Property profile

6365 Merle Hay Rd Johnston, IA 50131

OFF-MARKET
Apartment buildings
Property ID
US25-0741221
91,352 SF 2.39 ac lot Built 2012
Entity Owned 12-yr Hold Absentee Owner
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Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 2012
Construction FRAME
Total area 91,352 SF
Lot 2.39 ac (103,891 SF)
Zoning code ROC-2
APN 241/00844-501-000
UPID US25-0741221

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
  • Apartment Building

Location

6365 Merle Hay Rd Johnston, IA 50131-1255
Johnston metro Census 11406 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.96M

Owner & transaction history

Zoning & alternative use

ROC-2 · 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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