Property profile

5050 Merle Hay Rd Johnston, IA 50131

OFF-MARKET
Hotels
Property ID
US25-0047198
49,305 SF 10.19 ac lot Built 1992
Entity Owned 17-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 1992
Construction FRAME
Total area 49,305 SF
Lot 10.19 ac (443,964 SF)
Zoning code CD
APN 241/00348-501-000
UPID US25-0047198

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel

Location

5050 Merle Hay Rd Johnston, IA 50131-1201
Johnston metro Census 11702 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.97M
Blend (final) Blend
$2.01M

Owner & transaction history

since 2009
3 recorded transactions
2009
$1.7M
2008
Price N/A
2005
Price N/A

Zoning & alternative use

CD · Johnston, IA
Zoning description

2. Conservation District. The intent of the C-D District is to preserve and protect heavily wooded areas, areas of extreme slopes, rivers, stream banks, and flood plains of the City from adverse future development. The C…

General category OPEN_SPACE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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