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Property profile & analytics
FOR SALE
Investment properties
5671 Greendale Rd Johnston, IA 50131
Entity Owned
4-yr Hold
Free & Clear
Property ID
US25-0325521
No photos on file
For Sale
Contact for pricing
5671 Greendale Rd, Johnston, IA 50131
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1997
Construction
FRAME
Total area
4,980 SF
Lot
0.9 ac (39,272 SF)
Zoning code
PUD
APN
241/00543-005-001
UPID
US25-0325521
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
$550k
CAP Approach
CAP
$760k
Comparable Approach
Comparable
$699k
Blend (final)
Blend
$585k
Owner & transaction history
Childrens Cancer Connection INC · 4 yrs held
Childrens Cancer Connection INC
since 2021
Last sale
$590,000
2 recorded transactions
Zoning & alternative use
PUD · Johnston, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$775,000
+16.2%
Medical building
$750,000
+13.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Johnston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Johnston submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$585,000
ML approach
$550,000
CAP Approach
CAP Return
Estimation
6%
$820,000
6.5%
$760,000
7%
$705,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$665,000
Current use
AUTO REPAIR, GARAGE
$775,000
Change: +16% · Conversion: Difficult
MEDICAL BUILDING
$750,000
Change: +13% · Conversion: Easy
RETAIL STORES
$580,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$585k
Range $527k – $644k · ±10% · vs last sale $590k (Dec 21 2021)
Last sale anchor
$590k
Dec 21 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$117 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$17,352
Tax year 2020
Assessed value
$699,000
Assessed 2023
Previous assessed
$699,000
+0.0% YoY
Effective rate
2.48%
On assessed value
Assessed land
$249,000
Assessed improvement
$450,000
Land market value
$249,000
Improvement market value
$450,000
Total market value
$699,000
Applied tax rate
13.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Sale
Year built
1997
Construction
FRAME
Heating
CENTRAL
Cooling
YES
Buildings
1
Stories
3
Rooms
6
Bathrooms
1
Total area
4,980 SF
Lot
0.9 ac (39,272 SF)
Zoning code
PUD
APN
241/00543-005-001
UPID
US25-0325521
Jurisdiction
POLK
Zoning & alternative use
PUD · Johnston, IAZoning PUD · permitted uses
PUD · Johnston, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$665,000
AUTO REPAIR, GARAGE
Est. value
$775,000
MEDICAL BUILDING
Est. value
$750,000
RETAIL STORES
Est. value
$580,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1997
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
3
Buildings
1
Rooms
6
Bathrooms
1
Lot
0.9 ac
Current owner
From public records · entity-resolved
Childrens Cancer Connection INC
Entity
Free & Clear · 4 yrs held
Mailing address
5701 GREENDALE RD, JOHNSTON, IA 50131-1510
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 23, 2023
—
Children S Cancer Connection INC
—
Deed
related
$350,000 · West Bank
Dec 21, 2021
$590,000
Childrens Cancer Connection INC
Kenneth D Bilbrey
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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