C-1 Retail
2922 Merle Hay Road, Des Moines, IA 50310
For Sale
Contact for pricing
The suite is zoned C-1 and has a layout suited to retail operations.
Property Size1,195 SF
Days on Market382
Property Features for 2922 Merle Hay Road
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Building Details
Year Built
Listing Agency:
Keller Williams Realty GDM
(515) 334-4900
Listed By:
Emmanuel Toribio
(319) 331-5542
Source:
Prometrorealty
Added: Oct 22, 2025
Changed: Nov 7
Last Checked: Nov 7 at 1:57PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty GDM
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Investment Insights
Based on property information with market context.
This 1,195-square-foot retail suite, identified as Suite A, is in a building constructed in 1978. Its C-1 zoning and functional interior layout support retail use. Parking is available on site.
Merle Hay Mall is nearby, and the property is located on Merle Hay Road in Des Moines.
Merle Hay Mall is nearby, and the property is located on Merle Hay Road in Des Moines.
Key Highlights
- 1,195‑square‑foot Suite A
- C‑1 zoning for retail use
- On‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,606
Suggested Prices Based on Cap Rates
Cap Rate 5%
$232,120
$232.1K
Cap Rate 7%
$165,800
$165.8K
Cap Rate 9%
$128,956
$129.0K
Market Conditions
NOI Build-Up for 1,195 SF
Gross rent
$17.9K $15.00/SF
− Vacancy
−$1.3K −$1.13/SF
EGI
$16.6K $13.88/SF
− OpEx
−$5.0K −$4.16/SF
NOI
$11.6K $9.71/SF
Area
Des Moines, IA
Vacancy
7.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$232,120
Cap Rate 7%
$165,800
Cap Rate 9%
$128,956
Alternative Uses
Best Use
Retail
$165.8K
$145.1K – $193.4K
NOI $11,606 @ 7.0% cap · market cap 1,160,600.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$294.3K
$257.5K – $343.4K
NOI $20,601 @ 7.0% cap · market cap 2,060,100.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
463
Businesses Nearby
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Business Placement
Demographics for 50310, IA
30,754
Population
14,162
Households
2.2
Avg Household Size
37
Median Age
36%
College-Educated
86%
High-School Grad
8.0 sq mi
ZIP Area
3,844
Density / Sq Mi
$74,473
Median Household Income
$46,091
Median Earnings
$1,043
Median Rent
$213,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Retail space in Des Moines
Vacancy Rate% for Retail in Des Moines, IA
Frequently Asked Questions
What type of property is this?
Retail space - The suite is zoned C-1 and has a layout suited to retail operations.
Where is this retail space located?
The property is located at 2922 Merle Hay Road Des Moines, IA.
What are key features of this property?
This property features: 1,195‑square‑foot Suite A; C‑1 zoning for retail use; On‑site parking
