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    8633 Crescent Chase Johnston, IA 50131

    • Commercial real estate
    • 3,710 SF
    • 1.31 lot acres
    For Sale
    View listing
    Value Estimation
    Location Intelligence
    Property ID
    US25-0337907
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 8633 Crescent Chase

    Lot size
    1.31 lot acres
    Property size
    3,710 SF
    Zone code
    PUD
    Property type
    Commercial real estate
    APN
    241/00523-075-002
    APU
    24100523075002

    Description

    This exceptional 1.32-acre commercial development site in Johnston, Iowa, presents a unique investment opportunity. Located at a signalized intersection on NW 62nd Avenue, a major east-west thoroughfare connecting Johnston and Grimes, this property boasts excellent visibility and accessibility from all directions. The site is zoned PUD (Planned Unit Development) by the City of Johnston and benefits from the availability of all utilities. Johnston is a rapidly growing city, part of the Des Moines metro area, known for its high average household income, strong educational attainment, and presence of major corporations like Fareway Stores, John Deere Financial, and Corteva. Its strategic location near Interstate 80/35 ensures high traffic volume, making it an ideal location for retail or commercial development. Build-to-suit terms are available upon request, offering flexibility for potential developers. This property offers unparalleled potential for significant return on investment in a thriving and desirable community. The site's convenient access, high visibility, and desirable location within a high-income area make it an exceptional opportunity for developers seeking a prime location in a rapidly growing market.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $250,000

    • CAP approach

      CAP return
      Estimation
      6%
      $350,000
      6.5%
      $365,000
      7%
      $335,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $350,000
      Geo Method
      $330,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $285,000
      Retail
      $300,000
      Mixed-Use
      $350,000
      Hospitality
      $325,000
      Educational
      $335,000
      Residential Income
      $300,000
      Energy
      $375,000
      Income-Based Land
      $295,000
      Food Service
      $360,000

    Location Insight

    • Map
    • Local Demand
    City
    Johnston
    County
    Polk
    State
    Iowa
    Longitude
    -93.7383
    Latitude
    41.672
    CBSA code
    19780
    CBSA name
    DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $9,694
    $369,000
    $0.00
    $369,000
    -
    $369,000
    $0.00
    $369,000

    Comparable in this City

    • Value Estimation by Request
      0.16 Acres

      Johnston, IA 50131

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    • Value Estimation by Request
      1.74 Acres

      Johnston, IA 50131

      COMMERCIAL (GENERAL) • 1.74 Acres
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    • Value Estimation by Request
      0.26 Acres

      Johnston, IA 50131

      COMMERCIAL (GENERAL) • 0.26 Acres
      Johnston, IA 50131
      View Details
    • Value Estimation by Request
      422 SF

      5220 Beaver Dr

      COMMERCIAL (GENERAL) • 422 SF
      5220 Beaver Dr, Johnston, IA 50131
      View Details
    • Value Estimation by Request
      435 SF

      4700 62nd Ave

      COMMERCIAL (GENERAL) • 435 SF
      4700 62nd Ave, Johnston, IA 50131-1017
      View Details
    • Value Estimation
      $375,000
      1,700 SF

      Johnston, IA 50131

      COMMERCIAL (GENERAL) • 1,700 SF
      Johnston, IA 50131
      View Details

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      1.32 Acres

      Johnston Development Land

      1.32 Acres, Prime Location
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    8633 Crescent Chase
    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
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