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    5420 West Pkwy Johnston, IA 50131

    Sponsored
    For Sale
    $765,000

    2.5 Acres, I-80/35 Access

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 2.509-acre land parcel presents a remarkable investment opportunity in Johnston, Iowa. Strategically located just one mile north of the Interstate 80/35 interchange, this property offers unparalleled accessibility and visibility. Direct access to the interstate is easily achieved via 100th Street, a significant advantage completed in 2017-2018. The site benefits from its proximity to a variety of amenities, including restaurants, hotels, and shopping centers, ensuring high traffic and convenient access for potential businesses or developments. Furthermore, the new Johnston High School is located just one mile to the north, adding to the area's appeal and potential for future growth. The property's size and location make it ideal for a wide range of commercial ventures, offering significant potential for return on investment. The address is 5420 West Parkway, Johnston, IA 50131, within Polk County. The asking price for this prime land is $765,000. This is a rare opportunity to acquire a sizable, well-situated parcel in a thriving Iowa community.

    Property Features for 5420 West Pkwy

    General Information

    Property type
    Land
    Lot Size
    109,292 SF

    HighLights

    • 2.5‑acre land parcel in Johnston, IA, priced at $765,000.
    • One mile north of I‑80/35 interchange.
    • Direct I‑80/35 access via 100th Street (completed 2017‑2018).
    • Near restaurants, hotels, and shopping centers.
    • One mile from the new Johnston High School.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Johnston
    County
    Polk
    State
    Iowa
    Longitude
    -93.754042
    Latitude
    41.659038

    Nearby Comparable

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Land - 2.5 Acres, I-80/35 Access
    Where is this land located?
    The property is located at 5420 West Pkwy Johnston, IA.
    What is the asking price?
    The asking price for this property is $765,000.
    What are key features of this property?
    This property features: 2.5-acre land parcel in Johnston, IA, priced at $765,000.; One mile north of I-80/35 interchange.; Direct I-80/35 access via 100th Street (completed 2017-2018).
    (515) 218-7010
    Request Owner's contact information
    5420 West Pkwy Johnston, IA 50131
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    Johnston, IA 50131
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    Realmo Value Estimation

    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.

    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.

    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
    5420 West Pkwy Johnston, IA 50131
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