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    8705 Chambery Blvd Johnston, IA 50131-3137

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    Property profile & analytics

    8705 Chambery Blvd Johnston, IA 50131-3137

    View on Map
    • Strip malls
    • 9,650 SF
    • 2.08 lot acres
    Off-Market
    Last Sale Oct 6, 2020
    Property ID
    US25-1388259
    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
    $1,005,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Strip malls

    Property Details for 8705 Chambery Blvd

    Year built
    2014
    Construction
    STEEL FRAME
    Lot size
    2.08 lot acres
    Property size
    9,650 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    241/00372-877-001
    APU
    24100372877001

    Description

    This Johnston, IA office building, located at 8705 Chambery Boulevard, presents a compelling investment opportunity. While the precise square footage is currently unavailable, the property is offered at an asking price of $19 million. The property sits on a lot with no acreage specified. Further details regarding the available space and lease rates are not currently available through public records or the seller's provided information. Interested parties are encouraged to conduct their own due diligence to ascertain the precise dimensions and layout of the building. The property's location in Johnston offers convenient access to major transportation routes and amenities, making it an attractive proposition for businesses seeking a strategic location. The absence of detailed specifications underscores the need for prospective buyers to undertake a thorough site visit and independent assessment to fully understand the property's potential. All information provided is based solely on data obtained from the seller and public records, and should be verified independently. This presents a unique chance to acquire a significant office property in a thriving Iowa market. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $950,000
      Current use
      RESTAURANT
      $1,660,000
      Change: +75% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,500,000
      Change: +58% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $1,460,000
      Change: +54% Conversion: Difficult
      MEDICAL BUILDING
      $1,455,000
      Change: +53% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,290,000
      Change: +36% Conversion: Easy
      RETAIL STORES
      $1,125,000
      Change: +18% Conversion: Easy
      WAREHOUSE, STORAGE
      $825,000
      Change: -13% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Johnston
    County
    Polk
    State
    Iowa
    Longitude
    -93.7378
    Latitude
    41.6615
    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
    $71,414
    $964,000
    $1,546,000
    $2,510,000
    -
    $964,000
    $1,546,000
    $2,510,000

    Comparable in this City

    • Value Estimation by Request
      12,500 SF

      5335 Merle Hay Rd

      SHOPPING CENTER, STRIP CENTER • 12,500 SF
      5335 Merle Hay Rd, Johnston, IA 50131-1238
      View Details
    • Value Estimation
      $865,000
      10,200 SF

      5785 Merle Hay Rd

      SHOPPING CENTER, STRIP CENTER • 10,200 SF
      5785 Merle Hay Rd, Johnston, IA 50131-2812
      View Details
    • Value Estimation
      $1,045,000
      11,792 SF

      6201 Merle Hay Rd

      SHOPPING CENTER, STRIP CENTER • 11,792 SF
      6201 Merle Hay Rd, Johnston, IA 50131-1263
      View Details
    • Value Estimation
      $875,000
      8,486 SF

      10100 62nd Ave

      SHOPPING CENTER, STRIP CENTER • 8,486 SF
      10100 62nd Ave, Johnston, IA 50131-2914
      View Details
    • Value Estimation by Request
      15,650 SF

      5370 86th St

      SHOPPING CENTER, STRIP CENTER • 15,650 SF
      5370 86th St, Johnston, IA 50131-1785
      View Details
    • Value Estimation by Request
      7,395 SF

      5955 Merle Hay Rd

      SHOPPING CENTER, STRIP CENTER • 7,395 SF
      5955 Merle Hay Rd, Johnston, IA 50131-2813
      View Details

    Similar Nearby for Sale

    • $80,000
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      Turnkey Bakery and Cafe Space

      Fully built-out bakery and cafe space in Johnston, Iowa.
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      Land For Sale

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      1.48 Acres Commercial Land

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      2.5 Acre Land Parcel

      2.5 acre land parcel available for sale.
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      Residential Land in Johnston, Iowa

      Land for sale in a new, scenic residential community.
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      Land in a premier neighborhood with space, nature, and convenience.
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    Similar Nearby for Lease

    • 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
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      New Retail Space Available

      New construction retail space in a high-traffic location.
      5260 Merle Hay Rd, Johnston, IA 50131
      View Details
    • Contact for pricing
      1,376 SF

      Retail Space on Merle Hay

      Turnkey retail space with high visibility and ample parking.
      5800 Merle Hay Rd, Johnston, IA 50131
      View Details
    • Contact for pricing
      1,856 SF

      Restaurant Space Available For Rent

      Second generation restaurant space with existing kitchen equipment.
      5955 Merle Hay Rd, Johnston, IA 50131
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    • Contact for pricing
      1,760 SF

      Retail/Office Space Near I-80

      Highly visible retail/office building, 1/2 mile from I-80.
      5525 Merle Hay Rd, Johnston, IA 50131
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    • Contact for pricing

      Commercial Space for Lease

      Commercial space available for lease.
      5525 Merle Hay Rd, Johnston, IA 50131
      View Details
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    8705 Chambery Blvd
    Johnston, IA 50131-3137
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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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