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Property profile & analytics
FOR LEASE
Investment properties

5525 Merle Hay Rd Johnston, IA 50131

95,400 SF 4.4 ac lot Built 2005
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US25-0304285
Property summary
AI-generated overview

Johnston Station, a Class A, two-story office building in Des Moines West, offers exceptional executive office space for lease. Located at 5525 Merle Hay Rd, Johnston, IA 50131, this property boasts a total of 63,500 square feet, spread across one building situated on a 4.4-acre lot. Currently, there are 6,960 square feet of vacant space available, divisible into units ranging from 1,507 to 3,006 contiguous square feet. The building features a total of four suites, providing flexibility for various business needs. Built in 2005, Johnston Station is zoned Pud and offers ample parking with one underground parking spot provided per 1,000 square feet of leased space. The property's prime location in the IA - Des Moines West submarket of Polk County, Iowa, ensures excellent visibility and accessibility. This is an exceptional opportunity to secure high-quality office space in a thriving business community. The property's modern design and convenient amenities make it an ideal location for businesses seeking a prestigious and functional workspace. Contact us today to learn more about leasing opportunities and explore the potential of Johnston Station for your business.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 2005
Construction STEEL FRAME
Total area 95,400 SF
Lot 4.4 ac (191,620 SF)
Zoning code PUD
APN 241/00747-802-011
UPID US25-0304285
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
$9.63M
Blend (final) Blend
$7.92M
Owner & transaction history
Grand Capital Lc · 1 yrs held
Grand Capital Lc
since 2024
3 recorded transactions
2024
Price N/A
2005
Price N/A
1969
Price N/A
Zoning & alternative use
PUD · Johnston, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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