Commercial NNN
For Sale
Contact for pricing
4416 MERLE HAY RD DES MOINES IA 50310-1412, Des Moines, IA 50310
The property carries Commercial zoning and an NNN lease structure.
Property Size5,888 SF
Price / SF$259
Days on Market163
Property Features for 4416 MERLE HAY RD DES MOINES IA 50310-1412
General Information
Standard status
Active
Size
5,888 SF
Property subtype
Retail
Zoning
Commercial
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$103,342
Building Details
Year Built
1964
Year Renovated
1996
Buildings
1
Tenancy
Single
Listing Agency:
Marcus & Millichap - Orlando
Listed By:
Scott Gould · License #FL SL3288412
(407) 557-3824
Source:
Crexi
Added: May 5
Changed: Oct 12
Last Checked: Oct 12 at 8:01PM
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 Marcus & Millichap - Orlando
Investment Insights
Based on property information with market context.
This commercial NNN property comprises a 5,888-square-foot building at 4416 Merle Hay Rd in Des Moines, Iowa. Constructed in 1964, the asset is subject to Commercial zoning and is offered with an NNN lease structure.
The property is positioned along the corridor identified as “Dealership Row,” providing a defined commercial setting within Des Moines.
The property is positioned along the corridor identified as “Dealership Row,” providing a defined commercial setting within Des Moines.
Key Highlights
- 5,888‑square‑foot commercial property
- NNN lease structure
- Commercial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,187
Cap Rate
3.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,143,740
$1.1M
Cap Rate 7%
$816,957
$817.0K
Cap Rate 9%
$635,411
$635.4K
Market Conditions
NOI Build-Up for 5,888 SF
Gross rent
$88.3K $15.00/SF
− Vacancy
−$6.6K −$1.13/SF
EGI
$81.7K $13.88/SF
− OpEx
−$24.5K −$4.16/SF
NOI
$57.2K $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%
$1,143,740
Cap Rate 7%
$816,957
Cap Rate 9%
$635,411
Alternative Uses
Best Use
Retail
$817.0K
$714.8K – $953.1K
NOI $57,187 @ 7.0% cap · market cap 3.75%
Second Best
Industrial
$344.9K
$301.8K – $402.4K
NOI $24,143 @ 7.0% cap · market cap 1.58%
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,507 @ 7.0% cap · market cap 6.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
524
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Des Moines, IA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - The property carries Commercial zoning and an NNN lease structure.
Where is this nnn property located?
The property is located at 4416 MERLE HAY RD DES MOINES IA 50310-1412 Des Moines, IA.
What is the asking price?
The asking price for this property is $1,525,000.
What are key features of this property?
This property features: 5,888‑square‑foot commercial property; NNN lease structure; Commercial zoning
