Freestanding Medical Office
For Sale
Contact for pricing
3310 East Euclid Avenue, Des Moines, IA 50317
Clinical buildout includes waiting, consultation, surgical, nursing, and recovery areas.
Property Size5,388 SF
Lot Size1.30 Acres
Price / SF$195
Days on Market9
Property Features for 3310 East Euclid Avenue
General Information
Standard status
Active
Size
5,388 SF
Lot size
1.30 Acres
Property subtype
Office
Zoning
PUD
Building Details
Year Built
2007
Buildings
1
Tenancy
Single
Listing Agency:
Buyers Realty, Inc
Listed By:
Peter Brown · License #IA S28799000
(515) 277-1265
Source:
Crexi
Added: Aug 26
Changed: Sep 3
Last Checked: Sep 3 at 2:10AM
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 Buyers Realty, Inc
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$70,992
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.76%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,419,840
$1.4M
Cap Rate 7%
$1,014,171
$1.0M
Cap Rate 9%
$788,800
$788.8K
Market Conditions
NOI Build-Up for 5,388 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $70,992 @ 7.0% cap · market cap 6.76%
Second Best
Healthcare Medical
$892.3K
$780.7K – $1.04M
NOI $62,458 @ 7.0% cap · market cap 5.94%
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $92,887 @ 7.0% cap · market cap 8.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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Similar Off Market Nearby
- Hubbell Animal Hospital — 3451 Hubbell Ave, Des Moines, IA 50317
- Aldrich C L DVM — 3415 Hubbell Ave, Des Moines, IA 50317
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
