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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?

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 · 2020

What does the county charge?
$62k
Tax billed · 2020
Assessed value · 2023$2.23M
Assessed land$954k
Assessed improvement$1.28M
Effective rate2.80%

Value estimate

· Oct 2026
$815k
$734k – $897k

Realmo valuation models over county records and 3 qualifying comparable sales.

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
Qualifying comparables3

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: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency20.5
Wholesale Shop14.3
Law Firm14.0

Location

5460 Merle Hay Rd Johnston, IA 50131-1239
County assessor Recorded deeds · 2 transfers 3 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

4 recorded sales · 9 properties nearby
Recent sales nearby
4 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
5335 Merle Hay, Johnston, IA 50131-1238 $2,100,000 Feb 2026 12,500 SF
5370 86th, Johnston, IA 50131-1785 $333,000 Dec 2023 15,650 SF
5965 Merle Hay, Johnston, IA 50131-1396 $1,025,000 Dec 2023 8,040 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

Ask Rey → ChatGPT Grok Claude
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