This 4,980-square-foot office building was constructed between 1992 and 1997 and is located in an established office park just off Merle Hay Road, with proximity to I-80/35. The interior layout includes a combination of private offices and open work areas, along with a large conference area and a kitchen/breakroom designed for everyday use and group meetings. The property provides 28 on-site parking spaces for employees and visitors and is configured for use as an office environment supporting both enclosed and flexible workspace arrangements.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2020

What does the county charge?

$17k

Tax billed · 2020

Assessed value · 2023$699k

Assessed land$249k

Assessed improvement$450k

Effective rate2.48%

Value estimate

· Nov 2026

$585k

$527k – $644k

AI approach$550k

CAP approach$760k

Submarket $/SF estimate$699k

Realmo valuation models over county records and 16 qualifying comparable sales.

Recently sold

What actually traded nearby?

$134/SF

ZIP average, outlier-cleaned · 27 recorded sales of this use type

Observed band · Q1–Q3$60 – $196

Qualifying comparables16

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?

PUD

JurisdictionPOLK

Location intelligence

Which uses thrive at this corner?

Best fit: HVAC Service

Demand heat for this use is drawn on the map · LocInt grid

Demand index

HVAC Service9.8

Electrical Service9.5

Furniture Store8.7

5671 Greendale Rd Johnston, IA 50131

County assessor Recorded deeds · 2 transfers 16 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby

Address Sale price Sold Size

6505 Merle Hay, Johnston, IA 50131-1493 $636,500 May 2024 5,766 SF

5105 Beaver, Johnston, IA 50131-1331 $295,000 Jun 2021 4,896 SF

4801 55th, Johnston, IA 50131-1353 $1,000,000 Apr 2021 4,032 SF

5295 Merle Hay, Johnston, IA 50131-1206 $501,000 Dec 2019 5,075 SF

5515 88th, Johnston, IA 50131-2947 $767,500 Oct 2019 5,830 SF

8805 Chambery Blvd, Johnston, IA 50131-8813 $300,000 Jun 2019 4,725 SF

Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.

Comparable nearby

Value Estimation
$300,000

4,860 SF

5330 Beaver Dr

OFFICE/RESIDENTIAL (MIXED USE)

5330 Beaver Dr, Johnston, IA 50131-1334

View Details
Value Estimation
$810,000

5,567 SF

6678 62nd Ave

OFFICE/RESIDENTIAL (MIXED USE)

6678 62nd Ave, Johnston, IA 50131-4752

View Details
Value Estimation
$370,000

3,416 SF

5850 62nd Ave

OFFICE/RESIDENTIAL (MIXED USE)

5850 62nd Ave, Johnston, IA 50131-1537

View Details
Value Estimation
$1,255,000

7,459 SF

8831 Windsor Pkwy

OFFICE/RESIDENTIAL (MIXED USE)

8831 Windsor Pkwy, Johnston, IA 50131-2347

View Details
Value Estimation
$980,000

8,660 SF

Johnston, IA 50131

OFFICE/RESIDENTIAL (MIXED USE)

Johnston, IA 50131

View Details
Value Estimation
$170,000

8,772 SF

8951 Thomas Ave

OFFICE/RESIDENTIAL (MIXED USE)

8951 Thomas Ave, Johnston, IA 50131-8000

View Details