Financial
Distress signals
Property profile

5955 Merle Hay Rd Johnston, IA 50131

OFF-MARKET
Strip malls
Property ID
US25-2590031
7,395 SF 0.67 ac lot Built 2012
Last sale Jul 2007 · $744,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 19-yr Hold Held for 19 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A second-generation restaurant space comprising 4,437 square feet, configured for foodservice use with an existing hood, sinks, and installed kitchen equipment. The premises are located in an area with an estimated 18,400 vehicles per day passing nearby, supporting customer access and visibility from the adjacent roadway.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included 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?
$16k
Tax billed · 2020
Assessed value$645k
Assessed land$310k
Assessed improvement$335k
Effective rate2.44%

Value estimate

· Sep 2026
$275k
$248k – $303k
AI approach$245k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$99/SF
County average, outlier-cleaned · 59 recorded sales of this use type
Observed band · Q1–Q3$47 – $152

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

What can be built here?
C-2
The intent of the C-2 District is to provide a broad range of commercial and retail uses and services which are intended to serve the com...
General categoryCOMMERCIAL
JurisdictionPOLK

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm10.1
Gym & Fitness8.4
Auto Repair Shop9.3

Location

5955 Merle Hay Rd Johnston, IA 50131-2813
County assessor Recorded deeds · 5 transfers Comp sales · not on file Zoning catalog

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

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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