Former Dealership Automotive
4550 Merle Hay Rd, Des Moines, IA 50310
For Sale
New
$2,500,000
The single-story building has a layout suited to automotive operations.
Property Size11,196 SF
Price / SF$223.29
Days on Market2
Property Features for 4550 Merle Hay Rd
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Additional Details
Real Estate Included
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Ferguson Commercial Real Estate Services
Listed By:
Roy Jensen · License IA S72747000
(515) 803-2895
Source:
Fergusoncres
Added: Nov 8
Last Checked: Nov 8 at 4:46PM
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 Ferguson Commercial Real Estate Services
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 4550 Merle Hay Road in Des Moines, this former dealership is a single-story commercial building containing 11,196 square feet. Constructed in 1980, it is zoned C-H. The existing dealership layout may accommodate continued automotive use, retail operations, or other commercial applications.
Key Highlights
- 11,196‑square‑foot commercial building
- Former car dealership with an existing dealership layout
- Single‑story building constructed in 1980
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$108,741
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,174,820
$2.2M
Cap Rate 7%
$1,553,443
$1.6M
Cap Rate 9%
$1,208,233
$1.2M
Market Conditions
NOI Build-Up for 11,196 SF
Gross rent
$167.9K $15.00/SF
− Vacancy
−$12.6K −$1.13/SF
EGI
$155.3K $13.88/SF
− OpEx
−$46.6K −$4.16/SF
NOI
$108.7K $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%
$2,174,820
Cap Rate 7%
$1,553,443
Cap Rate 9%
$1,208,233
Alternative Uses
Best Use
Retail
$1.55M
$1.36M – $1.81M
NOI $108,741 @ 7.0% cap · market cap 4.35%
Second Best
Industrial
$655.8K
$573.8K – $765.1K
NOI $45,907 @ 7.0% cap · market cap 1.84%
Theoretical Best
Office A
$2.76M
$2.41M – $3.22M
NOI $193,015 @ 7.0% cap · market cap 7.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
524
Businesses Nearby
Under-served
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Automotive properties in Polk County
Vacancy Rate% for Retail in Des Moines, IA
Similar Off Market Nearby
- Airport Van Rental — 4410 Merle Hay Rd, Des Moines, IA 50310
- Charles Gabus Ford Rentals — 4410 Merle Hay Rd, Des Moines, IA 50310
Frequently Asked Questions
What type of property is this?
Automotive property - The single-story building has a layout suited to automotive operations.
Where is this automotive property located?
The property is located at 4550 Merle Hay Rd Des Moines, IA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 11,196‑square‑foot commercial building; Former car dealership with an existing dealership layout; Single‑story building constructed in 1980
