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    4212 Merle Hay Rd Des Moines, IA 50310

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    For Lease
    $24 SF/Yr ($8,184 /Mo)

    Retail property with high visibility and existing restaurant infrastructure.

    Property size:
    4,092 SF
    Lot size:
    4,092 SF

    Property Features for 4212 Merle Hay Rd

    General Information

    Size
    4,092 SF

    Building Details

    Year built
    2014

    Source: Heath D. Bullock, CCIM, SIOR Agent Heath D. Bullock, CCIM, SIOR

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Freestanding Retail Space on Corner

    This freestanding retail property is available for long-term lease and is situated on the hard corner of NW Aurora Ave and Merle Hay Road, offering excellent visibility at a fully signalized intersection. The property has access to an existing grease trap, hood, and walk-in cooler and freezer. Running expenses include water and grease trap maintenance. The location is positioned between the interstate and Merle Hay Mall, which attracts over 3 million visitors annually. A multi-use area is planned for the Merle Hay Mall site, which is anticipated to increase visitor count to the area by an additional 300,000 or more. The corridor provides a diverse array of dining, shopping, and leisure options. The location targets both the densely populated surrounding neighborhoods and the high volume of commuters that travel along this corridor. The property size is 4092 square feet.
    Location Intelligence

    Current Use by Public Records

    Pita Pit Caterer

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.697862
    Latitude
    41.637203

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    FAQs

    What type of property is this?
    Retail space - Retail property with high visibility and existing restaurant infrastructure.
    Where is this retail space located?
    The property is located at 4212 Merle Hay Rd Des Moines, IA.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: - High Visibility: Located on the hard corner of a fully signalized intersection.; - High Traffic Location: Situated between the interstate and Merle Hay Mall, attracting over 3 million annual visitors.; - Growing Customer Base: Merle Hay Mall expansion is projected to increase visitor count.
    (515) 554-7412
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    4212 Merle Hay Rd Des Moines, IA 50310
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    Des Moines, IA 50310
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    Realmo Value Estimation

    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.

    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.

    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
    4212 Merle Hay Rd Des Moines, IA 50310
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