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    Property profile & analytics

    6600 Merle Hay Rd Johnston, IA 50131

    • Investment properties
    • 363,736 SF
    • 25.79 lot acres
    For Lease
    View listing
    $4 SF/Yr
    Value Estimation
    Location Intelligence
    Property ID
    US25-0282236
    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.

    Current Use by Public Records

    • Investment properties

    Property Details for 6600 Merle Hay Rd

    Year built
    1990
    Construction
    CONCRETE
    Lot size
    25.79 lot acres
    Property size
    363,736 SF
    Zone code
    M-1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    241/00831-019-001
    APU
    24100831019001

    Description

    This exceptional 363,736-square-foot industrial property, situated on two acres in Polk County, offers 118,000 square feet of immediately available warehouse/distribution space. Built in 1981 and renovated in 1990, the building boasts a 24-foot clear height, fifteen 8'x10' dock-high doors with levelers, and efficient 40' x 36' column spacing. A significant advantage is the inclusion of approximately two acres of fenced-in outside storage, ideal for inventory or equipment. The property also features approximately 1,000 square feet of finished office space, complete with a breakroom, restrooms, and a dedicated driver check-in/entrance area. The building is equipped with a wet sprinkler system and benefits from a new roof installed in 2022. Zoned M-1 A Light Industrial, this property is perfect for a variety of distribution and warehousing operations. The lease rate is $4.95 per square foot, NNN. Operating expenses are available upon request. A virtual tour is available online. This is a single-tenant building.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Johnston
    County
    Polk
    State
    Iowa
    Longitude
    -93.7012
    Latitude
    41.6806
    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
    $374,420
    $4,230,000
    $12,770,000
    $17,000,000
    -
    $4,230,000
    $12,770,000
    $17,000,000

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    6600 Merle Hay Rd
    Johnston, IA 50131
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    Realmo Value Estimation

    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.

    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.

    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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