Technical
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Property profile

6305 NW 59Th Ct Johnston, IA 50131

FOR SALE
Land
Property ID
US25-0307506
1.63 ac lot
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Property summary

AI-generated overview

This exceptional 1.63-acre commercial land parcel presents a remarkable investment opportunity in Johnston, Iowa. Strategically located at 6305 NW 59th Ct, this property enjoys a highly desirable position directly west of Merle Hay Road and directly east of Johnston High School, across 59th Ct. The convenient location offers excellent visibility and accessibility, making it an attractive site for a variety of commercial ventures. The property is zoned Community Mixed Use, providing flexibility for diverse development plans. Given its proximity to the high school and its zoning, this site is particularly well-suited for multi-family residential development, catering to the growing demand for housing in the area. The expansive lot size allows for substantial building potential, offering ample space for a significant project. Detailed site plans and zoning information are readily available upon request. This prime location in Polk County, Iowa, with its 50131 zip code, offers a unique chance to capitalize on the thriving Johnston market. Serious inquiries are encouraged to explore the possibilities of this exceptional land offering. The coordinates are 41.6751228 latitude and -93.7000352 longitude.

Property profile

Verified
Property type Land
Lot 1.63 ac (71,003 SF)
UPID US25-0307506

Cap rate & NOI

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

Location

6305 NW 59Th Ct Johnston, IA 50131
Johnston metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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