Technical
Financial
Distress signals
Property profile

6150 Merle Hay Rd Johnston, IA 50131

OFF-MARKET
Drive through restaurants
Property ID
US25-2543519
2,114 SF 0.74 ac lot Built 2008
Entity Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 2008
Construction FRAME
Total area 2,114 SF
Lot 0.74 ac (32,415 SF)
Zoning code ROC-1
APN 241/00871-001-000
UPID US25-2543519

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Restaurant

Location

6150 Merle Hay Rd Johnston, IA 50131-1223
Johnston metro Census 11702 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$550k
CAP Approach CAP
by Request
Comparable Approach Comparable
$558k
Blend (final) Blend
$610k

Owner & transaction history

since 2023
Last sale
$650,000
2 recorded transactions
2023
$650,000
2008
$600,000

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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