Financial
Distress signals
Property profile

5500 Johnston Dr Johnston, IA 50131

OFF-MARKET
Commercial real estate
Property ID
US25-0637938
17,700 SF 1.79 ac lot Built 2000
Last sale Mar 2019
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional sublease opportunity presents 2,555 square feet of versatile office space ideally situated in Johnston, Iowa, just minutes from Interstate 35. The property offers a flexible layout suitable for various business types, including flex, traditional office, coworking, and creative office uses. The space is currently configured to include a bullpen office area, providing ample workspace for employees. A dedicated conference room is available for meetings and presentations,…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. 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?
$37k
Tax billed · 2020
Assessed value · 2023$1.55M
Assessed land$204k
Assessed improvement$1.35M
Effective rate2.36%

Value estimate

· Sep 2026
$1.43M
$1.28M – $1.57M
Submarket $/SF estimate$1.55M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$134/SF
ZIP average, outlier-cleaned · 27 recorded sales of this use type
Observed band · Q1–Q3$60 – $196

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

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

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 agency18.4
Law Firm12.8
Dental Office12.1

Location

5500 Johnston Dr Johnston, IA 50131-1382
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
8600 Northpark, Urbandale, IA 50131-2888 $111,500 Jul 2025 95,039 SF
6220 Beaver, Johnston, IA 50131-1378 $1,700,000 May 2025 16,600 SF
5550 Johnston, Johnston, IA 50131-1381 $3,000,000 Jan 2024 17,700 SF
8191 Birchwood, Johnston, IA 50131-2931 $3,940,125 Dec 2021 36,630 SF
5750 Beaver, Johnston, IA 50131-4811 $2,500,000 Jun 2021 11,370 SF
5346 Merle Hay, Johnston, IA 50131-1207 $2,250,000 Sep 2020 41,162 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
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