5460 Merle Hay Rd Johnston, IA 50131-1239
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 divisible unit. The building features multiple tenants, ensuring a vibrant and established business environment. Its location offers exceptional visibility and high foot traffic due to its placement off Merle Hay Road, providing convenient access to Interstate 80 and nearby residential areas. This established center provides a strong foundation for any business looking to thrive in a bustling and accessible location. The property's single building design and convenient access points make it an attractive option for a variety of businesses. The 1,842 square foot vacant space is ready for immediate occupancy. This is an excellent opportunity to establish a presence in a well-established commercial center in a desirable Johnston, IA location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
PUD · Johnston, IACosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.