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    6250 NW Beaver Dr Johnston, IA 50131
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    Property profile & analytics

    6250 NW Beaver Dr, Johnston, IA 50131

    View on Map
    • Warehouses
    • 16,600 SF
    • 1.36 lot acres
    For Lease
    $10 SF/Yr
    View Listing →
    NW Beaver Drive Retail Space For Lease
    $10 SF/Yr
    5,534 SF

    NW Beaver Drive Retail Space

    5,534 SF specialty property available for rent.

    6250 NW Beaver Dr, Johnston, IA 50131
    View Listing
    Property ID
    US25-0238960
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,940,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 6250 NW Beaver Dr

    Year built
    1996
    Construction
    STEEL FRAME
    Lot size
    1.36 lot acres
    Zone code
    M-1
    Property type
    Warehouses
    APN
    241/00747-050-001
    APU
    24100747050001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 25, 2023 $2,000,000 Eroc Properties LLC 6250 Nw Beaver Drive LLC Warranty Deed $1.6M · Community State Bank
    Oct 22, 2020 $180,000 Homes By Advantage LLC Oak Crest Hms Lc Warranty Deed —
    Mar 20, 2020 — Homes By Advantage LLC — Deed Of Trust · related $182k · Charter Bk
    Jul 12, 2016 — 6250 Nw Beaver Drive LLC Shook William E Trust Quit Claim Deed · related —
    Apr 28, 2015 — Tmmc Ents LLC Bradley Mark W & Carolyn D Warranty Deed —
    Jul 7, 2005 — Shook William E Trust Shook,william E Quit Claim Deed · related —

    Description

    This Johnston, IA industrial property, located at 6250 NW Beaver Dr (cross street: NW 62nd Ave), offers 16,600 square feet of flexible space in a single-story, 1996-built building situated on 1.355 acres. The property features 24-foot ceilings, three dock-high doors, and five drive-in doors, providing excellent access for loading and unloading. Power is supplied by a 208/240v 3-phase system. Currently, there is space available for lease ranging from 2,667 to 8,300 square feet, allowing for flexibility in tenant needs. The building includes an existing mezzanine and a great mix of office and warehouse finishes. The property boasts a recently repaved parking lot and service court, and offers monument and building signage opportunities. Its convenient location provides easy access to I-80/35, making it an ideal location for businesses needing efficient transportation links. This Polk County property is perfect for a variety of industrial and flex uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,870,000
      ML approach
      $1,890,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,183,000
      Market price range: $839k - $2.07M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,415,000
      Current use
      RESTAURANT
      $2,860,000
      Change: +102% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $2,580,000
      Change: +82% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $2,515,000
      Change: +77% Conversion: Difficult
      MEDICAL BUILDING
      $2,505,000
      Change: +77% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $2,220,000
      Change: +57% Conversion: Difficult
      RETAIL STORES
      $1,935,000
      Change: +37% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $1,635,000
      Change: +16% Conversion: Moderate

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Johnston
    County
    Polk
    State
    Iowa
    Longitude
    -93.6807
    Latitude
    41.6748
    CBSA code
    19780
    CBSA name
    DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $48,768
    $99,900
    $1,470,100
    $1,570,000
    -
    $99,900
    $1,470,100
    $1,570,000

    Comparable in this City

    • Value Estimation
      $775,000
      6,600 SF

      5265 Merle Hay Rd

      MINI-WAREHOUSE, STORAGE
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      View Details
    • Value Estimation by Request

      4705 59Th Ave

      Flex space
      4705 59Th Ave, Johnston, IA 50131
      View Details
    • Value Estimation
      $1,180,000
      8,000 SF

      5145 Beaver Dr

      WAREHOUSE, STORAGE
      5145 Beaver Dr, Johnston, IA 50131-1331
      View Details
    • Value Estimation
      $4,040,000
      12,120 SF

      4679 Waters Edge Dr

      MINI-WAREHOUSE, STORAGE
      4679 Waters Edge Dr, Johnston, IA 50131-1387
      View Details
    • Value Estimation by Request
      4,134 SF

      Johnston, IA 50131

      WAREHOUSE, STORAGE
      Johnston, IA 50131
      View Details
    • Value Estimation by Request
      25,200 SF

      5000 57th Ave

      WAREHOUSE, STORAGE
      5000 57th Ave, Johnston, IA 50131-1441
      View Details

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    Similar Nearby for Lease

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      10,988 SF

      Johnston Flex Space Available

      10,988 SF flex space for lease near Interstate 80.
      5145 NW Beaver Dr, Johnston, IA 50131
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    • Contact for pricing
      118,000 SF

      Johnston Warehouse with Fenced Parking

      118,000 SF warehouse with 1 acre fenced parking.
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      View Details
    • Contact for pricing
      10,988 SF

      Industrial Space Available For Lease

      Industrial space for lease near Interstate 80.
      5145 NW Beaver Dr, Johnston, IA 50131
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      Johnston Office/Flex Space Available

      Prime office/flex space with drive-in access in Johnston, Iowa.
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    Johnston, IA 50131
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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