5525 Merle Hay RdJohnston, IA 50131

Property Details for 5525 Merle Hay Rd

Year built

2005

Construction

STEEL FRAME

Lot size

4.40 AC

Property size (Sq ft)

95,400 SF

Zone code

PUD

Property type

Investment properties

Property subtype

Live-work space

APN

241/00747-802-011

APU

24100747802011

Description

Johnston Station, a Class A, two-story office building in Des Moines West, offers exceptional executive office space for lease. Located at 5525 Merle Hay Rd, Johnston, IA 50131, this property boasts a total of 63,500 square feet, spread across one building situated on a 4.4-acre lot. Currently, there are 6,960 square feet of vacant space available, divisible into units ranging from 1,507 to 3,006 contiguous square feet. The building features a total of four suites, providing flexibility for various business needs. Built in 2005, Johnston Station is zoned Pud and offers ample parking with one underground parking spot provided per 1,000 square feet of leased space. The property's prime location in the IA - Des Moines West submarket of Polk County, Iowa, ensures excellent visibility and accessibility. This is an exceptional opportunity to secure high-quality office space in a thriving business community. The property's modern design and convenient amenities make it an ideal location for businesses seeking a prestigious and functional workspace. Contact us today to learn more about leasing opportunities and explore the potential of Johnston Station for your business.

• CAP approach

  CAP return

  Valuation

  6%

  $16,632,872

  6.5%

  $15,353,421

  7%

  $14,256,748

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,869,216

  Geo Method

  $4,869,216

• Alternative Use

  Use

  Valuation

  Residential

  $19,038,242

  Hospitality

  $17,438,928

  Educational

  $14,508,983

  Medical

  $15,007,969

  Retail

  $22,569,528

Location Insight

City

Johnston

County

Polk

State

Iowa

Latitude

41.6611

Longitude

-93.6966

CBSA code

19780

CBSA name

DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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