Financial
Distress signals
Property profile

5460 Merle Hay Rd Johnston, IA 50131

OFF-MARKET
Strip malls
Property ID
US25-0408332
24,120 SF 2.07 ac lot Built 1997
Last sale Jan 2015 · $1,650,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 11-yr Hold Held for 11 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Crown Point Center, located at 5460 Merle Hay Road in Johnston, Iowa, presents a prime opportunity for businesses seeking office space. This single-story, 18,994 square foot building, constructed in 1997, sits on 2.07 acres of land within a Planned Unit Development District (APN 241/00434-732-000, Polk County). The property is zoned for both retail and office use, currently offering a single available suite. This immediately available space totals 1,842 square feet, representing a minimum

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2020

What does the county charge?
$62k
Tax billed · 2020
Assessed value$2.23M
Assessed land$954k
Assessed improvement$1.28M
Effective rate2.80%

Value estimate

· Sep 2026
$815k
$734k – $897k

Realmo valuation models over county records.

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

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?
PUD
JurisdictionPOLK

Location intelligence

Which uses thrive at this corner?
Best fit: Clothing Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Clothing Store8.2
Gym & Fitness8.5
Realty agency8.5

Location

5460 Merle Hay Rd Johnston, IA 50131-1239
County assessor Recorded deeds · 2 transfers Comp sales · not on file 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 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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