Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4705 59Th Ave Johnston, IA 50131

    • Flex space
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US25-0175088
    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

    • Flex space

    Property Details for 4705 59Th Ave

    Property type
    Flex space
    Property subtype
    Distribution centers

    Description

    This exceptional 2,425 square foot industrial space, built in 2022, offers a versatile warehouse and flex layout perfect for a variety of businesses. Located in Polk County, this corner suite boasts excellent visibility on Beaver Avenue, making it ideal for attracting customers. The unit is currently shell space, providing the opportunity to customize the interior to your exact specifications. Features include an impressive 18-foot clear height, allowing for efficient storage and operations, and a convenient 12' x 12' drive-in door for easy loading and unloading. The property is zoned M-1: Light Industrial, ensuring compatibility with a wide range of uses. This is a rare opportunity to secure a brand-new, well-located industrial space in a thriving area. Don't miss out on this chance to establish your business in a prime location with exceptional features. The space is available for immediate occupancy. Contact us today to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Johnston
    County
    Polk
    State
    Iowa
    Longitude
    -93.682520474318
    Latitude
    41.667547881758

    Comparable in this City

    • Contact for pricing
      32,000 SF

      Des Moines NW Johnston Dr Office/Retail

      Prime Des Moines location; build-to-suit options.
      5450 Johnston Dr, Johnston, IA 50131
      View Details
    • Contact for pricing
      15,000 SF

      Johnston Industrial Warehouse Space

      15,000 SF Warehouse, Flexible Divisible Units
      6460 Beaver Dr, Johnston, IA 50131
      View Details
    • $15 SF/Yr
      4,560 SF

      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
    • $4 SF/Yr
      118,000 SF

      Johnston Warehouse with Fenced Parking

      118,000 SF warehouse with 1 acre fenced parking.
      6600 Merle Hay Rd, Johnston, IA 50131
      View Details
    • $11 SF/Yr
      5,856 SF

      Office/Flex/Lab Space Sublease

      5,856 SF office/flex/lab space for sublease, immediate availability.
      5501 NW Beaver Dr, Johnston, IA 50131
      View Details
    • $10 SF/Yr
      16,600 SF

      Johnston Industrial Flex Space

      16,600 SF Flex Space Available
      6250 Beaver Dr, Johnston, IA 50131
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      15,000 SF

      Johnston Flex/Office Building For Sale

      Single-story flex/office building with ample parking and interstate access.
      8191 Birchwood Ct, Johnston, IA 50131
      View Details
    • Contact for pricing
      1.02 Acres

      Johnston Land - Development Opportunity

      Prime Iowa land, various lot sizes, ideal for commercial/industrial use.
      5780 West Pkwy, Johnston, IA 50131
      View Details
    • $1,910,000
      4.38 Acres

      Johnston Commercial Land - $1.9M

      4.38 Acres, prime Johnston location.
      0 Johnston Dr, Johnston, IA 50131
      View Details
    • Contact for pricing
      6.25 Acres

      I-80 Johnston Land - Build Ready

      6.25 Acres, Fully Entitled, I-80 Visibility
      7801 Birchwood Ct, Johnston, IA 50131
      View Details
    • $765,000
      2.51 Acres

      Johnston Land - Prime Location

      2.5 Acres, I-80/35 Access
      5420 West Pkwy, Johnston, IA 50131
      View Details
    • $195,000
      0.41 Acres

      Residential Lot in Greenwood Haven

      0.41 acre walkout lot backing to trees in Johnston, IA.
      9004 Timberwood Dr, Johnston, IA 50131
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      32,000 SF

      Des Moines NW Johnston Dr Office/Retail

      Prime Des Moines location; build-to-suit options.
      5450 Johnston Dr, Johnston, IA 50131
      View Details
    • Contact for pricing
      15,000 SF

      Johnston Industrial Warehouse Space

      15,000 SF Warehouse, Flexible Divisible Units
      6460 Beaver Dr, Johnston, IA 50131
      View Details
    • $15 SF/Yr
      4,560 SF

      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
    • $4 SF/Yr
      118,000 SF

      Johnston Warehouse with Fenced Parking

      118,000 SF warehouse with 1 acre fenced parking.
      6600 Merle Hay Rd, Johnston, IA 50131
      View Details
    • $11 SF/Yr
      5,856 SF

      Office/Flex/Lab Space Sublease

      5,856 SF office/flex/lab space for sublease, immediate availability.
      5501 NW Beaver Dr, Johnston, IA 50131
      View Details
    • $10 SF/Yr
      16,600 SF

      Johnston Industrial Flex Space

      16,600 SF Flex Space Available
      6250 Beaver Dr, Johnston, IA 50131
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4705 59Th Ave
    Johnston, IA 50131
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.