-visibility corner lot (8 acres) at 86th St & NW 54th Ave, Johnston, IA.; C-2 zoning allows for flexible retail uses.
    Request Owner's contact information
    5440 86Th St Johnston, IA 50131
    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.
    5440 86Th St
    Johnston, IA 50131
    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
    5440 86Th St Johnston, IA 50131
    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

    We can help!
    Listing Contact
    Steve Scott
    Steve Scott
    Real Estate License ID: IA S34232000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.