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Property profile & analytics
FOR LEASE
Investment properties

8850 NW 62Nd Ave Johnston, IA 50131

41,080 SF 4.21 ac lot Built 2008
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US25-2535304
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 2008
Construction STEEL FRAME
Total area 41,080 SF
Lot 4.21 ac (183,518 SF)
Zoning code PUD
APN 241/00523-071-001
UPID US25-2535304
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.99M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.82M
Blend (final) Blend
$2.87M
Owner & transaction history
Crescent Chase Jv23 LLC · 3 yrs held
Crescent Chase Jv23 LLC
since 2023
Last sale
$2.7M
6 recorded transactions
2025
Price N/A
2023
$2.7M
2008
$490,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
PUD · Johnston, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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