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    5565 Merle Hay Rd Johnston, IA 50131

    For Lease
    $1.58 SF/Yr

    Prime Commercial Land, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 0.89-acre commercial land parcel, totaling 38,768 square feet, presents a remarkable opportunity in Johnston, Iowa. Located at 5565 Merle Hay Road, this property boasts unparalleled visibility due to its prime outlot position directly in front of Johnston Station, ensuring high traffic exposure. The site is zoned PUD, offering flexibility for a variety of commercial developments. With its single-tenant potential, this land is ideal for build-to-suit (BTS) projects or lease opportunities. The asking rate is $5,169 per square foot. This location offers easy access to major transportation routes, making it an attractive destination for businesses seeking high visibility and convenient access for customers and employees. The property's size and location in the thriving Johnston market make it a highly desirable investment for developers and businesses alike. The Polk County location provides access to a strong local economy and a growing population base. This is a rare opportunity to acquire a highly visible and strategically located commercial land parcel in a rapidly developing area. The property's potential for significant return on investment is undeniable, making it a compelling proposition for discerning investors and businesses seeking a prime location to establish or expand their operations. Detailed site plans and zoning information are available upon request.

    Property Features for 5565 Merle Hay Rd

    General Information

    Property type
    Land
    Lease Type
    Gross Lease

    Unit(s) available at that property

    Space
    Available space
    Size
    0 SF
    Rate per SF
    $1.58

    HighLights

    • 0.89‑acre outlot at 5565 Merle Hay Road, Johnston, IA.
    • Prime location directly in front of Johnston Station with high visibility and traffic exposure (28,000 VPD).
    • Located just north of I‑80, offering excellent access to major transportation routes.
    Property Profile Insight Report 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 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
    -93.697187
    Latitude
    41.661516

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land, High Visibility
    Where is this land located?
    The property is located at 5565 Merle Hay Rd Johnston, IA.
    What is the lease rate?
    The lease rate is $1.58 SF/Yr.
    What are key features of this property?
    This property features: 0.89-acre outlot at 5565 Merle Hay Road, Johnston, IA.; Prime location directly in front of Johnston Station with high visibility and traffic exposure (28,000 VPD).; Located just north of I-80, offering excellent access to major transportation routes.
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    5565 Merle Hay Rd 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
    5565 Merle Hay Rd Johnston, IA 50131
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