Property profile

6143 Merle Hay Rd Johnston, IA 50131

OFF-MARKET
Warehouses
Property ID
US25-0042867
2,240 SF 0.87 ac lot Built 1959
Entity Owned 22-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1959
Construction FRAME
Total area 2,240 SF
Lot 0.87 ac (37,700 SF)
Zoning code ROC-1
APN 241/00771-002-000
UPID US25-0042867

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

6143 Merle Hay Rd Johnston, IA 50131-2814
Johnston metro Census 11702 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

1 recorded transaction
1969
Price N/A

Zoning & alternative use

ROC-1 · Johnston, IA

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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