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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Medical Office Space
6108 59th Ct Johnston, IA 50131-1580
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US25-0322408
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2001
Construction
FRAME
Total area
5,406 SF
Lot
0.74 ac (32,265 SF)
Zoning code
ROC-1
APN
241/00886-000-000
UPID
US25-0322408
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
$635k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$552k
Blend (final)
Blend
$645k
Owner & transaction history
Mf Real Estate Holdings LLC · 5 yrs held
Mf Real Estate Holdings LLC
since 2021
Last sale
$655,000
2 recorded transactions
Zoning & alternative use
ROC-1 · Johnston, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$930,000
+14.0%
Auto repair, garage
$840,000
+2.9%
Apartment house (5+ units)
$820,000
+0.3%
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
$630,000
ML approach
$635,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$815,000
Current use
RESTAURANT
$930,000
Change: +14% · Conversion: Difficult
AUTO REPAIR, GARAGE
$840,000
Change: +3% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$820,000
Change: +0% · Conversion: Moderate
COMMERCIAL (GENERAL)
$720,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$645k
Range $581k – $710k · ±10% · vs last sale $655k (Mar 23 2021)
Last sale anchor
$655k
Mar 23 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
$119 / 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
$15,484
Tax year 2020
Assessed value
$635,000
Assessed 2023
Previous assessed
$635,000
+0.0% YoY
Effective rate
2.44%
On assessed value
Assessed land
$109,000
Assessed improvement
$526,000
Land market value
$109,000
Improvement market value
$526,000
Total market value
$635,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2001
Construction
FRAME
Heating
CENTRAL
Cooling
YES
Buildings
1
Stories
1
Rooms
5
Bathrooms
1
Total area
5,406 SF
Lot
0.74 ac (32,265 SF)
Zoning code
ROC-1
APN
241/00886-000-000
UPID
US25-0322408
Jurisdiction
POLK
Zoning & alternative use
ROC-1 · Johnston, IA
Zoning ROC-1 · permitted uses
ROC-1 · Johnston, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Johnston. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$815,000
RESTAURANT
Est. value
$930,000
AUTO REPAIR, GARAGE
Est. value
$840,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$820,000
COMMERCIAL (GENERAL)
Est. value
$720,000
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
2001
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
1
Rooms
5
Bathrooms
1
Lot
0.74 ac
Current owner
From public records · entity-resolved
Mf Real Estate Holdings LLC
Entity
Mailing address
PO BOX 680, JOHNSTON, IA 50131-0680
Mailing matches property
Yes
Owner-occupied
Yes
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
Mar 23, 2021
$655,000
Mf Real Estate Holdings LLC
J C Acquisitions LLC
Warranty Deed
$524,000 · Pnc Bank NA
Mar 4, 2008
$450,000
Jc Acquisitions LLC
Pgd Lc
Warranty Deed
$750,000 · City State Bank
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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