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Property profile & analytics
OFF-MARKET
Strip malls

5335 Merle Hay Rd Johnston, IA 50131-1238

12,500 SF 2.51 ac lot Built 1994
Entity Owned Absentee Owner Free & Clear
Property ID
US25-0343588
Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1994
Construction STEEL FRAME
Total area 12,500 SF
Lot 2.51 ac (109,292 SF)
Zoning code M-2
APN 241/00859-700-001
UPID US25-0343588
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Williams Turf Farms INC
Williams Turf Farms INC
since 2026
Last sale
$2.1M
6 recorded transactions
2026
$2.1M
2022
Price N/A
2019
Price N/A
2013
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
M-2 · Johnston, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

M-2 General Industrial District 169.02 DISTRICT INTENTS The following statements specify the intents of the zoning districts established to regulate areas of the City considered appropriate for non-residential uses: 1. Neighborhood Commercial District. The intent of the C-1 District is to accommodate low intensity commercial retail and service uses that serv…

Zone name General Industrial District
General category INDUSTRIAL
Zone area 443.77 ac
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