Technical
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Distress signals
Property profile

6025 Merle Hay Rd Johnston, IA 50131

OFF-MARKET
Land
1.48 ac lot
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Property summary

AI-generated overview

This exceptional 1.484-acre commercial land parcel presents a unique development opportunity in the thriving Johnston, Iowa market. Situated on the highly visible Merle Hay Road corridor, this property boasts an ideal location next to the recently opened Johnston Fareway grocery store, ensuring high foot traffic and excellent visibility. The lot offers 64,622 square feet of buildable space, zoned ROC-1 Mixed Use R4 & C2, allowing for a diverse range of development possibilities. Its strategic location provides easy access to major transportation arteries, including Interstates 35 and 80. Data from 2012 indicates a daily traffic count of 22,600 vehicles on Merle Hay Road, while 2014 data shows 96,000 vehicles per day on I-35/I-80, highlighting the significant traffic volume and potential for high consumer reach. The land is priced competitively at $8 per square foot, representing a compelling investment opportunity for developers seeking a prime location with strong growth potential in a rapidly expanding community. This property is ready for your vision. Don't miss this chance to secure a premier development site in a high-demand area.

Property profile

Verified
Property type Land
Lot 1.48 ac (64,643 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

6025 Merle Hay Rd Johnston, IA 50131
Johnston metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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