Building Details

Year Built 2007

Buildings 1

Tenancy Single

Listing Agency: Buyers Realty, Inc

Listed By: Peter Brown · License #IA S28799000 Show Phone

Source: Crexi

Added: Aug 26 Changed: Oct 8 Last Checked: Oct 16 at 7:11AM

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Investment Insights

Based on property information with market context.

This freestanding medical office property contains 5,388 square feet of improvements completed in 2007. The interior configuration includes waiting areas, consultation rooms, surgical rooms, a nurses’ station, and a recovery area, providing a layout specifically built out for medical operations.

The property occupies the corner of E. Euclid Avenue and E. 33rd Street, just off Hubbell Avenue in Des Moines. The 1.3-acre site also includes an additional parcel along E. Euclid Avenue that may be considered for separate development. Zoning is PUD.

Key Highlights

• 5,388 square feet of medical office space
• 1.3‑acre property with an additional E. Euclid parcel
• Built in 2007

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$70,992

Cap Rate

6.76%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,419,840 $1.4M

Cap Rate 7%

$1,014,171 $1.0M

Cap Rate 9%

$788,800 $788.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,388 SF

Gross rent

$118.3K $21.96/SF

− Vacancy

−$23.7K −$4.39/SF

EGI

$94.7K $17.57/SF

− OpEx

−$23.7K −$4.39/SF

NOI

$71.0K $13.18/SF

Area

Des Moines, IA

Vacancy

20.00%

Lease Rate

$21.96 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,419,840

Cap Rate 7%

$1,014,171

Cap Rate 9%

$788,800

Alternative Uses

Best Use

Office B

$1.01M

$887.4K – $1.18M (±1% cap)

NOI $70,992 @ 7.0% cap · market cap 6.76%

Second Best

Healthcare Medical

$892.3K

$780.7K – $1.04M (±1% cap)

NOI $62,458 @ 7.0% cap · market cap 5.94%

Theoretical Best

Office A

$1.33M

$1.16M – $1.55M (±1% cap)

NOI $92,887 @ 7.0% cap · market cap 8.84%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Dr. John A. Maletta, ... Dental Office Iowa Oral & Maxillofacial ... Dental Office Dr. Neil Dunbar Dental Office DR. TODD NIELSEN Dental Office Dr. Darren Jirsa Dental Office

Suggested Use

Top Pick Real Estate Agency Building Supply Law Firm Big Box & Wholesale Store Restaurant Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

262

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 50317, IA

37,221

Population

15,193

Households

2.4

Avg Household Size

38

Median Age

15%

College-Educated

87%

High-School Grad

22.1 sq mi

ZIP Area

1,684

Density / Sq Mi

$61,569

Median Household Income

$36,641

Median Earnings

$1,079

Median Rent

$165,200

Median Home Value

Market

Vacancy Rate% for Office in Des Moines, IA

15.9% 2023

20% 2024

16.8% 2025

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Frequently Asked Questions

What type of property is this?

Medical Office Space - Clinical buildout includes waiting, consultation, surgical, nursing, and recovery areas.

Where is this medical office space located?

The property is located at 3310 East Euclid Avenue Des Moines, IA.

What is the asking price?

The asking price for this property is $1,050,660.

What are key features of this property?

This property features: 5,388 square feet of medical office space; 1.3‑acre property with an additional E. Euclid parcel; Built in 2007