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Property profile

5312 Merle Hay Rd Johnston, IA 50131

OFF-MARKET
Turn key restaurants
Property ID
US25-0208791
5,402 SF 1.41 ac lot Built 1995
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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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

What does the county charge?
Assessed value · 2023$874k
Assessed land$649k
Assessed improvement$225k

Value estimate

· Oct 2026
$455k
$410k – $501k

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

Recently sold

What actually traded nearby?
$172/SF
County average, outlier-cleaned · 98 recorded sales of this use type
Observed band · Q1–Q3$90 – $264
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-3
The intent of the C-3 District is to accommodate medium and high intensity commercial uses withaccessand visibility to majorstreetsand wh...
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 agency19.0
Law Firm14.0
Dental Office13.9

Location

5312 Merle Hay Rd Johnston, IA 50131-1207
County assessor Recorded deeds · 1 transfer 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

6 recorded sales · 10 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
8510 Birchwood, Johnston, IA 50131-2740 $1,200,000 Nov 2024 4,439 SF
5965 Merle Hay, Johnston, IA 50131-1396 $1,025,000 Dec 2023 8,040 SF
8481 Birchwood, Johnston, IA 50131-2782 $1,500,000 Mar 2023 5,988 SF
5730 Merle Hay, Johnston, IA 50131-1215 $1,574,500 Dec 2022 5,824 SF
8550 Birchwood, Johnston, IA 50131-2740 $1,370,000 Dec 2020 3,993 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

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