Technical
Financial
Distress signals
Property profile

8711 Thomas Ave Johnston, IA 50131

OFF-MARKET
Retail space
Property ID
US25-0020110
12,163 SF 1.43 ac lot Built 2017
Entity Owned 10-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2017
Construction STEEL FRAME
Total area 12,163 SF
Lot 1.43 ac (62,334 SF)
APN 241/01040-003-003
UPID US25-0020110

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Gym & Fitness Center
  • Training Center

Location

8711 Thomas Ave Johnston, IA 50131-8002
Johnston metro Census 11703 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.73M
Comparable Approach Comparable
$1.51M
Blend (final) Blend
$1.41M

Owner & transaction history

since 2015
5 recorded transactions
2018
Price N/A
2017
Price N/A
2015
$122,500
2007
$184,500
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Restaurant $2.1M +47.6%
Auto repair, garage $1.9M +33.1%
Apartment house (5+ units) $1.8M +29.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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