8850 NW 62Nd Ave Johnston, IA 50131
For Lease
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This exceptional Class A office building, constructed in 2008, offers 41,080 square feet of flexible space available for lease in Johnston, Iowa. Located at 8850 NW 62nd Ave, near Crescent Chase, this single-story building sits on 4.21 acres and boasts a 10-foot ceiling height. The property is zoned PUD and features a minimum divisible space of 4,000 square feet, with the potential to lease the entire 41,080 square feet contiguously. The building is currently vacant and ready for immediate occupancy. Amenities include ample parking (5.2 spaces per 1,000 square feet), although elevators are not available. Its prime location provides convenient access to major roadways, restaurants, and retail establishments. The property is ideal for a variety of businesses, including medical and executive offices, and offers competitive lease rates starting at $6.95 per square foot. The building also has a sale price of $4,300,000. This is a rare opportunity to secure a high-quality, spacious office building in a thriving Johnston location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
PUD · Johnston, IAJohnston. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.