Technical
Financial
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Property profile

70TH Ave & Johnston, IA 50131

OFF-MARKET
Mixed-use properties
21 ac lot
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Property summary

AI-generated overview

This exceptional 21-acre mixed-use property presents a remarkable investment opportunity in the thriving city of Johnston, Iowa. Strategically positioned at the corner of NW 70th Avenue and NW 107th Street, this expansive parcel boasts unparalleled visibility and accessibility. Its location directly across from a 151,000 square foot Walmart Supercenter ensures high traffic counts and strong consumer presence. The property's advantageous placement at the intersection of Highway 141 and East 1st/NW 70th Avenue further enhances its commercial viability. The area is experiencing significant residential growth, creating a robust and expanding market for retail and commercial ventures. Nearby established businesses include a Bomgaars, McDonald's, Kum & Go, Charter Bank, and a Fareway grocery store, indicating a strong and diverse retail landscape. Adding to its appeal, the property is situated only a quarter-mile from the new Johnston High School, the largest high school in Iowa, guaranteeing a substantial and consistent population base. This prime location offers unparalleled potential for a wide range of development projects, capitalizing on the area's rapid growth and strong retail presence. The 21-acre lot provides ample space for a variety of uses, making it an ideal investment for developers seeking a high-impact location in a flourishing community. The property's zoning and development possibilities should be independently verified. This is a rare opportunity to acquire a significant parcel of land in a highly desirable and rapidly developing area of Johnston, Iowa.

Property profile

Verified
Property type Mixed-use properties
Lot 21 ac (914,760 SF)

Cap rate & NOI

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

Location

70TH Ave & 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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