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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8191 Birchwood Ct Johnston, IA 50131

    • Commercial real estate
    • 36,630 SF
    • 5.32 lot acres
    For Lease
    View listing
    $9 SF/Yr
    Last Sale
    Dec 17, 2021
    $3,940,125
    Value Estimations
    $4,480,000
    Cap Rate Potential
    9.6%
    Commercial real estate
    Location Intelligence
    Property ID
    US25-0198599
    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

    • Commercial real estate

    Property Details for 8191 Birchwood Ct

    Year built
    1998
    Construction
    STEEL FRAME
    Lot size
    5.32 lot acres
    Property size
    36,630 SF
    Zone code
    PUD
    Property type
    Commercial real estate
    APN
    241/00348-715-000
    APU
    24100348715000

    Description

    8191 Birchwood Court presents a unique opportunity for businesses seeking executive office space in Johnston, Iowa. This single-story, Class B building, constructed in 1998, offers a total of 36,630 square feet situated on a 5.32-acre lot. The property is zoned PUD and features multiple tenancies, with three individual suites currently available, ranging in size from 3,145 to 9,290 square feet. Its convenient location in Johnston, just east of 86th Street and north of I-35/80, provides exceptional access to major transportation arteries. The ample on-site parking ensures convenient access for employees and clients. The building's single-story design offers ease of navigation and accessibility. This property is ideal for businesses seeking a well-maintained, conveniently located office space with significant square footage options. The flexible layout allows for customization to suit various business needs. Interested parties are encouraged to inquire about the available suite sizes and lease terms. The property's strategic location and ample parking make it an attractive option for businesses seeking a high-visibility presence in a thriving Johnston community. The 50131 zip code offers easy access to a range of amenities and services.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,780,000
      ML approach
      $3,905,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $6,045,000
      6.5%
      $5,580,000
      7%
      $5,180,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,983,000
      Market price range: $2.19M - $7.16M
      AI Estimate
      $3,473,000
      Market price range: $1.36M - $5.72M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $4,895,000
      Current use
      AUTO REPAIR, GARAGE
      $5,690,000
      Change: +16% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $5,545,000
      Change: +13% Conversion: Moderate
      MEDICAL BUILDING
      $5,530,000
      Change: +13% Conversion: Easy
      RETAIL STORES
      $4,275,000
      Change: -13% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Johnston
    County
    Polk
    State
    Iowa
    Longitude
    -93.7308
    Latitude
    41.654
    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
    $139,300
    $1,170,000
    $3,810,000
    $4,980,000
    -
    $1,170,000
    $3,810,000
    $4,980,000

    Comparable in this City

    • Value Estimation
      $255,000
      0.16 Acres

      Johnston, IA 50131

      COMMERCIAL (GENERAL) • 0.16 Acres
      Johnston, IA 50131
      View Details
    • Value Estimation
      $225,000
      1.74 Acres

      Johnston, IA 50131

      COMMERCIAL (GENERAL) • 1.74 Acres
      Johnston, IA 50131
      View Details
    • Value Estimation
      $235,000
      0.26 Acres

      Johnston, IA 50131

      COMMERCIAL (GENERAL) • 0.26 Acres
      Johnston, IA 50131
      View Details
    • Value Estimation
      $235,000
      435 SF

      4700 62nd Ave

      COMMERCIAL (GENERAL) • 435 SF
      4700 62nd Ave, Johnston, IA 50131-1017
      View Details
    • Value Estimation
      $220,000
      422 SF

      5220 Beaver Dr

      COMMERCIAL (GENERAL) • 422 SF
      5220 Beaver Dr, Johnston, IA 50131
      View Details
    • Value Estimation
      $255,000
      708 SF

      6102 Beaver Dr

      COMMERCIAL (GENERAL) • 708 SF
      6102 Beaver Dr, Johnston, IA 50131-1350
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.32 Acres

      Johnston Development Land

      1.32 Acres, Prime Location
      8633 Crescent Chase, Johnston, IA 50131
      View Details
    • $1,088,880
      1.28 Acres

      Johnston Commercial Land - $1.09M

      Prime Johnston development land, ±1.28 acres.
      5495 Merle Hay Rd, Johnston, IA 50131
      View Details
    • $975,000
      1.25 Acres

      Johnston Development Land: Prime 1.25 Acres

      86th Street Corridor, Johnston, IA - Development Ready
      5300 86Th St, Johnston, IA 50131
      View Details
    • Contact for pricing
      1.63 Acres

      Johnston Land: Prime Mixed-Use

      1.63 Acres, Ideal Multi-Family Development
      6305 59Th Ct, Johnston, IA 50131
      View Details
    • Contact for pricing
      1.02 Acres

      Johnston Land - Development Opportunity

      Prime Iowa land, various lot sizes, ideal for commercial/industrial use.
      5780 West Pkwy, Johnston, IA 50131
      View Details
    • $4,954,695
      2.76 Acres

      Johnston Commercial Land - Prime Location

      2.76 Acres, C-3 & M-2 Zoning, High Visibility
      0 Merle Hay Rd/, Johnston, IA 50131
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,259 SF

      Johnston Medical/Professional Office Space

      Well-maintained office space with drive-thru potential in Johnston, Iowa.
      6105 NW 86Th St, Johnston, IA 50131
      View Details
    • $11 SF/Yr
      5,856 SF

      Office/Flex/Lab Space Sublease

      5,856 SF office/flex/lab space for sublease, immediate availability.
      5501 NW Beaver Dr, Johnston, IA 50131
      View Details
    • $16 SF/Yr
      3,519 SF

      Turnkey Office Space Available

      Furnished office space for rent with flexible lease terms.
      5435 NW 100Th St, Johnston, IA 50131
      View Details
    • $15 SF/Yr
      4,560 SF

      Johnston Warehouse with Office Space

      Warehouse with showroom/office space, drive-in doors, and outdoor storage.
      5820 NW Beaver Dr, Johnston, IA 50131
      View Details
    • Contact for pricing
      32,000 SF

      Des Moines NW Johnston Dr Office/Retail

      Prime Des Moines location; build-to-suit options.
      5450 Johnston Dr, Johnston, IA 50131
      View Details
    • $10 SF/Yr
      16,600 SF

      Johnston Industrial Flex Space

      16,600 SF Flex Space Available
      6250 Beaver Dr, Johnston, IA 50131
      View Details
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    8191 Birchwood Ct
    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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