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Property profile & analytics
OFF-MARKET Estimated value $815,000
Strip malls

5460 Merle Hay Rd Johnston, IA 50131-1239

24,120 SF 2.07 ac lot Built 1997
Entity Owned 11-yr Hold ~ Est. High Equity
Property ID
US25-0408332
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 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.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1997
Construction STEEL FRAME
Total area 24,120 SF
Lot 2.07 ac (90,169 SF)
Zoning code PUD
APN 241/00434-732-000
UPID US25-0408332
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
$815k
Owner & transaction history
Shattuck Of Rpm INC · 11 yrs held
Shattuck Of Rpm INC
since 2015
2 recorded transactions
2015
$1.7M
1969
Price N/A
Zoning & alternative use
PUD · Johnston, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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