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    Property profile & analytics

    8700 Crescent Chase Johnston, IA 50131

    • Investment properties
    • 30,184 SF
    • 2.49 lot acres
    For Lease
    View listing
    $3,700,000
    Value Estimation
    $2,515,000
    Last Sale
    Mar 16, 2023
    $2,400,000
    Location Intelligence
    Property ID
    US25-0085957
    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 8700 Crescent Chase

    Year built
    2018
    Construction
    STEEL FRAME
    Lot size
    2.49 lot acres
    Property size
    30,184 SF
    Zone code
    PUD
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    241/00523-071-301
    APU
    24100523071301

    Description

    This exceptional 30,184 square foot office building, located at 8700 Crescent Chase in Johnston, Iowa, 50131, presents a unique investment opportunity. Built in 2009 and extensively renovated in 2018, the property boasts a Class B rating and offers flexible space ideal for a variety of uses, including creative office, medical office, traditional office, hospitality, or retail. The single-story building sits on 2.493 acres of land and features an open floor plan design with abundant natural light. An outdoor patio provides a welcoming space for employees. The entire 30,184 square feet is currently vacant and available for lease, with a minimum divisible space of 5,688 square feet. The property includes 149 parking spaces, making it convenient for employees and clients. Zoned PUD, this versatile building is situated in the Johnston submarket, near the cross streets of NW 62nd. The property is ready for immediate occupancy and offers a range of floor plan options to suit diverse business needs. No elevators are present in this single-story building.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,765,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,545,000
      6.5%
      $2,245,000
      7%
      $2,550,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,535,000
      Geo Method
      $2,165,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,945,000
      Retail
      $2,300,000
      Mixed-Use
      $2,475,000
      Hospitality
      $1,860,000
      Educational
      $2,405,000
      Residential Income
      $2,320,000
      Energy
      $1,825,000
      Income-Based Land
      $2,450,000
      Food Service
      $2,465,000

    Location Insight

    • Map
    • Local Demand
    City
    Johnston
    County
    Polk
    State
    Iowa
    Longitude
    -93.7397
    Latitude
    41.6714
    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
    $154,670
    $557,000
    $1,843,000
    $2,400,000
    -
    $557,000
    $1,843,000
    $2,400,000

    Comparable in this City

    • Value Estimation by Request
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      OFFICE/RESIDENTIAL (MIXED USE) • 392 SF
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      33,140 SF

      5435 100th St

      OFFICE/RESIDENTIAL (MIXED USE) • 33,140 SF
      5435 100th St, Johnston, IA 50131-4818
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    • Value Estimation by Request
      512 SF

      5721 57th Ave, Unit 14

      OFFICE/RESIDENTIAL (MIXED USE) • 512 SF
      5721 57th Ave, Johnston, IA 50131
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    • Value Estimation by Request
      197,658 SF

      8305 62nd Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 197,658 SF
      8305 62nd Ave, Johnston, IA 50131-8820
      View Details
    • Value Estimation by Request
      146,025 SF

      5355 86th St

      OFFICE/RESIDENTIAL (MIXED USE) • 146,025 SF
      5355 86th St, Johnston, IA 50131-2781
      View Details

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    8700 Crescent Chase
    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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