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    8850 62Nd Ave Johnston, IA 50131

    Sponsored
    For Lease
    $6 SF/Yr

    Prime Johnston location, 41,080 SF available.

    Lot size:
    41,080 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A office building, constructed in 2008, offers 41,080 square feet of flexible space available for lease in Johnston, Iowa. Located at 8850 NW 62nd Ave, near Crescent Chase, this single-story building sits on 4.21 acres and boasts a 10-foot ceiling height. The property is zoned PUD and features a minimum divisible space of 4,000 square feet, with the potential to lease the entire 41,080 square feet contiguously. The building is currently vacant and ready for immediate occupancy. Amenities include ample parking (5.2 spaces per 1,000 square feet), although elevators are not available. Its prime location provides convenient access to major roadways, restaurants, and retail establishments. The property is ideal for a variety of businesses, including medical and executive offices, and offers competitive lease rates starting at $6.95 per square foot. The building also has a sale price of $4,300,000. This is a rare opportunity to secure a high-quality, spacious office building in a thriving Johnston location.

    Property Features for 8850 62Nd Ave

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    41,080 SF
    Class
    A
    Total Rate
    23792.17

    Building Details

    Year Built
    2008
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    8850 NW 62nd St
    Size
    41,080 SF
    Rate per SF
    $6

    HighLights

    • 4,000 - 41,080 square feet available for lease or sale.
    • $4,300,000 sale price (negotiable).
    • Mostly open floor plan with some existing office build‑out.
    • Lease rates starting at $6.95 per square foot, net.
    • Convenient access to I‑80/35.
    • Nearby restaurants and retail amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Johnston
    County
    Polk
    State
    Iowa
    Longitude
    -93.74049901
    Latitude
    41.67174124

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    FAQs

    What type of property is this?
    Medical office - Prime Johnston location, 41,080 SF available.
    Where is this medical office located?
    The property is located at 8850 62Nd Ave Johnston, IA.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    What are key features of this property?
    This property features: 4,000 - 41,080 square feet available for lease or sale.; $4,300,000 sale price (negotiable).; Mostly open floor plan with some existing office build-out.
    Request Owner's contact information
    8850 62Nd Ave 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
    8850 62Nd Ave Johnston, IA 50131
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