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    6460 NW Beaver Dr Johnston, IA 50131
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    Property profile & analytics

    6460 NW Beaver Dr, Johnston, IA 50131

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    • Investment properties
    • 8,000 SF
    • 2.40 lot acres
    For Lease
    $735,000
    View Listing →
    Industrial Land Build-to-Suit Opportunity For Lease
    $735,000

    Industrial Land Build-to-Suit Opportunity

    Industrial land available for build-to-suit in Johnston, Iowa.

    6460 NW Beaver Drive, Johnston, IA 50131
    View Listing
    Property ID
    US25-0220889
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 6460 NW Beaver Dr

    Year built
    1989
    Construction
    STEEL FRAME
    Lot size
    2.40 lot acres
    Zone code
    M-1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    241/00828-004-000
    APU
    24100828004000

    Description

    This exceptional industrial property, located at 6460 NW Beaver Drive in Johnston, Iowa (zip code 50131), offers a total of 15,000 square feet of warehouse and distribution space. The property sits on a generous 2.4-acre lot and is zoned M-1, providing ample opportunity for various industrial uses. The building is currently fully vacant and available for immediate occupancy. Multiple tenancy options are available, with spaces divisible to a minimum of 5,000 square feet and a maximum contiguous space of 10,000 square feet. This presents a unique opportunity for businesses seeking flexible space to accommodate their specific needs. The property's location in Polk County, Iowa, offers convenient access to major transportation routes, enhancing logistical efficiency. The site is strategically positioned east of Hiland Dairy, providing excellent visibility and accessibility. The property is ideally suited for build-to-suit opportunities, allowing for customized development to meet individual business requirements. The northern portion of the lot can accommodate a building up to 5,000 square feet, while the southern portion allows for a building up to 10,000 square feet. This versatile property is an excellent investment opportunity for businesses seeking a prime location in a thriving industrial area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $837,000
      Market price range: $479k - $1.56M
      AI Estimate
      $583,000
      Market price range: $298k - $1.25M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,070,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $1,210,000
      Change: +13% Conversion: Moderate
      MEDICAL BUILDING
      $1,210,000
      Change: +13% Conversion: Easy
      RETAIL STORES
      $935,000
      Change: -13% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Johnston
    County
    Polk
    State
    Iowa
    Longitude
    -93.6809
    Latitude
    41.678
    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
    2020
    $16,706
    $177,000
    $660,000
    $837,000
    -
    $177,000
    $660,000
    $837,000

    Comparable in this City

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    • Value Estimation
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      6751 Corporate Dr

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    • Value Estimation
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      8651 Northpark Ct

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    • Value Estimation
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      9131 Northpark Dr

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    • Value Estimation
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      18,600 SF

      6163 86th St

      OFFICE/RESIDENTIAL (MIXED USE)
      6163 86th St, Johnston, IA 50131-2241
      View Details
    • Value Estimation
      $525,000
      5,075 SF

      5295 Merle Hay Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      5295 Merle Hay Rd, Johnston, IA 50131-1206
      View Details

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      Industrial Land Build-to-Suit Opportunity

      Industrial land available for build-to-suit in Johnston, Iowa.
      6460 NW Beaver Dr, Johnston, IA 50131
      View Details
    • Contact for pricing
      1,757 SF

      Retail Space on Merle Hay

      New retail shopping center with immediate availability on Merle Hay.
      5260 Merle Hay Rd, Johnston, IA 50131
      View Details
    • Contact for pricing
      6 SF

      6.25 Acres Ready to Build

      6.253 acres of commercial land available for rent.
      7801 Birchwood Ct, Johnston, IA 50131
      View Details
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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.

    More about this property
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