Property profile

5965 Merle Hay Rd Johnston, IA 50131

OFF-MARKET
Strip malls
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Property ID
US25-0391238
8,040 SF 1.13 ac Built 2001
Last sale Dec 2023·$1,025,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

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?
$25k
Tax billed · 2020
Assessed value · 2023$945k
Assessed land$519k
Assessed improvement$426k
Effective rate2.60%

Value estimate

· Nov 2026
$960k
$864k – $1.06M
AI approach$990k
Submarket $/SF estimate$659k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$99/SF
County average, outlier-cleaned · 59 recorded sales of this use type
Observed band · Q1–Q3$47 – $152
Qualifying comparables5

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?
C-2
The intent of the C-2 District is to provide a broad range of commercial and retail uses and services which are intended to serve the com...
General categoryCOMMERCIAL
JurisdictionPOLK

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency19.5
Law Firm15.4
HVAC Service13.2

Location

5965 Merle Hay Rd Johnston, IA 50131-1396
County assessor Recorded deeds · 4 transfers 5 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

3 recorded sales · 11 properties nearby
Recent sales nearby
3 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
5335 Merle Hay, Johnston, IA 50131-1238 $2,100,000 Feb 2026 12,500 SF
5370 86th, Johnston, IA 50131-1785 $333,000 Dec 2023 15,650 SF
10100 62nd, Johnston, IA 50131-2914 $1,600,000 Sep 2019 8,486 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
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

Ask Rey → ChatGPT Grok Claude
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