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Property profile & analytics

5565 Merle Hay Rd Johnston, IA 50131

  • Commercial real estate
  • 2,248 SF
  • 0.90 lot acres
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US25-0218739
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Commercial real estate

Property Details for 5565 Merle Hay Rd

Lot size
0.90 lot acres
Property size
2,248 SF
Zone code
PUD
Property type
Commercial real estate
APN
241/00747-802-012
APU
24100747802012

Description

This exceptional 0.89-acre commercial land parcel, totaling 38,768 square feet, presents a remarkable opportunity in Johnston, Iowa. Located at 5565 Merle Hay Road, this property boasts unparalleled visibility due to its prime outlot position directly in front of Johnston Station, ensuring high traffic exposure. The site is zoned PUD, offering flexibility for a variety of commercial developments. With its single-tenant potential, this land is ideal for build-to-suit (BTS) projects or lease opportunities. The asking rate is $5,169 per square foot. This location offers easy access to major transportation routes, making it an attractive destination for businesses seeking high visibility and convenient access for customers and employees. The property's size and location in the thriving Johnston market make it a highly desirable investment for developers and businesses alike. The Polk County location provides access to a strong local economy and a growing population base. This is a rare opportunity to acquire a highly visible and strategically located commercial land parcel in a rapidly developing area. The property's potential for significant return on investment is undeniable, making it a compelling proposition for discerning investors and businesses seeking a prime location to establish or expand their operations. Detailed site plans and zoning information are available upon request.


Value Estimations

based on Realmo’s proprietary methodology
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  • CAP approach

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  • Alternative Use

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Location Insight

  • Map
  • Local Demand
City
Johnston
County
Polk
State
Iowa
Longitude
-93.6972
Latitude
41.6615
CBSA code
19780
CBSA name
DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2020
$11,170
$413,000
$0.00
$413,000
-
$413,000
$0.00
$413,000
More about this property
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