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Property profile & analytics
OFF-MARKET
Warehouses

5450 Johnston Dr Johnston, IA 50131

32,000 SF
Property ID
Property summary
AI-generated overview

This exceptional 32,000 square foot property in Polk County's Des Moines Northwest submarket presents a unique investment opportunity. Situated on a 4.38-acre lot, this single-story building offers flexible space ideal for a variety of uses. Two spaces are available: a 23,000 square foot building suitable for office, retail, or flex space, and a 9,000 square foot space perfectly positioned for a restaurant or bar concept. The property boasts a highly desirable location directly east of the bike trail and Johnston's first dog park, and is conveniently located near new city kayak launch/water trails. Furthermore, its proximity to significant upcoming developments enhances its appeal. These include the Bombers Des Moines (a 50,000 square foot golf venue with a 100-room hotel), the LifeServe Blood Center (opening in 2024), and the Ignit Sports and Fitness recreation center (opening in 2024), which features a large indoor track, full-sized indoor soccer field, meeting spaces, fitness areas, multi-purpose courts, and outdoor recreation space. Lease rates are negotiable, making this an attractive proposition for businesses seeking a prominent location in a rapidly developing area. Minimum divisible space is 9,000 square feet, with a maximum contiguous space of 23,000 square feet. The property is currently entirely vacant.

Property profile
Verified
Property type Warehouses
Total area 32,000 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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