Building Details

Building Size 2,250 SF

Year Built 1978

Listed By: Kevin Crowley, SIOR · License #IA #B17147000 Show Phone

Source: Iowacommercial

Added: Aug 21 Changed: Sep 5 Last Checked: Oct 5 at 3:29PM

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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 Kevin Crowley, SIOR

Investment Insights

Based on property information with market context.

This medical office property is occupied by an animal medical clinic in Des Moines, Iowa. The building contains 2,250 square feet and was built in 1978, providing an established commercial facility for veterinary operations.

The property encompasses 0.478 acres and carries C-H Highway Commercial District zoning. Its location at 4520 Merle Hay Rd places the clinic within a designated highway commercial setting.

Key Highlights

• 2,250‑square‑foot animal medical clinic
• Built in 1978
• 0.478‑acre lot

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$29,646

Cap Rate

4.74%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$592,920 $592.9K

Cap Rate 7%

$423,514 $423.5K

Cap Rate 9%

$329,400 $329.4K

Market Conditions

NOI Build-Up for 2,250 SF

Gross rent

$49.4K $21.96/SF

− Vacancy

−$9.9K −$4.39/SF

EGI

$39.5K $17.57/SF

− OpEx

−$9.9K −$4.39/SF

NOI

$29.6K $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%

$592,920

Cap Rate 7%

$423,514

Cap Rate 9%

$329,400

Alternative Uses

Best Use

Office B

$423.5K

$370.6K – $494.1K (±1% cap)

NOI $29,646 @ 7.0% cap · market cap 4.74%

Second Best

Healthcare Medical

$372.6K

$326.0K – $434.7K (±1% cap)

NOI $26,082 @ 7.0% cap · market cap 4.17%

Theoretical Best

Office A

$554.1K

$484.9K – $646.5K (±1% cap)

NOI $38,789 @ 7.0% cap · market cap 6.21%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Animal Medical Clinic Veterinary Clinic Animal Medical Clinic: ... Veterinary Clinic Johnson M E ... Veterinary Clinic

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Building Supply Big Box & Wholesale Store HVAC Service

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

524

Businesses Nearby

Balanced

Demand for This Use

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

Market

Vacancy Rate% for Office in Des Moines, IA

15.9% 2023

20% 2024

16.8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this medical office space located? What is the asking price? Find similar properties What are key features of this property?

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Similar Off Market Nearby

• Johnson M E DVM — 4520 Merle Hay Rd, Des Moines, IA 50310, United States
• Animal Medical Clinic — 4520 Merle Hay Rd, Des Moines, IA 50310
• Animal Medical Clinic: Heyer M H DVM — 4520 Merle Hay Rd, Des Moines, IA 50310
• BluePearl Pet Hospital — 4631 Merle Hay Rd, Des Moines, IA 50322

Frequently Asked Questions

What type of property is this?

Medical Office Space - Existing veterinary clinic within a Highway Commercial District property in Des Moines.

Where is this medical office space located?

The property is located at 4520 Merle Hay Rd Des Moines, IA.

What is the asking price?

The asking price for this property is $625,000.

What are key features of this property?

This property features: 2,250‑square‑foot animal medical clinic; Built in 1978; 0.478‑acre lot