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    5525 Merle Hay Rd Johnston, IA 50131

    • Investment properties
    • 95,400 SF
    • 4.40 lot acres
    For Lease
    View listing
    $11 SF/Yr
    Value Estimation
    Location Intelligence
    Property ID
    US25-0304285
    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

    • Investment properties

    Property Details for 5525 Merle Hay Rd

    Year built
    2005
    Construction
    STEEL FRAME
    Lot size
    4.40 lot acres
    Property size
    95,400 SF
    Zone code
    PUD
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    241/00747-802-011
    APU
    24100747802011

    Description

    Johnston Station, a Class A, two-story office building in Des Moines West, offers exceptional executive office space for lease. Located at 5525 Merle Hay Rd, Johnston, IA 50131, this property boasts a total of 63,500 square feet, spread across one building situated on a 4.4-acre lot. Currently, there are 6,960 square feet of vacant space available, divisible into units ranging from 1,507 to 3,006 contiguous square feet. The building features a total of four suites, providing flexibility for various business needs. Built in 2005, Johnston Station is zoned Pud and offers ample parking with one underground parking spot provided per 1,000 square feet of leased space. The property's prime location in the IA - Des Moines West submarket of Polk County, Iowa, ensures excellent visibility and accessibility. This is an exceptional opportunity to secure high-quality office space in a thriving business community. The property's modern design and convenient amenities make it an ideal location for businesses seeking a prestigious and functional workspace. Contact us today to learn more about leasing opportunities and explore the potential of Johnston Station for your business.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Johnston
    County
    Polk
    State
    Iowa
    Longitude
    -93.6966
    Latitude
    41.6611
    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
    $278,190
    $2,030,000
    $7,590,000
    $9,620,000
    -
    $2,030,000
    $7,590,000
    $9,620,000

    Comparable in this City

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      6,870 SF

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      6535 Corporate Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 13,574 SF
      6535 Corporate Dr, Johnston, IA 50131-7701
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    • Value Estimation
      $1,440,000
      15,972 SF

      5408 88th St

      OFFICE/RESIDENTIAL (MIXED USE) • 15,972 SF
      5408 88th St, Johnston, IA 50131-2953
      View Details
    • Value Estimation
      $250,000
      784 SF

      5415 88th St Ste 300b

      OFFICE/RESIDENTIAL (MIXED USE) • 784 SF
      5415 88th St Ste 300b, Johnston, IA 50131-2951
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    • Value Estimation by Request
      3,636 SF

      5170 Beaver Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 3,636 SF
      5170 Beaver Dr, Johnston, IA 50131-1330
      View Details
    • Value Estimation by Request
      5,856 SF

      5501 Beaver Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 5,856 SF
      5501 Beaver Dr, Johnston, IA 50131-1376
      View Details

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    • Contact for pricing
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      Land for sale in a new, scenic residential community.
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      Residential Land in Wooded Point

      Land in a premier neighborhood with space, nature, and convenience.
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    Similar Nearby for Lease

    • $14 SF/Yr
      58,658 SF

      Johnston Executive Office Suites

      Prime Johnston location, flexible suites available
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    • $11 SF/Yr
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      Office/Flex/Lab Space Sublease

      5,856 SF office/flex/lab space for sublease, immediate availability.
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    • Contact for pricing
      4,259 SF

      Johnston Medical/Professional Office Space

      Well-maintained office space with drive-thru potential in Johnston, Iowa.
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    • $16 SF/Yr
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      Turnkey Office Space Available

      Furnished office space for rent with flexible lease terms.
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    • $15 SF/Yr
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      Johnston Warehouse with Office Space

      Warehouse with showroom/office space, drive-in doors, and outdoor storage.
      5820 NW Beaver Dr, Johnston, IA 50131
      View Details
    • $1.58 SF/Yr

      Johnston Land - Merle Hay Rd

      Prime Commercial Land, High Visibility
      5565 Merle Hay Rd, Johnston, IA 50131
      View Details
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    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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